Rent-A-Center, Inc.
NASDAQ Global SelectRecent
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ROIC.AI
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- Rent-A-Center, Inc. (RCII) operates as the leading rent-to-own retailer in the United States, leasing brand-name furniture, appliances, consumer electronics, computers, and smartphones through flexible rental purchase agreements that require no credit check and allow customers to own items after completing payments; its offerings include living room sets, sectionals, recliners, dining room furniture, washers, dryers, refrigerators, ranges, dishwashers, flat-screen TVs, gaming consoles, laptops, and tools from manufacturers such as Ashley Furniture, Whirlpool, Samsung, LG, Sony, Dell, and HP, with delivery, setup, service, and repair included at no extra charge. The company conducts its core Rent-A-Center Business through approximately 2,000 company-owned stores in the United States and Puerto Rico, alongside a Mexico segment with over 120 stores, a Preferred Lease segment providing virtual and staffed lease-to-own solutions to third-party retailers via its AcceptanceNOW and integrated platforms, and a Franchising segment through subsidiary Rent-A-Center Franchising International Inc. (formerly ColorTyme Inc.), which supports over 160 independently operated franchise locations in 31 states under Rent-A-Center, ColorTyme, and RimTyme brands focused on wheels-and-tires. Founded in 1986 and headquartered in Plano, Texas, Rent-A-Center serves cash-constrained consumers seeking access to quality household durables without long-term commitments or upfront purchases, primarily across the United States, Puerto Rico, Mexico, and through national retail partnerships. Recent developments include the March 2024 national launch of the RAC Exchange program, enabling eligible customers to exchange rented products for new qualifying items within the first six months to enhance retention and flexibility; in 2024, the company divested a portfolio of rent-to-own stores in New York and New Jersey to Directional Capital's Purple Apple entity, allowing focus on core operations amid portfolio optimization.
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Rent-A-Center (RCII) Q4 Earnings Top Estimates, Sales Decline
Rent-A-Center, Inc. (RCII) Q4 2022 Earnings Call Transcript
Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results
Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results
Rebranded Rent-A-Center Sees BNPL as Complimentary to Long-Term Growth
Rent-A-Center, Inc. Is Now Upbound Group, Inc., Advancing Its Mission to Elevate Financial Opportunity for All
Rent-A-Center, Inc. Is Now Upbound Group, Inc., Advancing Its Mission to Elevate Financial Opportunity for All
Rent-A-Center, Inc. Announces Timing of Fourth Quarter and Full-Year 2022 Financial Results
Rent-A-Center, Inc. Announces Timing of Fourth Quarter and Full-Year 2022 Financial Results
Rent-A-Center & Acima Raise Nearly $190,000 for Hunger Relief Across U.S.
Rent-A-Center Opens Store in Lincoln, Nebraska
Rent-A-Center Opens Store in Lincoln, Nebraska
Rent-A-Center Donates $100,000 to the American Red Cross
Rent-A-Center Donates $100,000 to the American Red Cross
Rent-A-Center: A Compelling Value Case With Strong Free Cash Flow
Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the First Quarter of 2023
Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the First Quarter of 2023
Rent-A-Center opens store in Queens, New York