HSBC Retail Services Extends Retail Credit Agreement with Storehouse Furniture

In addition to providing Storehouse customers with a moreconvenient way to pay for their furniture purchases, the Storehousecredit card offers cardholders additional buying power and customizedfinancing options. Cardholders also receive advanced notice of salesand special in-store events.

"We are delighted to continue our 15-year relationship withStorehouse," said Richard Klesse, managing director of clientrelations for HSBC's retail services business. "Our goal has alwaysbeen to leverage our furniture industry expertise so that we canprovide Storehouse with strong marketing promotions and innovativefinancing solutions that will attract new customers and enhanceexisting customer relationships."

"Working with HSBC has assisted us in making good designaccessible for our customers," said Caroline Hipple, president ofStorehouse. "Through easy and affordable financing options, we areable to provide our customers with creative solutions to make theirhome furnishing dreams come true. We are excited to continue ourstrong partnership with HSBC."

About Storehouse

Storehouse Inc. offers a sophisticated and eclectic blend ofunique furnishings that offer all the elements of home decor. Thespecialty home furnishings retailer is known for its distinctivecollection of upholstery, dining, bedroom and home office furniturewith style ranging from contemporary to classic. Through its homefurnishings catalog, web and more than 60 stores located in upscalevillage centers throughout the Southeast, the Mid Atlantic and Texas,Storehouse is available nationwide. A subsidiary of The RoweCompanies, Storehouse is based in Atlanta with distribution centers inAtlanta, Houston and Laurel, MD.

About HSBC Retail Services

HSBC Retail Services is a leading issuer of private label(merchant branded) credit cards in the United States. This businessprovides flexible, customized credit card solutions for many of theworld's premier retailers and manufacturers and has more than 60active merchant relationships. For more information, visitwww.hsbcretailservices.com.

About HSBC - North America

HSBC - North America (NYSE:HBC) comprises all of HSBC's U.S. andCanadian businesses, including the former Household Internationalbusinesses. The company's businesses serve nearly 60 million customersin five key areas: personal financial services, consumer finance,commercial banking, private banking and corporate investment bankingand markets. Financial products and services are offered under theHSBC, HFC and Beneficial brands. For more information, visitwww.hsbcusa.com.