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Home > Company Index > Retail > Consumer Electronics Retailing > Rent-A-Center, Inc.
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Rent-A-Center, Inc. |
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NEWS FROM THE WIRES |
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Rent-A-Center plunges on reduced profit view Jul 31 2001 11:16 AM PDT
Softbank sees no major costs from ADSL delay-paper Jul 30 2001 05:24 PM PDT
Rent-A-Center says Q2 profits up, match estimates Jul 30 2001 04:50 PM PDT
> More WIRE STORIES about this company
PROFILE |
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Rent-A-Center wants customers to rent, but its own strategy is to buy. Rent-A-Center (formerly Renters Choice) became the #1 operator of rent-to-own stores in the US through a long string of acquisitions. Nationwide, the company owns and operates more than 2,100 stores and franchises an additional 360 through subsidiary ColorTyme. The stores rent name-brand home electronics (accounting for 40% of sales), furniture and accessories, appliances, and computers; they also offer Internet access. Customers can take ownership of the products after a specified number of payments, but only about 25% of Rent-A-Center's customers actually buy its merchandise. Apollo, a Los Angeles investment group, owns about 29% of the company.
COMPETITION |
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Aaron Rents, Inc. (RNT)
Best Buy Co., Inc. (BBY)
Rent-Way, Inc. (RWY)
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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.): 1,601.60
1-Yr. Sales Growth: 13.0%
Employees: 12,554
Revenue per employee: $127,576.87
KEY PEOPLE |
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J. Ernest Talley
CEO
Robert D. Davis
CFO
CONTACT INFO |
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5700 Tennyson Pkwy., 3rd Fl.
Plano, TX 75024
US
Phone: 972-801-1100
Fax: 972-943-0113
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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