Synchrony And The Good Feet Store Extend Financing Partnership
Portfolio Pulse from Benzinga Newsdesk
Synchrony (NYSE:SYF) has renewed its multi-year partnership with The Good Feet Store, continuing to offer its CareCredit card as a payment option for customers seeking arch support products. The partnership, which began in 2009, has been beneficial, with a 10% increase in average transaction total and a 35% increase in total transactions for The Good Feet Store in 2023. Additionally, 30% of The Good Feet Store's sales were from existing CareCredit cardholders. The partnership aims to provide flexible financing options to customers, contributing to their health and wellness.
January 10, 2024 | 2:11 pm
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Synchrony's renewed partnership with The Good Feet Store is expected to continue driving sales through the CareCredit card, with past performance indicating a positive impact on transaction volumes and average sales.
The renewal of the partnership with The Good Feet Store is likely to have a positive short-term impact on Synchrony's stock price. The historical data provided shows a significant increase in sales and transactions, which suggests that the partnership is beneficial for Synchrony's business. The continuation of this trend can be expected to contribute positively to the company's financial performance, which in turn may be reflected in investor sentiment and the stock price.
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