On Monday, Shares of Synchrony Financial (NYSE:SYF), lost -2.12% to $31.35.
CareCredit, a leading provider of patient financing, and National Vision Inc. (NVI), one of the largest optical retailers in the United States, recently declared the expansion of their existing patient financing agreement across the NVI family of brands. The multi-year agreement extends the availability of the CareCredit health, wellness and beauty credit card at select NVI retail locations nationwide.
NVI and CareCredit have worked together since 2009, and the expanded agreement represents a five-fold improvement in the number of locations where CareCredit will be available.
“We know that cost and the availability of financing options are important factors consumers take into consideration when making decisions about healthcare needs and vision care,” said Greg Pierce, senior vice president, CareCredit. “We are happy to extend our agreement with NVI, providing greater access and flexibility for their customers who seek financing solutions for their vision care needs.”
*The Consumers’ Path to Healthcare Purchases Study was conducted in Q3 2014 by Rothstein Tauber, Inc., on behalf of CareCredit, and comprised an online survey of nearly 2,000 consumers who had made an elective healthcare purchase in the past 12 months, or who were likely to make an elective healthcare purchase in the next 12 months.
For nearly 30 years, CareCredit, from Synchrony Financial, (NYSE: SYF) has assisted millions of patients receive needed and desired care. CareCredit is a health, wellness and beauty credit card that can be used as a financing option for certain expenses not covered by insurance or to bridge payment when desired care exceeds insurance coverage.
Shares of Nordstrom, Inc (NYSE:JWN), declined -1.12% to $56.44, during its last trading session.
Stop hunting for the perfect shoe in the perfect color in the perfect size. Now you can just order it on-demand from Shoes of Prey, according to bizjournals
The 6-year-old startup offers customized fashion footwear on its website and in a handful of Nordstrom stores. Now the company, which was founded in Australia but since has moved its headquarters to Silicon Beach, has raised $15.5 million and extended its partnership with Nordstrom to the retailer’s website.
Shoes of Prey enables users to design their own shoes with trillions of combinations of style, heel height, material, color, size and width. Since the company’s founding in 2009, women have designed more than 5 million shoes on the site.
The company will use its Series B funding, led by Australian VC Blue Sky Venture Capital, to grow its omni-channel operations in the United States, improvement production at its Chinese factory and expand into new product lines, starting with handbags. Greycroft and Nordstrom also came on board as new equity partners, with previous investor Khosla Ventures increasing its investment. Shoes of Prey has raised a total of $24.6 million and is experiencing 120 percent annual growth.
“You can look at Shoes of Prey as either a logistics and manufacturing business that has solved a fashion problem, or a fashion company that has solved a logistics and manufacturing problem,” Blue Sky investment director Elaine Stead said in a statement. “Either way, both markets are ripe for disruption.” Bizjournals Report
On the other news report, Nordstrom is turning out to be quite the tech investor, according to fortune
The luxury department store chain is part of a syndicate of investors that has pumped in $15.5 million in a new financing round in Shoes of Prey, the venture capital-backed retailer said on Monday.
Australia-based Shoes of Prey sells customizable women’s shoes in a range of materials and designs online, counting Nordstrom.com and in select stores, counting six Nordstrom stores. The round Nordstrom took part in was Shoes of Prey’s largest so far and was led by BlueSky Venture Capital. Shoes of Prey has so far raised $24.6 million, counting an earlier round, and said customers have designed 5 million pairs of shoes since it launched in 2009.
Nordstrom-as-venture-capitalist may seem an odd concept at first blush. But the retailer has emerged as something of a player in retail tech M&A in recent years, certainly much more than its peers. (Macy’s M is getting in on the action, having bought Blue Mercury for $210 million earlier this year.) Fortune Report
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit.