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Rent-A-Center (RAC) wants its customers to rent while it buys. The firm became the #1 rent-to-own chain nationwide through a string of acquisitions. It owns and operates more than 3,000 stores in North America and Puerto Rico under the Rent-A-Center, Get It Now, and Home Choice names, and franchises some 220 through subsidiary ColorTyme. The stores rent name-brand home electronics, furniture, accessories, appliances, and computers. While customers have the option to eventually own their rented items, only about 25% ever do. RAC also offers financial services, including loans, check cashing and money transfer services, and tax preparation, to its customers in some 350 stores. Lately, it's been closing stores.
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| | | Contact Information | |
Address: |
5501 Headquarters Dr.
Plano, TX 75024-3556
| | Phone: | 972-801-1100 | | Fax: | 866-260-1424 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 2884.20 M | | Revenue Growth (1 yr): | (-0.80%) | | Employees (2008): | 17,900 | | Employee Growth (1 yr): | (-3.80%) |
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Key People
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Chairman and CEO:
Mark E. Speese
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President, COO, and Director:
Mitchell E. Fadel
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EVP Finance, CFO, and Treasurer:
Robert D. Davis
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