Synchrony

# Elevating the Luxury Retail Experience with Synchrony

Synchrony is a strategic partner that provides consumer financing solutions, business-building tools, resources, and support to jewelry and luxury goods retailers. With their Synchrony Luxury Credit Card, they offer a proven, flexible financing solution that can help simplify success for businesses in these industries.

Beyond just consumer financing, Synchrony is a true partner that can help jewelry and luxury goods retailers thrive. They offer industry-specific insights and research, marketing tools, onboarding and training, program performance analytics, and customized reports. Synchrony also provides special cardholder promotions and discounted rate events to drive customer engagement and loyalty.

The impact of Synchrony’s solutions is clear. 77% of Synchrony cardholders say they always seek promotional financing when making a major purchase, and 85% feel that promotional financing makes their large purchases more affordable. Additionally, 72% of Synchrony cardholders said they planned to use their card again in the future.

Synchrony’s expertise extends to understanding the unique needs of the jewelry and luxury goods industries. Their research shows that 48% of jewelry purchases were made on the first visit, underscoring the importance of offering flexible financing options. Synchrony has also partnered with businesses like Sawyer Jewelers, helping them extend the outreach of their non-profit organization GEM Charities.

By choosing Synchrony as a strategic partner, jewelry and luxury goods retailers can elevate the customer experience, drive sales, and build long-term loyalty – all while simplifying the complexities of running a successful business.