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Home > Company Index > Diversified Services > Consumer Services > Rainbow Rentals, Inc.
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Rainbow Rentals, Inc. |
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NEWS FROM THE WIRES |
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Rainbow Rentals Q2 earnings down 70 percent Jul 25 2001 05:28 AM PDT
> More WIRE STORIES about this company
PROFILE |
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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 |
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Aaron Rents, Inc. (RNT)
Rent-A-Center, Inc. (RCII)
Rent-Way, Inc. (RWY)
DEALS |
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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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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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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 |
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Wayland J. Russell
CEO
Michael A. Pecchia
CFO
CONTACT INFO |
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3711 Starr Centre Dr.
Canfield, OH 44406
US
Phone: 330-533-5363
Fax: 330-533-4241
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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