 Premier Rental Purchase Sets 2007 Convention For Miami
"Premier has experienced tremendous growth in the past year.
Our annual convention is a key factor in managing that
growth." - Trooper Earle, President of Premier Rental
Purchase...more |
|
STRANGE
Laundromat Love; Whirlpool To Host Laundry
Social Events for Singles - Company Claims 'Washer vs. Folder'
Preference May Predict Future Compatibility
Whirlpool says the "Spin Cycle" singles mixer events will feature laundry-related
games, such as a "Find Your Sole Mate" that matches couples
based on socks, and a "Laundry Olympics" with prizes for people
who can perform timed chores, such as folding bed sheets --
blindfolded...more
|
Bogus Check Casher Gets Two Years
According to R. Alexander Acosta, United States Attorney for
the Southern District of Florida, Melvin Webman and others
duped investors out of $3 million to support CheckMate's
mobile check cashing operation...more |
update
Australian RTO Operator Radio Rentals Battles Union
"Radio Rentals is an iconic business in this state. It’s
where most Adelaide people got their first television." -
Janet Giles, South Australia Unions secretary...more |
Rent Way Board Unanimously Recommends Stockholder Approval Of Rent-A-Center Merger
In a letter mailed to shareholders, Rent Way's board of
directors unanimously recommended approval of the company's
merger with Rent-A-Center...more |
|
CEA Commends Sony, Apple For Using Caution; Apple Recalling
1.9 Million Li-ion Batteries
"It's important to keep in mind that Li-ion technology is
not inherently unsafe. The circumstances that have
necessitated this week's recalls are a result of
manufacturing issues." - Gary Shapiro, President and CEO,
CEA...more |
|
What Is
An Acceptable Level Of Charge-Offs
"I encourage RTO companies to reconsider "acceptable loss."
Is a cabinet with
3-drawers of charge-offs for the past 3-5 years all acceptable
loss?" - Dan Jobrack, Business Development
Director for Fidelity National Credit Services,
Ltd...more |
 convention coverage
Podcast; RentDirect Wraps - Interviews With 10 Key Rent to Own
Industry Company Executives, Suppliers
RTO Online recorded podcasts with key Rent to Own Company
executives and suppliers Tuesday; Bart Stamper - Premier Rents
franchisee, Anthony Salemi - Frigidaire, Dan Companion, Home,
Tom Murphy - Motivated Marketing, Bill Lassiter - Lynnray
Financial, Bill Bazemore - Executive Director of Furniture
Smart, Wayne Harris - Sandberg Furniture, Dan Cole, President of
National Rent-to-Own, Jeff White - Rent One, Bryan Collins -
Bryce Co. Jewelry and Dennis Fairbanks - High Touch. Listen to
all of today's podcasts by clicking play next to the selected
dealer or vendor...more |
|
 convention coverage
Podcast; Interviews With Seven Key
Rent to Own
Industry Suppliers
RTO Online recorded
podcasts with seven key suppliers during the RentDirect
Nationwide Buying show Monday; Al Benson, Central File Marketing, Brown Councill, Baseline Licensing Group, Dennis
Rosen, Florida State Games, Ellison
Crider, RSSS, Kevin
Leary, RIMCO, Mike
Bertolani, SED International and Tim Moore, DSI. Listen
to all of today's podcasts...more
|
 convention coverage
Nationwide RentDirect Buying Group Records Record
Attendance; buying Show Kicks Off Today
Year-to-date sales of LCD televisions have increased 144%
over last year and plasma sets are pacing ahead of last
