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| Trade portal for companies who rent to own furniture, electronics, appliances, custom wheels, jewelry and other home goods. |
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Article
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RTO Magazine (Back to Archive Home) [http://www.rtoonline.com/search/search_small.asp] |
Hot
Rent-A-Center $650 Million Refinance; Repurchase up to 2.2
Million Shares at $60 - $66 per Share
Robert D. Davis
Chief Financial Officer
"The transactions announced today are all part of our effort to
pursue long-term financing opportunities for the Company...more
Reuters
S&P Revises Rent a Center Outlook to Positive
Moody's revises Rent-A-Center outlook to stable
Women in RTO
Adapt and Overcome
By: Samantha Whitten
RTO Online Contributor
Snippet:
...Two days ago I spoke with a man whom I had met once before. When
he asked what I do for a living, I told him that I manage a
rent-to-own store. His eyebrows went up: “You’re the manager?” I
nodded. He leaned toward me with a conspiratorial smile, threw
me a wink and said, “What’d you do to get that job?”...more
'Italian Leather Seating' Agrees to Show in Las Vegas
General Manager Dave Palmer
“We are excited to bring a company like Italian Leather
Seating, with its broad customer base and international scope
into the World Market Center ...more
Furniture Brands International Reports Q1 10.3% Earnings
Drop; Lowers Guidance
W.G. (Mickey) Holliman
Chairman, President and Chief Executive Officer
"... Because of recent concerns about SARS, we have
postponed any travel to the Far East by our operating
company personnel"...more
"Under Promise, Over Perform"
Rent-A-Center Expects to Exceed High End of Current Earnings
Guidance
Mark E. Speese
Chairman and CEO
"Our increased guidance is primarily a result of higher than
anticipated same store sales of 6.2%...more
Maytag Announces Organizational Changes
Ralph F. Hake
Maytag chairman and CEO
"Tom Briatico is a talented and proven executive who brings
a wealth of manufacturing and financial experience...more
Rent-A-Center, Inc. Announces Intention to Offer
$250 Million in Senior Subordinated Notes
The offer of the proposed senior
subordinated notes will be made only by means of an offering
memorandum to qualified investors...more
Legislative Update
RTO
Legislation Introduced In Senate
snippet:
The Banking, Housing, and Urban Affairs committee is made up of
11 Republicans and 10 Democrats. Ex-Chairman, and current
ranking member, Paul Sarbanes threatened to torpedo RTO
legislation during the 107th congress...more
Rainbow Rentals Selects SBC Advertising as Agency of Record
Wayland J. Russell
Chairman and CEO
"We have been on an aggressive track of
building the most productive stores in our industry since we
went public nearly five years ago...more
hot
Aaron Rents publishes Annual Report
Click here for Aaron's
2002 Annual Report (pdf file)
There's No Such Thing As a Voluntary Return
When is the last time you woke up and thought;
"I'm tired of sitting on a comfortable sofa and watching my
big-screen TV, lets rough it. Get the rental company on the
phone babe, I'm returning it all!"...more
Bestway
Stock Soars
Bestway, the smallest of the publicly held RTO
companies, continues to set new highs. BSTW stock soared
27.59% today...more
Whirlpool Reports Q1 in Line with Expectations
Based on current economic conditions, the company
expects full-year shipments to decline 3-to-5 percent from
last year's level...more
Thomson
Recalls 50,000 RCA Home Entertainment Amplifiers
The amplifier can overheat due to a
lack of ventilation, which can cause melting of the plastic
front cover and pose a shock hazard to consumers...more
Christian Pfaff Resigns; Tom Tilley Named New President of
Thomasville
Mickey Holliman
CEO
"Tom Tilley is an outstanding manager with a breadth of
experience in the furniture industry...more
Update 04-17-03: Maytag stock fell 14% after announcement
Maytag Reports Lower Q1 Sales and Earnings
Initiates Restructuring to Reduce Costs by $20 Million
Eliminating about 500 jobs, or 8
percent of our salaried positions...more
hot
RTO Online Introduces our latest contributor -
Shawn Sparks
It's the Relationship Stupid!
The attitude that a past-due-list, which is at best a snapshot,
is a reliable indicator of an individuals overall value as a
customer is RTO version of intellectual laziness...more
Everything You Ever Wanted to Know About Rent a
Center But Were Afraid to Ask
Mark Speese provides detailed glimpse of Rent a Center's
business model
Audio
Mark Speese
Rent a Center CEO
"We believe the industry can add another 6000 plus stores before
it is saturated"...more
Local Rent Way Supporting Citizen Soldiers
Being a 'Citizen Soldier' can place a
significant financial burden on families of reservists called to
active duty. Employees at the Pittsburg, KS. Rent Way are doing
their part to alleviate that hardship...more
Former Remco Store Manager Scheduled to be Executed April
29th
David M. Brewer, former Remco store manager, is
scheduled to be executed by lethal injection for the 1985
rape and murder of Sherry Byrne...more
Digital Video Sales On the Rise
During the first quarter,
factory-to-dealer sales of TV/DVD combinations totaled 241,377
units...more
High Turnover is Just a Cost of Rent to
Own...NOT!
The solution is not more money...it's a commitment to giving associates the
'right tools for the job'...more
RTO ARTS Launches Wall Art service
for the RTO industry
Stefan Rollins
CEO of RTO/ARTS
“We realize most store owners and managers are pressed for time.
