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4-Traders Homepage  >  Equities  >  Nasdaq  >  Rent-A-Center Inc    RCII

RENT-A-CENTER INC (RCII)
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Business Summary
Provides consumer goods on rental purchase arrangements

Rent-A-Center, Inc. engages in leasing household durable goods to customers on a rent-to-own basis.

The company provides the customers the ownership of products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.

Its stores offer durable products such as major consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that typically allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period.

The company operates its business through the following segments: Core U.S., Acceptance Now, Mexico and Franchising.

The Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico that lease household durable goods to customers on a rent-to-own basis.

The Acceptance Now segment offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within such retailer's locations.

The Mexico segment consists of its company-owned rent-to-own stores in Mexico that lease household durable goods to customers on a rent-to-own basis.

The Franchising segment use Rent-A-Center's, ColorTyme's and RimTyme's trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards.

Rent-A-Center was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.

Number of employees : 18 300 persons.
Sales per Businesses
20162017Delta
USD (in Million)%USD (in Million)%
Core U.S.2,07069.8%1,83567.9% -11.32%
Acceptance Now817.8127.6%797.9929.5% -2.42%
Mexico50.931.7%47.011.7% -7.7%
Franchising24.790.8%22.130.8% -10.73%
Sales per Regions
20162017Delta
USD (in Million)%USD (in Million)%
United States2,91298.3%2,65598.2% -8.82%
Mexico50.931.7%47.011.7% -7.7%
Canada0.7120%0.7160% +0.56%
Managers
NameAgeSinceTitle
Mitchell E. Fadel602017Chief Executive Officer & Director
J. V. Lentell791995Chairman
Maureen B. Short, MBA-2008CFO, SVP-Finance, Investor Relations & Treasury
Christi M. Liebe--Chief Technology Officer & Vice President
Angela J. Yochem462016Chief Information Officer
Michael J. Gade, MBA662005Independent Director
Rishi Garg, MBA402016Independent Director
Christopher B. Hetrick, CFA-2017Director
Jeffrey J. Brown, MBA562017Director
Dawn M. Wolverton--Secretary, VP & Assistant General Counsel
Equities
Vote QuantityFloatCompany-owned sharesTotal Float
Share A 1 109,783,653 51,897,048 47.3% 56,369,752 51.3% 47.3%
Shareholders
NameEquities%
Engaged Capital LLC 8,983,609 16.8%
BlackRock Fund Advisors 6,123,335 11.5%
The Vanguard Group, Inc. 4,390,267 8.22%
Arlington Value Capital LLC 4,078,846 7.64%
Vintage Capital Management LLC 3,186,042 5.96%
Philadelphia Financial Management of San Francisco LLC 3,109,920 5.82%
BWM AG 3,038,018 5.69%
Brandes Investment Partners LP 1,865,343 3.49%
SSgA Funds Management, Inc. 1,860,665 3.48%
VIEX Capital Advisors, LLC 1,826,618 3.42%
Company contact information
Rent-A-Center, Inc.
5501 Headquarters Drive
Plano, TX 75024

Phone : +1.972.801.1100
Web : www.rentacenter.com
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