year’s figures by 112%...more |
 convention coverage
Podcast; Interview with James MacAlpine,
Executive Director of RentDirect; The Changing Face of
Rent-to-Own
In an exclusive interview with RTO Online, MacAlpine spoke of
RentDirect’s unique benefits, the group’s phenomenal growth, and
what programs will be announced at the meeting, being held
through Tuesday at the Venetian Hotel and Resort in Las Vegas,
Nevada...more |
 Ohio
Rent-2-Own Clothing Drive Draws Huge Crowd
Employees at the Ironton, Ohio store spent weeks handing out
flyers, advertising the drive in the local newspaper and
calling local leaders to encourage donations...more |
Payday Operator Quick Cash Hit With $500,000 in Back Wages
to 900 Workers
The Fair Labor Standards Act requires employees to be paid
at least the federal minimum wage of $5.15 per hour for all
hours worked and time and one-half their regular rate of pay
for hours worked more than 40 in a week...more
|
 Aaron's To Introduce RIMCO Franchise At Nationwide PrimeTime
Buying Show; Proven Aaron’s model to penetrate $3.9 billion retail market
"We’re excited about presenting our unique franchise
opportunity to this important audience." -
Kevin Leary, Director of franchise
development and operations, Rimco Sales & Lease Ownership...more |
|
 Reutimann Wins Seat In Dream Machine
"David has proven himself to be quite the
competitor. Aaron's fully supports his chase for the truck
series championship and hopes his time behind the wheel of
the No. 99 will help him achieve that goal." - Ken Butler,
President, Aaron's Sales and Lease Ownership...more |
Rent One Acquires Six Arkansas Stores From
Staton's
"Acquiring
experienced employees gives us a huge head start in terms of
training and helps new employees blend into the 'Rent-One
culture'." - Kris Lowe, Human Resource Manager, Rent One...more |
RentDirect PrimeTime Market Planner
Choose the companies you want to visit at the show. Click the
button and a complete market guide with contact info, booth
numbers and space for your notes is compiled for easy printing...more
|
Payday Lender Check 'N Go Faces License Revocation, Fines
For Collecting Multiple Checks To Cover Single Loans
Washington's payday lending laws allow a maximum one-time
fee of up to $25 for an unpaid check on a single payday loan...more |
|
 Becks Hometown Rental Converts To ColorTyme; Plans Multiple
Openings
Bruce Beck started his career in RTO in 1982 and then bought
his first store from a locally owned RTO company in 1985.
Since then, he’s had as many as four stores and feels it’s
time to expand his presence in Seattle again...more
|
 Baseline
Licensing Joins RentDirect; Will Attend Upcoming PrimeTime
Buying Show
"We are honored to have become a Nationwide vendor and look
forward to meeting everyone at the upcoming Primetime by
Nationwide show in Las Vegas!" - Brown Councill, RTO Sales,
Baseline Licensing Group...more |
Trading Halted On UK Rental Company Homebuy; Company Seeking
Additional Funding
The Board was informed by the bankers on the late afternoon
of Wednesday 9 August that the Group’s temporary bank lines
would be capped at then current drawn levels...more |
La-Z-Boy Elects Johnston Chairman
"With his depth of knowledge of our company, we have great
confidence in his ability to work in tandem with management
in navigating the changing industry landscape." - Kurt L.