We’ve created an offering that makes repair easy, and provides
selling points for each product...more
Whirlpool Declares Dividend
Reelects Three Directors to Board...more
Legislative Update
Rent to Own Legislation Gains Momentum
Brian Perry
Communications Director for Rep. Charles Pickering
Cosponsoring HR996
"[Congressman Pickering] cosponsored HR1634, essentially the
same bill in the 106th congress. We supported HR1701 last
session but did not cosponsor the bill because we were not asked
by supporters or constituents."...more
Aaron Rents Picks DigiTerra to Implement Lawson AR/Billing and Procurements...
Paul Robson
Vice President and Lawson Practice Leader at DigiTerra
"Customers like Aaron Rents can continue to rely on
DigiTerra to provide the services they need to leverage
technology...more
Rent a
Second-Generation Mitsubishi Plasma Display For Only $699.00 per
Week;)
Mitsubishi Digital Electronics America Inc.
introduced its second-generation line-up of plasma displays...more
In Perspective
There are moments when we experience absolute clarity.
Our problems melt into utter insignificance as we realize what
is truly important. It happened when my sons were born. It just
happened again...more
Reminder
Rent a Center conference call scheduled for Tue, April 29
10:45 am Eastern. Follow the link from our
RTO stock page to listen in
hot
PIRG, "We care because you're too stupid"
snippet:
Ralph Nader, the energizer bunny of activism and a man who has
never produced anything in his life except a failed
presidential bid and a bad hairdo, is the founder of PIRG...more
Dmi
Furniture Reports Q2 Increase, Predicts Difficult Q3
Donald D. Dreher
President and Chief Executive
"We are gratified by our success in the first and second fiscal
quarters, however, we believe the third fiscal quarter will be
difficult due to the decline in consumer confidence...more
Legislative Update
5
More Republicans Agree to Co-Sponsor Rent to Own Legislation
5 more Republicans agreed to
co-sponsor HR 996, the Consumer Rental Purchase Agreement Act,
bringing the total co-sponsors to 23 (15 Republican, 8
Democrat)...more
Aaron
Rents Confirms Q1 Guidance
Will Close/Merge Some Sight & Sound Stores
R. Charles Loudermilk, Sr.
Chairman and Chief Executive Officer
"Although our sales and lease ownership business
is exceeding expectations, the retail sales performance of our
Sight & Sound stores remains disappointing...more
Bush Industries Announces Realignment of North American
Furniture Operations
Greg Bush, formerly President of Bush
Furniture, has decided to leave the company to pursue other
endeavors...more
Updated
HR 996
Consumer Rental Purchase Agreement Act
snippet:
The ultimate authority under the proposed
legislation will be the Federal Reserve Board of Governors...more
Maytag Named 'Partner of the Year' by DOE and EPA
Ralph Hake
Chairman and chief executive officer
"We are pleased to be a home appliance partner
with the EPA through the ENERGY STAR program...more
Is That a Payment in Your Pocket or Are You
Just Glad to See Me?
...and other things you should never say
to late accounts
Snippet:
Renewal payment expectations are
meaningless if they are accompanied by a wink and a nod...more
Aaron Rents Awards Thomson 'Vendor of the Year'
For the fourth consecutive year, Thomson was selected by
Aaron Rents as Sales & Lease Vendor of the Year...more
Flash
Rent Way Unveils New Website
A 'quantum leap' in RTO Websites
Roy Griffaw
President
RTO Online
"Rent a Center, Aaron Rents, RTO Enterprises,
Rainbow, and Bestway have just been out-geeked in world class
fashion with a site that was built to be seen AND used. In a
word; stunning"...more
Granite City 'National Rent to Own' Destroyed By Fire
The Granite City National Rent to
Own, owned by Dan Cole, past president of Missouri Rental
Dealers Association, was destroyed by fire on Friday...more
Rainbow Rentals Schedules Q1 Conference Call
Legislative Update
10
More Reps to Co-Sponsors HR996
Consumer Rental Purchase Agreement Act
10 more names have been added
to the list of co-sponsors for HR 996, the Consumer Rental
Purchase Agreement Act...more
'Your Face Will Freeze Like That'
TracFone sponsors "Motherly Wisdom" contest...more
new
Montana Rental Purchase Agreement Act
Factoid:
A consumer may be required to pay all past-due rent payments AND
the next rent payment to reinstate...more
Rent-A-Center Sponsors Fundraising Campaign for Big Brothers
Big Sisters of America
The Company will match
contributions dollar for dollar up to $100,000...more
RTO Gems
of the Internet
It pays to 'Go Deep'
Sometimes you have to dig deep in the search
engines to find a gem. One such Rent to Own Gem, found 45 pages
deep in the search results, is Furniture and Appliances Now, the
Jonesboro Arkansas based Rent to Own company owned by Fred
Pearson and Geron Vail...more
Breaking News
Score One For the Good Guys
Judge denies "class-action" in California
Rent a Center wage case
Mark E. Speese
Chairman and Chief Executive Officer
"The court's ruling is a very favorable
development in this ongoing matter. We believe we are in
compliance with California's wage payment laws and look forward
to defending ourselves with respect to Mr. Burdusis' individual
claims."...more
Rainbow Rentals Annual Shareholders Meeting
The agenda includes election of 6 directors. Current
Directors are below...more
Recommended Reading
Trentonian
No War Tributes on Public Property
What do Rent to Own companies and American troops have in
common...New Jersey hates us both...more
Aaron Rents Annual Shareholders Meeting
Among the agenda items, is a plan to double the number of shares
of the company’s authorized Common Stock from 25,000,000 to
50,000,000...more
Rainbow Rentals 2002 Highlights
Wayland J. Russell
Chairman of the Board, Chief Executive Officer
"We plan to open 75 new stores by mid-2006, and
augment that growth through acquisitions during this time frame.
That represents 70 to 80 percent growth in store fronts over the
next 4 years"...more
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