Rent-A-Center

Rent-A-Center, Inc.
Company typePublic
Nasdaq: UPBD
S&P 600 component
IndustryHome furnishings
Rent-to-own
Founded1973; 51 years ago (1973)
1986 (1986) (incorporated)
Wichita, Kansas, U.S.
Headquarters
Plano, Texas
,
U.S.
Key people
Mitchell Fadel (CEO)
Fahmi Karam (CFO)
Ann Davids (CMO, CCO)
Sudeep Gautam (CTO, CDO)
[1]
ProductsProvides furniture, electronics, computers and household appliances available under rent-to-own agreements
RevenueIncreaseUS$4.16 billion (2024)[2]
IncreaseUS$193 million (2019)[2]
IncreaseUS$125 million (2019)[2]
Total assetsIncreaseUS$2.62 billion (2024)[2]
Total equityIncreaseUS$459 million (2019)[2]
Number of employees
14,500 (2020)
SubsidiariesRent-A-Center Franchising International
Websiterentacenter.com

Rent-A-Center is an American public furniture and electronics rent-to-own company based in Plano, Texas.[3] The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count.[4][3]

Rent-A-Center's operations include 24 retail installment stores called Get It Now (based in Wisconsin);[5] 17 Home Choice stores in Minnesota. Its subsidiary, Rent-A-Center Franchising International Inc. (RACFI), formerly known as ColorTyme Inc., is America's first franchisor of independently owned-and-operated rent-to-own stores. Its franchisees operate 162 rent-to-own stores in 31 states under the Rent-A-Center and ColorTyme brand names, and the company's wheels-and-tires franchise brand, RimTyme, operates 31 stores in 13 states.[3][6][7]

In 2014, Fortune Magazine listed Rent-A-Center at number 711 on the Fortune 1000 list of the largest U.S. corporations, based on revenues alone.[8]

On December. 28 their name changed

  1. ^ "Rent-A-Center Executive Officers". Retrieved 15 September 2010.
  2. ^ a b c d e "Rent-A-Center, Inc. (RCII)". Yahoo Finance.
  3. ^ a b c "Rent-A-Center Profile". Reuters. 10 August 2010. Archived from the original on 4 May 2009. Retrieved 10 August 2010.
  4. ^ "Rent-A-Center Employees". Archived from the original on 5 October 2007. Retrieved 15 September 2010.
  5. ^ "About Get It Now". Archived from the original on 15 August 2013. Retrieved 24 October 2014.
  6. ^ "Company Overview". 10 August 2010. Archived from the original on 24 January 2010. Retrieved 10 August 2010.
  7. ^ "BUYINS.NET: XOM, GCI, HOLX, EXXI, RCII, PCBC Expected To Be Lower After Earnings Releases on Monday" (Press release). M2 PressWIRE. 29 January 2010.
  8. ^ Caitlin Dempsay (14 August 2014). "Fortune 1000 Companies List for 2014". GeoLounge. Retrieved 24 October 2014.