Darrow, President and CEO, La-Z-Boy...more |
Prediction; Sony Will Overcome Microsoft's 12 Month Head
Start To Dominate Game Consoles
"As a result of higher console prices, overall unit sales
will lag the previous generation of consoles (i.e., PS2,
Xbox and GameCube). " ...Yankee Group...more |
 RTO
Online To Podcast From RentDirect Primetime; Interviews,
Market Updates
Podcast audio will include RTO dealer interviews, Market
updates, Vendor interviews and new product introduction
updates from key vendors...more |
Marketing; New Study Claims Second Generation Hispanics
Prefer English
While traditionally Spanish-language advertising was used to
reach Hispanics, new data indicate second- and
third-generation Hispanics tend to favor English...more |
 Aaron's
Pontiac Cracks Up On Lap 160 At Peach State; Ken Butler III
Prepares For Madison
"The throttle hung wide open. The car just kept driving and
driving and there was nothing I could do. I slammed into
Dange Hanniford and drove through the back of his car into
the wall at full speed. I was just along for the ride." -
Andrew Rogers, driver of the Aaron’s Rents/Termidor Pontiac
Grand Prix...more |
 RTO
Fixers Partner To Open Indiana Premier Rental Purchase
"Business ownership is far less stressful than being a
regional manager for a large organization." - Paul Bottomley,
Premier Rental Purchase Franchisee...more |
|
Legislative; Study Claims Term Limits At Heart Of Uncivil
Legislatures
New legislators who aren't intimately familiar with the
substance of bills are more likely to choose politics over
policy debates...more |
 Rent-2-Own Employees Hatch Clothing Drive
"It's good to help your neighbor out from time to time. Now
is the right time." - Anette brown, CSR, Ironton, Ohio Rent-2-Own...more |
US Representative Issa To Keynote EHX 2006; Will Provide
Business Tips and Insights on Political Trends
Issa is a former Chairman of the Consumer Electronics
Association and founder of Directed Electronics, a leading
manufacturer of automobile security and convenience products...more |
Survey; High Gas Prices Affect Summer Spending; May Bleed
Over To Fall
These survey results show that while most Americans haven't
changed their vacation plans because of rising gas prices, a
substantial proportion , 30%, have been compelled to alter
vacation activities...more |
 ColorTyme's Johnny Chastain Takes Second At Cleveland
Speedway Between Storms
"Although the area needs rain, it needs to rain sometime
other than Friday and Saturday nights." - Johnny Chastain, Driver, ColorTyme #00 GTO...more |
|
update
Dell Recalls 4 Million Notebook Batteries
Dell sold or provided these batteries with the notebook
computers, as part of a service replacement, and as
individual units from April 1, 2004, through July 18, 2006...more |
Labor Market Slowing; Help-Wanted Ads Decrease In July
"While some of the decline in the number of first-time new
ads in July is due to the slowdown during the July 4th
holiday, the growth in the number of new ads has slowed over
the last several months. This only adds to the mounting
evidence that the U.S. labor market is slowing." - Gad
Levanon, Economist, The Conference Board...more |
Mobile Phone Shipments Reach 67 Million Units First Half Of
2006
"There was a small, seasonal drop during the first half of
this year, compared to the second half of last year. But
this is to be expected, since holiday purchasing accounts
for higher mobile phones sales during the latter part of
every year." - Neil Strother, Research Director for Mobile
Devices, The NPD Group...more |
 DSI Expands Product
Line; Releases
New Catalog
DSI has mailed nearly 30,000 catalogs to independent nationwide
retailers, which will begin to appear in mailboxes in the
coming week...more |
Hitachi Launches Brand Building Campaign
Hitachi's "Power Unleashed" Plasma HDTV advertising campaign
was designed to increase brand awareness. The campaign will
run nationally between August 2006 and February 2007...more |
Factory To Dealer Electronics Shipments Up 8% From 2005
"Replacement and upgrade purchases continue to drive the
display market while prices continue to fall. As consumers
prepare for the transition to digital television, we will
see more of the shipment volumes move to digital displays as
analog sets' days are increasingly numbered." - Sean Wargo,
Director of Industry Analysis, Consumer electronics
Association...more |
 Las Vegas Furniture Market Summary; Attendance Down, Orders
Up
Despite reports of attendance being off slightly from
January due to the soft retail economy, exhibitors reported
larger orders from buyers...more |
 Fidelity National Credit Services Offers
