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4-Traders Homepage  >  Shares  >  Nasdaq  >  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.

It 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 generally offer high quality 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 or 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 : 22 200 persons.
Sales per Businesses
20132014Delta
USD (in Million)%USD (in Million)%
Core U.S.2,50880.8%2,41576.5% -3.84%
Acceptance Now502.0416.2%644.8520.4% +22.15%
Mexico58.451.9%72.202.3% +19.05%
Franchising36.201.2%26.080.8% -38.78%
Corporate-----
Sales per Regions
20132014Delta
USD (in Million)%USD (in Million)%
United States3,04698.1%3,07597.4% +0.96%
Mexico47.171.5%72.202.3% +34.67%
Canada11.280.4%10.210.3% -10.47%
Managers
NameAgeSinceTitle
Robert Dale Davis MBA, CPA431993Chief Executive Officer & Director
Mark E. Speese571986Chairman
Guy J. Constant, MBA502014Chief Financial Officer, Treasurer & EVP-Finance
Herman Nell--Chief Information Officer & Senior Vice President
Christi M. Liebe--Chief Technology Officer & Vice President
Michael J. Gade, MBA632005Independent Director
Leonard H. Roberts662006Independent Director
Jeffrey M. Jackson, MBA592007Independent Director
Paula Stern, PhD702008Independent Director
J. V. Lentell761995Independent Director
Shareholders
NameShares%
Fidelity Management & Research Co. 5,500,000 10.4%
Dimensional Fund Advisors LP 4,505,596 8.50%
Wellington Management Co. LLP 4,267,138 8.05%
BlackRock Fund Advisors 3,950,735 7.45%
The Vanguard Group, Inc. 3,374,784 6.36%
Adage Capital Management LP 2,416,551 4.56%
Westwood Management Corp. (Texas) 2,369,368 4.47%
SSgA Funds Management, Inc. 2,079,275 3.92%
Hirzel Capital Management LLC 2,068,338 3.90%
Northern Trust Investments, Inc. 1,874,757 3.54%
Sector
Consumer Cyclicals
Retailers
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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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