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Vizio Who?; American Company Outpaces Samsung, Sharp to
become #1 Seller of Flat Panel HDTVs in the U.S.
This represents the first time in more than a decade an American brand led
major categories in U.S. TV sales...more
Advance America Hosts Voter Registration Drive; Stores
to offer voter registration material
In a effort to register new voters, Advance America is
running its annual Register in Advance campaign in
Virginia...more
High Point Furniture Market Upgrades Online Market
Planner; Tool Enables Buyers to Tailor Market Experience
Buyers can search and map their route by company name,
showroom building or product category and create a pdf
file that they can email to associates...more
Video
Interview With Larry Furiani, Vice President of Dealer
Relations for Coaster Company of America
Larry Furiani of Coaster Furniture tells what sets his
furniture company apart from the competition...more
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Video
Interview With John Howard of PromoBiz
John Howard of PromoBiz displays the latest in career
apparel and promotional products for the rental purchase
industry...more
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Video
Interview With Beth Lewis, an Account Specialist from
United One Source
Beth Lewis, an Account Specialist from United One
Source, shows how her company’s product lineup helps
rental dealers protect their assets...more |
Video
Interview With Leo Grossman, District Manager for
Electrolux Appliances
Leo Grossman, District Manager for Electrolux
Appliances, shows us the benefits of front load laundry
and previews the latest in Frigidaire finishes for
refrigeration...more |
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Video
Interview With John Sprayberry, Newest Premier
Rental-Purchase Dealer
John Sprayberry is the newest Premier Rental-Purchase
Dealer and he tells how it feels to finally be your own
boss after years of working for RTO’s "big guys"...more
Video
Interview With
Alexis Miller, Marketing Coordinator for Advertising
Made Easy
Alexis Miller, a Marketing Coordinator for Advertising
Made Easy, gives us a sneak peek at marketing materials
made available through their innovative online ordering
system...more
Video
Interview With
Albert Turick, Creative Director for Amcase
Albert Turick, Creative Director for Amcase, gives a
tour of the latest in store fixturing for RentDirect
members available through the Nationwide Design Center...more
Video
Interview With
Jean-Guy Poulin, Louisiana Rental Dealer and Louisiana
Rental Dealers Association Secretary/Treasurer
Louisiana rental dealer and Louisiana Rental Dealers
Association Secretary/Treasurer Jean-Guy Poulin provides
an update on the LRDA...more
Video
Interview With
Gloria Homeier-Schwein, Owner of Full House Rentals
Rental pioneer Gloria Homeier-Schwein explains her
secrets to success and shares what plans she has to
expand her rental business this fall...more
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easyhome opens 200th Location
"We will continue with our aggressive plan to expand our
presence in communities across Canada and the United
States." - David Ingram, CEO, easyhome...more
Convention Coverage
RentDirect
Wraps; Dealers , Vendors Proclaim Show "Best Yet"; 9 New
Podcasts From Show Floor
RentDirect Nationwide wrapped a
successful four-day event at The Venetian Hotel in Las Vegas
with a trade show that broke all previous records for
attendance...more
Video
Video; Interview With Ron Martino, Marketing Manager for
Yamaha Corporation of America
Ron Martino, Marketing Manager for Yamaha Corporation of
America, discloses how a rental dealer can find sweet success
with Yamaha musical instruments without having to play a single
note on their own...more
Video
Video; Interview With Warren Chaiken, President and
Chief Operating Officer of ALMO
Warren Chaiken, President and Chief Operating Officer of ALMO,
divulges the secret to the long-term success of the Warehouse
Direct partner…training, training, and more training...more
Video
Video; Interview With Mike Moore, President of NewAvenues
Rentals
Mike Moore discusses how he
parlayed his experience operating more than 300 finance outlets
into a fast-growing rental-purchase company. With eight stores
open in just a few years and several more on the horizon, Moore
has made an impact by opening the country’s single-largest RTO
store with a 35,000 square-foot location in Georgia...more
Video
Video; Interview With Paul Gibbons, National Account
Representative for Central File
Paul Gibbons, National Account Representative for Central File,
reveals the elements that make their direct marketing programs
consistently successful for rental dealers...more
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Video
Video; Interview With Duane Knavel, Vice President of
Sales & Marketing for Textron Financial
Duane Knavel talks about the unique programs available to
RentDirect members including the chance to double an existing
credit line to take full advantage of the many RentDirect buying
show deals...more
Video
Video; Interview With Dave Eshelman,
President and CEO of Salem Logistics
Dave Eshelman, President and CEO of Salem Logistics,
explains how his company offers not just trucking but
also technology services as a valued 3PL provider to
rental dealers...more
Video
Video; Interview With Tim Moore, Vice President of
Specialty Business Sales for DSI Systems, Inc.
