| Business Summary | | Rent-A-Center,
Inc.
is
an
operator
in
the
United
States
rent-to-own
industry.
As
of
December
31,
2000,
Rent-A-Center
operated
2,158
Company-owned
stores
in
50
states,
the
District
of
Columbia
and
Puerto
Rico.
Its
subsidiary,
ColorTyme,
Inc.,
is
a
national
franchisor
of
rent-to-own
stores.
As
of
December
31,
2000,
ColorTyme
operated
364
stores
in
42
states,
352
of
which
operate
under
the
ColorTyme
name
and
12
stores
that
operate
under
the
Rent-A-Center
name.
The
Company's
stores
offer
products
such
as
home
electronics,
appliances,
computers
and
furniture
and
accessories
under
flexible
rental
purchase
agreements
that
allow
the
customer
to
obtain
ownership
of
the
merchandise
at
the
conclusion
of
an
agreed-upon
rental
period. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rent-A-Center
operates
2,158
Company-owned
stores,
as
of
12/00,
providing
home
electronics,
appliances,
furniture
and
accessories.
The
Company
also
is
a
franchisor
of
364
rent-to-own
stores
though
its
ColorTyme,
Inc.
subsidiary.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$882.5
million.
Net
income
applicable
to
Common
fell
14%
to
$43.2
million.
Results
reflect
increased
number
of
units
for
rent,
offset
by
the
absence
of
a
litigation
settlement. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. Ernest Talley, 66 Chairman,
CEO | $500K | -- | Mitchell Fadel, 43 Pres,
Director | 392K | -- | Mark Speese, 43 Vice
Chairman | -- | -- | Robert Davis, 29 CFO,
Sr. VP-Fin., Treasurer | -- | -- | Dana Goble, 35 Exec.
VP, COO | 250K | $380K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|