Dedicated Rent to Own And Payday Advance Collection Services
"Our
collectors come from the Rent to Own and Payday Advance
industries where their success as operators insures their
success as collection agents." - Dan Jobrack, National Director of Business Development,
Fidelity National Credit Services, Ltd...more |
Cash Now Integrates Sub Prime Database
"The payday loan business is booming. The number of outlets
now offering the sub prime low-dollar, super-quick loans has
doubled to over 20,000 in the last four years." - Kevin
Price, CEO, Cash Now...more |
 Whirlpool Takes Corporate Citizenship To New Level
Whirlpool is one of Habitat for Humanity International’s
largest corporate sponsors and has donated a refrigerator
and range to every new Habitat for Humanity home built in
North America since 1999. Whirlpool plans to support every
new Habitat home built globally by 2011, either through
product donations, cash or home sponsorship...more |
 Tailored Programs For RTO By Welton USA
Welton USA wants to be known as a “value-added” supplier to
the rental industry. President Steve Sherman has been
connected to the RTO business for more than 22 years and
understands that rental stores have specific requirements
for merchandise...more |
|
New Jersey
Supremes Rule Against Class Action Waivers In Binding
Arbitration Clause
Binding Arbitration Agreements in rent-to-own and payday
loan contracts are all the rage. The New Jersey decision
upholds arbitration agreements, but strikes down the
class-wide clause of the agreement...more
|
 Protecting Rent to Own Inventory And Employees
Lots of folks in the rental industry tell stories about
Ernie Talley. But you know you’re with a real veteran when
that story involves the day when Ernie Talley owned a
six-store chain. “I guess you can say I’ve been around the
RTO business awhile, since Ernie was one of my first
customers,” said Tammy Williams, Vice President of Sales for
United Distributors...more |
 Baseline To Show New Sports Lifestyle Line At Tupelo
"Sports Home Lifestyle furniture will significantly expand a
rent to own company's customer base." - Brown Councill, RTO
Sales, Baseline Licensing Group...more |
Rent-A-Center Settles California Suit For $4.95 Million
The $4.95 million includes plaintiffs' attorneys' fees and
will be distributed to approximately 6,000 people...more |
Aarons Names Atlanta Architect To Board of
Directors
Among his other major projects are the Embarcadero Center in San Francisco, Marina
Square in Singapore and Shanghai Centre in China, all
incorporating art as an integral element. He not only
supports the arts and collects art, but he is also a painter
and sculptor...more
|
 RTO Expo Wraps; Listen To Audio Interview With Mike Tissot,
Countryside Rentals
The wide ranging interview covered topics such as the effect
of training on collections, to the POSITIVE effect of high
energy prices on the rent to own industry. Listen to the
audio interview with Mike Tissot here...more |
|
Canadian RTO Operator easyhome Reports Same Store Sales
Increase; New Store Drag Hits Profit
"While our potential monthly lease revenue has increased
14.7%, electronics grew only 4.6%. We believe the new models
arriving will stimulate demand for the fall and Christmas
periods." - David Ingram, President and CEO, easyhome...more |
 RTO Pictures Expands NASCAR Product Line; To Introduce New
Line At Tupelo
"NASCAR continues to grow as RTO Pictures’ best selling
product line. RTO Pictures will be exhibiting
it's new fall line at the Tupelo Furniture Show, at Booth number
3165, Building Three." - Kenley Matheny, President of RTO
Pictures...more |
 ColorTyme Vet Larry Crist Expanding in Oregon
"ColorTyme's payday loan program draws in customers to rent
from us that may not have had an interest in renting before.
We’re able to introduce them to various renting and loan
options and that separates us from our competitors." - Larry
Crist, ColorTyme Franchisee...more |
 Ruggedized DURABOOK Laptop Made For RTO; Protects Against
Drops, Shock, and Spills
"Along with Mitsubishi, we were the first company to create
a laptop for consumer use back in the mid-1980’s. Now, we
are at the forefront of the industry again by developing the
first ruggedized laptop that can be purchased for under
$1,000." - Ray Oribello, Director of Sales and Marketing,
Twinhead...more |
 Midwest RTO Expo Kicks Off In Columbus (photo gallery)
Over 100 rent to own professionals from six states and 35
vendors arrived in Columbus, Ohio Tuesday for the 3rd annual
Midwest RTO Training Expo. "Our direction to the vendors is
not to sell, but to train us how to sell. Vendors understand
that if we rent more, we'll buy more." - Mike Tissot,
