By Claire Reilly
Retravision is running a competition to promote its finance services with GE Capital Finance, offering consumers the opportunity to win $10,000 if they purchase on interest-free terms.
The Pay Nothing Until 2014 promotion offers consumers 14 months interest free on purchases over $500, financed through GE’s dedicated Gem Visa, GE CreditLine, GO MasterCard and Buyer’s Edge facilities. If consumers make the purchase before 30 November 2012 they will be eligible to enter the draw to win $10,000.
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Retravision is operating on a business as usual basis as plans get under way for the brand to be acquired by the Narta buying group, effective 1 April 2013. While remaining Retravision stores across Australia are still trading under the Retra shingle, the CEO of Retravision Western, Paul Holt, has announced that “it is likely that the Retravision brand will be replaced in all of the Eastern seaboard states”.
Stores affected by this changeover will be taken either into Narta or the Leading Edge Group as of April next year.
It remains unclear what will happen with the transition of customer financing facilities beyond this point. Unlike Retravision, Narta uses HSBC for its finance, while Leading Edge (which operates a web of different branded retailers including Leading Edge Electronics and Leading Edge Computers) operates a product renting service run by OptiKeep Advantage.
While Retravision’s fate will be decided in April 2013, the 14 month interest free period offered as part of this latest $10,000 competition runs until the beginning of 2014 – months after many stores will have moved on.
Retravision is advertising its latest competition through its online site.