The Container Store expands credit card, mobile wallet offerings

The Container Store Group Inc.is growing the scope of a consumer financial services partnership.

The Texas-based home storage and home goods retailer is extending and expanding a financial services agreement it first launched with Synchrony in October 2015. The multi-year agreement will include integration of a digital private-label credit card and mobile wallet into The Container Store's mobile app checkout capabilities.

The Container Store's credit card can be used in conjunction with its Organized Insider loyalty program, allowing cardholders to receive exclusive offers and benefits when they shop with the retailer’s credit card.

Existing cardholders and new customers will continue to receive offers for special financing, including deferred interest financing with a variety of term options (with minimum monthly payments required, subject to credit approval), along with additional benefits and savings of the newly enhanced card program. The Container Store customers can also check if they prequalify for credit with no impact to their credit score, and apply for the card directly from their personal devices.

"We are committed to offering our customers the best retail and purchasing experience. By partnering with Synchrony, we are making it fast and easy to provide shoppers with more benefits and flexible financing to meet all budget needs," said Jeff Miller, CFO, The Container Store. "We aim to seamlessly offer our customers the financing options they need and deliver the rewards they deserve."

"The Container Store shoppers value custom solutions – from closet organization to tailor-made living spaces – and that's exactly what we at Synchrony seek to offer. A unique financing program that meets the needs of our partners and their customers," said Darrell Owens, senior VP, Synchrony. "We look forward to continuing to innovate alongside The Container Store to serve their customers and make their home organizing solutions a reality."

The Container Store unpacks flexible spending

In other financial services, The Container Store also offers the Afterpay flexible payment option at online and in-store checkout to pay in four interest-free installments. Customers will be able to take items home immediately. 

According to The Container Store, the partnership is part of a broader effort to offer flexible financing options to its customers.