President of the Ohio Rental Dealers Association...more |
update 1
Rent A Center Live Webcast 8:00 AM EST; Discussing
Acquisition of Rent Way |
|
Rent-A-Center Acquires Rent Way
For $567 Million
The
acquisition will put Rent-A-Center at 3,535 locations before any
store closures/merges. For reference, easyhome, the 4th largest
rental purchase company in North America, has 170 stores...more |
Schumer's Office Pushing Bogus Rent to Own Report
RTO Online can only assume that the alleged "study" was, at
best, an intern making a few phone calls to get rental
rates, and at worst it doesn't exist - never existed outside
the mind of Sunday Talk Show Chuck or a few editors with an
overabundance of column inches to fill and not enough real
news to fill them...more |
 It’s a Wrap; TruckSkin Turns Dellivery Trucks Into
Billboards
"In addition to providing mobile advertising for your rental
company, the skins protect your fleet from rigorous
over-the-road wear and tear, shield the truck body from
harmful UV rays, and can be easily changed and updated.” -
Joe Lapekas, President of TruckSkin LLC....more |
 Stool Manufacturer TRICA Offers Competitive Edge
“The rental channel is relatively new for us, and this is
our first RentDirect show. But we do have a relationship
with Cort Furniture who has brought in both our residential
and commercial lines to rent.” - John Doherty, Trica’s Vice
President of Sales for North America...more |
|
 Detroit Pistons And Rent A Center Unveil New “RAC Room” For
Boys and Girls Club
"Rent-A-Center is pleased to be tipping off our RAC Room
sponsorship for three area Boys & Girls Clubs with the
Detroit Pistons." - Mark Speese, Chairman and CEO,
Rent-A-Center....more
|
 Toshiba introduces HD DVD Players For RTO Channel
“This campaign showcases all of the excitement and realism
that HD DVD offers to the consumer in an entertaining and
exciting way. Toshiba’s HD DVD players provide consumers
with the ability to experience the true power of their HDTVs.”
- Tina Tuccillo, Vice President of Marketing Communications,
Toshiba....more |
 SOYO Group Partners with GoVideo To Deliver Electronics To
RTO Industry
Through a recently finalized two-year licensing agreement,
SOYO Group plans to market both SOYO-branded and GoVideo-branded
LCD TV’s and LCD Combo units to the rental industry. The
line up will include 20” and 27” LCD sets that come with or
without built-in DVD players, and 32” and 42” LCD
televisions. Another popular item will be a portable 7” LCD
television with DVD player at a $169 suggested retail price....more |
|
Employee Survey; Online Training Reduces Turnover
For the second year running Hilton Hotels Corporation has
proved that there is a link between employee development and
reduced staff turnover...more |
Tax Holiday Weekend To Push Back to School Spending on
Consumer Electronics to $3.1 Billion
"Computers are a relatively recent 'must-have' item. As a
result, average household spending on back to school
supplies is on the rise." - Steve Koenig, Senior Manager of
Industry Analysis, CEA...more |
|
Is Your Customer Service Score A Mystery?
“We own more than 50 ColorTyme rental stores and Instant
Cash Advance locations throughout Michigan. As rental
operators ourselves we know that mystery shopping works.
That is why we are heavy users of our own service.” - Steve
Leach, CEO of Shoppers’ View...more
|
 Acer And SED Running Sales Contest For RTO Sector
"There are no limits on entries. The more Acer you purchase,
the better your chances are to win!" - Mike Bertolani, RTO
Channel Development for SED International...more |
|
Rent-Way Same Store Sales Up 4.1%; Webcast Today
"Our customers appear to be adapting to higher commodity
prices and we continue to see business returning to more
normalized levels." - William Short, President, Rent-Way...more
|
 Husband And Wife Team Open First Of Four Nashville Area
ColorTyme Locations
Scott Hogan worked his way up from deliveries to store
manager and then became regional manager for Aaron’s...more |
 Serta, Inc. Gets In Bed With RTO Industry
Serta’s entry into the rental market is so new that as of
press time formal product specs were still being finalized.
But a good-better-best mattress offering is anticipated with
a minimal turn-around time for orders...more |
|
 SED 101; Learn How SED Stays In Constant Communication With
RTO Clients
"We know rental store managers are not paid to be tech
support, they are paid to rent merchandise. Our very active
support network allows rental managers and employees to do
their jobs while we do ours.” - Mike Bertolani, National
Sales Manager for SED...more
|
 Why Aren't There 10,000 Independent Rent to
Own Locations In the US?
