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Home > Company Index > Diversified Services > Consumer Services > Rainbow Rentals, Inc.

Rainbow Rentals, Inc.
Nasdaq: RBOW
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 NEWS FROM THE WIRES
Rainbow Rentals Q2 earnings down 70 percent
Jul 25 2001 05:28 AM PDT

More WIRE STORIES about this company

 PROFILE
Rainbow Rentals knows that weekly and monthly payments can add up to a pot of gold. The company operates more than 100 rent-to-own stores in 11 eastern states. Customers -- generally with poor or limited credit histories -- can rent home electronics, furniture, appliances, and computers from Rainbow, and they have an option to buy the merchandise, usually after making rental payments for 12 to 24 months. Rainbow lures customers with such nuggets as free maintenance, free delivery, and no long-term commitments. The company is growing through new store openings and acquisitions. Co-founder, chairman, and CEO Wayland Russell owns 42% of Rainbow.

 COMPETITION
Aaron Rents, Inc. (RNT)
Rent-A-Center, Inc. (RCII)
Rent-Way, Inc. (RWY)

 DEALS
Deal: Rainbow Rentals Partners With NetZero
Date Announced: 08.07.00
Value of transaction (US $Mil): 0
Description: Rent-to-buy store chain will offer free ISP service on rented computers.

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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 91.90
1-Yr. Sales Growth: 13.6%
Employees: 900
Revenue per employee: $102,111.11

 KEY PEOPLE
• Wayland J. Russell
    CEO
• Michael A. Pecchia
    CFO

 CONTACT INFO
3711 Starr Centre Dr.
Canfield, OH 44406
US
Phone: 330-533-5363
Fax: 330-533-4241
Online: Web Site

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