GE Capital Retail Bank and La-Z-Boy Continue Furnishing Consumer Credit Card Program

  GE Capital Retail Bank and La-Z-Boy Continue Furnishing Consumer Credit Card

       Credit Card Program Available at Nearly 780 Locations Nationwide

Business Wire

STAMFORD, Conn. & MONROE, Mich. -- December 20, 2012

GE Capital Retail Bank and La-Z-Boy today announced a five-year extension of
their relationship to provide consumer credit card services through many of
the home furnishings retailer’s 781 U.S. retail locations, including 189
independent La-Z-Boy Furniture Galleries stores, 97 corporate-owned locations,
and 495 independent Comfort Studios nationwide. GE Capital Retail Bank
provides financial solutions to retailers to help grow their customer sales
and will continue to service the account and manage the La-Z-Boy relationship,
which began in 2007.

“La-Z-Boy is pleased to continue working with GE Capital and building on the
program growth we’ve achieved throughout the relationship,” said Doug Collier,
chief marketing officer and president International for La-Z-Boy. “Their
strong approval rates and credit lines enable our customers to complement
their homes and lives with beautiful home furnishings.”

La-Z-Boy has been one of the nation’s leading manufacturers of upholstered
furniture for 85 years. Today, the company offers a full range of products,
including sofas, sectionals, ottomans, and accessories, along with its iconic
recliners. The La-Z-Boy Card is the company’s private label consumer credit
card program in the U.S., providing extended terms and special financing
promotions^*. Customers can apply online or use in-store application kiosks
for secure processing and fast credit decisions.

“GE Capital has nearly eight decades of experience helping businesses build
sales and customer loyalty through special financing solutions, and we are
pleased to continue working with La-Z-Boy on their successful credit card
program,” said Darrell Owens, vice president, Home Furnishings, GE Capital’s
Retail Finance business.

For more than 75 years, GE Capital has helped major retailers and more than
200,000 small- and mid-sized businesses throughout the United States build
consumer financing programs that support business growth and customer
satisfaction. GE Capital is a leading provider of consumer credit in the Home
Furnishings industry for more than 60 years. The company supports its clients
with proprietary online technology such as BusinessCenter, which includes
service, marketing and sales tools, as well as Learning Center, providing
businesses with access to comprehensive training for their teams on financing
for consumers.

*Subject to credit approval and availability

About La-Z-Boy

Headquartered in Monroe, Mich., La-Z-Boy has been one of the world’s leading
residential furniture producers for 85 years. The company manufactures a full
line of comfortable products for the living room and family room, including
the company’s world-famous recliners, reclining sofas and love seats, sleep
sofas, modular furniture and leather upholstery, as well as stationary sofas,
love seats and chairs. It is a division of La-Z-Boy Incorporated (NYSE: LZB),
one of the world’s leading residential furniture producers, marketing
furniture for every room of the home. Live life comfortably^®. More
information can be found at, @lazboycomfort and

About GE Capital's Retail Finance business

GE Capital’s Retail Finance business is among the country’s most successful
retail lenders, with more than 75years of experience in consumer financing.
The business, with its lending entity GE Capital Retail Bank, provides
customized credit programs to retailers and consumers in the United States and
Canada that help drive sales. This includes private label and bankcard credit
programs to major national, regional and independent retailers in the U.S., as
well as private label credit programs, promotional and installment lending,
bankcards and financial services for consumers through dealers; contractors;
manufacturers; healthcare practices; and service providers across nearly 20
industries. We are not just bankers; we help clients build better businesses.
More information can be found at

GE Capital is one of the world’s largest providers of credit. For over one
million businesses, large and small, GE Capital provides financing to
purchase, lease and distribute equipment, as well as capital for real estate
and corporate acquisitions, refinancings and restructurings. For our 100+
million consumer customers, GE Capital offers credit cards, sales finance
programs, home, car and personal loans and credit insurance. For more
information, visitwww.gecapital.comor follow company news via Twitter

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website

©2012 General Electric Company, All rights reserved.


Cristy Williams, 678-518-2596
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