"Our
traditional model is a combination of inventory on hand and
accounts receivable. A typical RTO company has no inventory on
hand and no receivables." -
Paul Belt, General Manager, Capital Solutions National Dealer
Service Center...more
|
|
 Youth Bedroom Makes Up 18% Of Retail Furniture Business, Why
Not RTO? Sandberg Furniture Sees Huge Rental Potential
Since introducing Sandberg to the rental industry in 2002,
Wayne Harris, National Account Manager for Sandberg, has
helped his company grow in leaps and bounds earning it
APRO’s coveted Vendor of the Year award in 2005...more
|
|
California Attorney General Files $2 million Lawsuit Against
LA Payday Loan Business
In most cases, state law authorizes a plaintiff to seek a
penalty of treble damages, or three times the amount,
against a person who writes a bad check. However, California
law prohibits payday loan operations from collecting such
damages, instead limiting them to the amount of the check
and a single $15 fee. Further damages and fees are not
allowed...more
|
 Rental and Sales Software Systems Provides RTO Companies
With Real Time Data
The year was 1979. The top-grossing movie was Kramer vs.
Kramer. The top radio hit? My Sharona. It was also the year
Ellison Crider, currently General Manager of RSSS, says his
company first started providing software solutions to the
rental industry...more |
Explosion Of Hispanic HD Digital Radio Stations Offers RTO
Companies Prime Marketing Opportunities
"Spanish-speaking listeners comprise a huge and growing part
of our listener base." - Alfredo Alonso, senior vice
president, Hispanic Radio for Clear Channel...more |
|
 DfwLampstore.com Provides National Distribution For Rent to
Own Industry
DFW maintains a complete online catalog. Categories
include
Accessories,
Best Sellers,
New This Month!,
Specials,
Table Lamps,
Under $19.99,
New Products,
All Products...more
|
|
48.3% of Affluent Users Check E-mail 'Continuously'; New
Survey Reveals E-mail Dominates Online Experience
"Marketers who fail to include e-mail programs in their
interactive marketing mix are missing the boat." - Roy
Weiss, Publisher of Home Electronics Journal...more |
RTO Online Releases Traffic Numbers For
July,
2006
Highlights: RTOonline.com recorded 298,000 unique sessions
in July. 3.25 million page views, up nearly 50% from June.
10.88 page views per session, up 44% from June...more |
|
 Progressive Furniture; Pursuing the Rent to Own Market
"We’re a very customer-driven company and we focus on what
the end user is looking for and also we strive to meet the
needs of our dealer partners, as well. We are proud to say
the major RTO companies – Aaron’s, Rent-A-Center and RentWay
- all consider Progressive Furniture to be a preferred
vendor.” - Rick Stroud, Executive Vice President of Sales
and Marketing for Progressive Furniture...more |
Payday Operator Cash Now Expands In Australia
As U.S. Legislators Attempt Election Year Chokehold On Industry
The U.S. Senate recently passed an amendment to the Defense
Authorization bill that would cap the interest rate for all
forms of credit to active duty military personnel at 36
percent APR, including all fees and service charges...more |
Vegas Market Attendee Wins $12 Million Slot Jackpot
With only one credit left to play, Penn inserted $100 into
the machine and watched as the Megabucks eagles lined up...more |
 Rent to Own Finance Summit Kicks Off Tonight
Finding a banker that understands rental purchase is rare
and traditional bank financing rarely fits the cash flow
needs of rental purchase companies...more |
|
Inform Print and Promotions To Show Short Run Variable Data
Printing Packages At RentDirect, APRO
"The newest innovation of Short Run Variable Data Printing
enables the rent to own dealer to send out a custom postcard
with variable information to finely turn his target market."
