During the first quarter of 2007, the company added financialservices to 29 existing rent-to-own store locations, ending thequarter with a total of 177 stores providing these services. Thatnumber will accelerate with the completion of the Rent-Wayacquisition.
"We had said we were going to slow down the growth of ourfinancial services business in January and February, as weconsolidated the Rent-Way acquisition, and to strengthen ourbench," said Mark E. Speese, chairman and CEO. "We will add 200financial services offices in this fiscal year."
Rent-A-Center acquired Rent-Way in November, and the company hassince closed 20% of Rent-Way's 782 stores. Future closures will nowbe a part of regular operations.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
