American Signature, Inc. Selects Progressive Leasing as Exclusive Lease-to-Own Partner
12 August 2024 - 12:00PM
Business Wire
Progressive Leasing chosen to provide
omnichannel lease-to-own experience for American Signature
Furniture and Value City Furniture
Progressive Leasing, a leading provider of e-commerce,
app-based, and in-store lease-to-own solutions owned by fintech
holding company PROG Holdings, Inc. (NYSE: PRG), today announced an
agreement to power lease-to-own payment solutions for American
Signature, Inc., owner of American Signature Furniture and Value
City Furniture. As one of the nation’s largest home furnishing
retailers, American Signature owns and operates over 120 stores
nationwide.
“We chose to partner with Progressive Leasing because of their
industry-leading customer and partner support, in addition to
helping us serve more customers across our American Signature and
Value City Furniture stores,” said Eric Jackson, CFO of American
Signature Inc. “As the leader in the virtual lease-to-own space,
Progressive Leasing provides transparent and flexible lease
purchase options—empowering our customers to obtain the
well-furnished life we believe everyone deserves.”
Beginning in the fourth quarter of this year, American Signature
customers will be able to take advantage of Progressive Leasing’s
flexible lease-to-own payment options, both in-store and via the
online checkout process.
“Consumers increasingly expect not only a variety of payment
choices, but a seamless payment experience,” said PROG Holdings
President and Chief Executive Officer, Steve Michaels. "We’re
excited to partner with American Signature to upgrade their
lease-to-own program to help support their business goals while
simultaneously providing their customers with exceptional
service.”
American Signature, Inc. customers will also benefit from
Progressive Leasing’s award-winning customer service. The company
was recently honored as a Silver Stevie® Award Winner for its focus
on high customer satisfaction, customer service excellence, and
superior employee engagement.
About American Signature Inc.
Founded in 1948, American Signature, Inc., is a family-owned and
operated furniture retailer based in Columbus, Ohio. It is the
parent company of Value City Furniture and American Signature
Furniture, with 123 stores in 17 states across the U.S. and employs
more than 3200 team members. The business believes everyone has the
right to a well-furnished life and is known for designer furniture
at incredible prices. For more information, please visit
www.valuecityfurniture.com.
About Progressive Leasing
Progressive Leasing is a leading provider of in-store,
e-commerce, and app-based point-of-sale lease-to-own solutions that
provide transparent and competitive payment options and flexible
terms intended to help credit-challenged customers achieve
merchandise ownership. The company has helped millions of consumers
acquire furniture, appliances, jewelry, electronics, mattresses,
cell phones, and other products consumers need by utilizing a
technology-based proprietary platform that provides instant
decisioning results. Progressive Leasing is owned by PROG Holdings,
Inc. (NYSE: PRG), a fintech holding company based in Salt Lake
City, Utah. More information on Progressive Leasing can be found on
the company’s website: https://progleasing.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240812835656/en/
Andrew Watson media@progleasing.com
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