- Chet Pensak, CEO, Inform Business Printing and Promotions...more
|
|
Bestway Acquires Rent World Locations
"We are constantly on the lookout for acquisitions that can
either fill a strategic void where we are currently doing
business, or stores that will provide solid rural or
metropolitan coverage where we desire future expansion." -
David A. Kraemer, President and CEO, Bestway...more |
 Mow and Grow; Poulan Delivering New Customers With
Non-Traditional Rental Products
“Aaron’s and Badcock were among the first to try renting our
products and I can say it has grown tremendously since then.
There is a great opportunity for rental dealers to bring in
our merchandise without taking up precious showroom space.
The most successful operators display the riding mowers
outside the store. - Todd Gay, Sales Manager for Poulan
Outdoor...more |
 Digital
Home Electronics For a New RTO Age
“Notebooks are growing like crazy. We saw a 40%
increase last year and we expect at least another
25% increase this year. Rental customers want to be
more mobile. They want thinner, lighter notebooks."
- Adam Carroll, President of New Age Electronics...more |
|
Parents Cite High Gas Prices As Primary Reason For Limiting
Back To School Spending
"Of the one in five parents who plan to spend less on
back-to-school, higher gas prices have jumped to 24.7% this
year from 9.5% last year as the main reason for this cut
back." - Britt Beemer, CEO, America’s Research Group...more |
Are Your Employee Records Secure?; Confidential
Employment Records Number One Identity Theft Risk
The Federal Trade Commission cites 90 percent of all
business record thefts from employment and payroll
data...more |
June Help-Wanted Advertising Index Unchanged
Only 121,000 new jobs opened up in June. The latest
ad volume readings suggest that job growth late this
summer and going into the fall may be just as slow...more |
 Mitsubishi
Digital Electronics America To Attend RentDirect
PrimeTime Event For The First Time
"What’s surprising is that the rental business has
just exploded, and I think RentDirect deserves some
credit for that. It used to be this quiet industry
and now everyone wants to get in the picture." - Vik
Murty, Senior Manager of Product Marketing,
Mitsubishi...more |
Cash America Sees 58% Increase in Net Income; Cites Growing
Demand For Payday Loans
"Underlying the second quarter 2006 growth in revenue were
strong increases in total cash advances written and pawn
loans written as customer demand continues to rise." -
Daniel R. Feehan, President and CEO, Cash America...more |
 Precious Advice; M&B Jewelry Experts De-bunk RTO Jewelry
Myths
"The best things to remember about renting jewelry is it
requires no back-breaking delivery, takes up only 6 feet of
space, and you can add 5 new rentals in one day without ever
stepping out of the store or having to recite directions on
how to turn it off." - John Blair, M&B National Sales
Manager...more |
Furniture Brands International Battles Soft Retail
Environment; Reports Net Increase
"As the quarter progressed we witnessed an increasingly
challenging retail environment. Despite this, we delivered a
positive year-over-year sales comparison." -
W. G. (Mickey) Holliman, Chairman and Chief Executive
Officer, Furniture Brands International...more |
easyhome To Webcast Q2 Conference Call
easyhome is Canada's largest rental purchase company and the
fourth largest in North America. The Company operated under
the name RTO Enterprises until June 2003...more |
Aaron Rents Same Store Revenues Up 9.1%; To Open 350
Locations In Next 18 Months
"We anticipate adding approximately 350 new Aaron's
Sales & Lease Ownership stores over the next 18
months, a 30% increase over the current store base."
- R. Charles Loudermilk, Sr., Chairman and CEO,
Aaron Rents...more |
 Las Vegas Market Report
Las Vegas Furniture Market Update; Attendees From 116
Countries Descend On Vegas
"We want to ensure that buyers have a wide selection of
product to choose from. We want a well-rounded selection
from the entire home furnishings universe." - Tim Branscome,
Director of International Business Development, World Market
Center...more |
EZCORP Payday Loan Revenue Up 78%; Raises 06' Guidance
"The maturation of our 288 EZMONEY stores opened in the last
three years fueled this significant growth." - Joe Rotunda,
President and CEO, EZCORP...more |
