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4-Traders Homepage  >  Equities  >  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.

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 : 21 600 persons.
Sales per Businesses
20152016Delta
USD (in Million)%USD (in Million)%
Core U.S.2,37272.3%2,07069.8% -12.74%
Acceptance Now818.3325%817.8127.6% -0.06%
Mexico63.801.9%50.931.7% -20.18%
Franchising24.470.7%24.790.8% +1.3%
Sales per Regions
20152016Delta
USD (in Million)%USD (in Million)%
United States3,21097.9%2,91298.3% -9.29%
Mexico63.801.9%50.931.7% -20.18%
Canada4.880.1%0.7120% -85.41%
Managers
NameAgeSinceTitle
Mark E. Speese591986Chairman & Chief Executive Officer
Joel M. Mussat, MBA452017Chief Operating Officer & Executive Vice President
Maureen B. Short, MBA--CFO, SVP-Finance, Investor Relations & Treasury
Christi M. Liebe--Chief Technology Officer & Vice President
Angela J. Yochem452016Chief Information Officer
Michael J. Gade, MBA652005Independent Director
Leonard H. Roberts682006Independent Director
Jeffrey M. Jackson, MBA612007Independent Director
J. V. Lentell781995Independent Director
Steven L. Pepper542013Independent Director
Equities
Vote QuantityFloatCompany-owned sharesTotal Float
Share A 1 109,566,595 51,809,960 47.3% 56,369,752 51.4% 47.3%
Shareholders
NameEquities%
Engaged Capital LLC 8,983,609 16.9%
The Vanguard Group, Inc. 7,115,980 13.4%
BlackRock Fund Advisors 6,098,692 11.5%
BWM AG 3,174,813 5.97%
Frontier Capital Management Co. LLC 3,174,144 5.97%
Dimensional Fund Advisors LP 2,276,061 4.28%
Brandes Investment Partners LP 2,023,427 3.80%
Nomura Securities Co., Ltd. (Private Banking) 1,925,688 3.62%
SSgA Funds Management, Inc. 1,899,273 3.57%
Charles Schwab Investment Management, Inc. 1,506,379 2.83%
Sector
Consumer Cyclical
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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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