Rent-A-Center, Inc. · Plano, TX United States ·(NASDAQ (GS): RCII)
Company Description
Phone: 972-801-1100
Fax: 866-260-1424
Toll Free: 800-422-8186
Rankings
- S&P 400
View Rent-A-Center, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window 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. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Rent-A-Center, Inc. Financials
| Company Type | Public - NASDAQ (GS): RCII Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,884.2 |
| 2008 Employees | 17,900 |
Rent-A-Center, Inc. Executives
48 executives listed for Rent-A-Center, Inc.'s Plano, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Mark Speese | Network |
| President, COO, and Director | Mitchell Fadel | Network |
| EVP Finance, CFO, and Treasurer | Robert Davis | Network |
Competition
Competitive Landscape for Rent-A-Center, Inc.
Demand for aftermarket parts is driven by the age and mileage of vehicles in use and generally increases when fewer new cars are sold and older cars are kept on the road longer. The profitability of individual companies depends largely on inventory management and marketing. Large companies have economies of scale in purchasing and distribution. Small companies can compete effectively by carrying specialized parts or providing extra services such as machining or fast delivery. Average annual revenue per employee for wholesalers is about $535,000, meaning the segment is capital-intensive. Average annual revenue for retailers is about $120,000, meaning the segment is labor-intensive. To read the full description, subscribe now.Top Rent-A-Center, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!