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Article: GE Capital, Corporate Retail Finance Provides $1.6 billion in Financing Through Q3 2009.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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GE Capital, Corporate Retail Finance ended Q3 as one of the most active providers of financing to retailers in the U.S. and Canada, deploying approximately $1.6 billion throughout the first nine months of the year.
"Retailers have had to reduce inventory, decrease operating costs and shore-up liquidity in this tough economy," said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. "With consumers saving more, spending less and seeking values-competition for retail market share will be intense this Holiday season."
Throughout 2009, GE Capital, Corporate Retail Finance has met the financing needs of retailers including: BCBG Max Azria ...