Tim Moore, Vice President of Specialty Business Sales for DSI
Systems, Inc., tells how his company’s involvement as a
Warehouse Direct partner for RentDirect members gives
dealers access to multiple top-of-the-line appliance and
electronic brands...more
Video
Video; Interview With Joe Lapekas, Owner of TruckSkin
Joe Lapekas, owner of TruckSkin, explains how his company’s
flex-face graphics system turns ordinary delivery trucks into
valuable mobile billboards...more
Video
Video; Interview With James MacAlpine,
Executive Director, RentDirect Nationwide
MacAlpine discussed benefits the group provides just for
rental dealers, including some impressive statistics
about the buying group’s exclusive Cash Back Now instant
rebates...more
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Video
Interview With Peter Krideras,
National Marketing & Merchandise Manager for Radio
Rentals of New South Wales, Australia.
From collecting on a fortnight to double-checking a
customer’s scorecard, they might say things a bit
differently in his part of the world. But with Radio
Rentals’ stores averaging 3,000 units on rent per
location, it’s lingo we could all do well to learn...more
Convention Coverage
RentDirect Nationwide Buying Show
Welcomes 3,700 Participants; RTO Online Streams 10 Video
Podcasts From Tradeshow Floor
Day One of the RentDirect Nationwide Buying Show opened with a
bang as rental dealers and their retail counterparts swarmed a
show floor packed with merchandise from nearly 200 vendors,
including 12 brand-new exhibitors...more
Convention Coverage
Ohio Congressman John Kasich Keynotes
RentDirect-Nationwide Meeting; Kicks Off Largest RTO
Event Ever Held; Overall Attendance Sets New Record
“I believe independent dealers are the backbone of
America. They personify the ideals of honesty, integrity
and personal responsibility. Business doesn’t have to be
just about the dollar. I think independent dealers,
especially in smaller towns, are the people who keep our
communities together. You’re the glue.” - John Kasich...more
Convention Coverage
RentDirect-Nationwide Member 2 Member Summit; General
Session, Break Out Seminars Focus on Improving Rental
Business Practices
Saturday's Member 2 Member General Session featured an
update by Executive Director James MacAlpine. MacAlpine
announced that RentDirect will have 300 member companies
by the end of August and more than 150 were registered
to attend this weekend’s meetings...more
TARA Changes Convention Dates; Name Will Change To
Reflect Regional Nature Of Event
The Board of Directors of the Texas Association of
Rental Agencies (TARA) set a tentative date of October
2008 for TARA's 25th annual convention. The TARA Board
of Directors said the convention was moved from Spring
to Fall to better align with traditional rent-to-own
company buying cycles...more
Dorm Furnishings, Electronics Push Back-to-College Sales
Past $47 Billion
“Colored laptops, stylish cell phones and distinctive
dorm furniture will appeal to today’s students and
should be big sellers in retail stores across the
country." - Tracy Mullin, CEO, NRF...more
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Radio Rentals Australia
Turns A Corner; Company Plans
Financial Services Rollout
Radio Rentals Australia operates 66 locations. Since
raising $56 million in its initial public offering (IPO)
in December, 2006, the company has seen significant
growth - moving away from rent-to-rent and expanding its
Rent-Try-Buy (RTB) program - what we yanks call Rent to
Own...more
Ohio Representative Pryce Announces Retirement From
Congress
Pryce cited the needs of her family as the primary
reason for not seeking reelection. The announcement will
almost certainly guarantee a win for Democrat Kilroy...more
Cash America Shuffles Senior Management; Feehan To
Continue As CEO
Cash America International, the largest payday lender in
the U.S., shuffled its senior management team and is
bringing in new talent to help the company "leverage
best practices and aggressively pursue new opportunities
and initiatives." The company operates 928 total
locations...more
Las Vegas Furniture Market Head Resigns; WMC Searching
For Replacement
After only 11 months as CEO of Las Vegas Furniture
Market, Harvey Dondero is resigning. Dondero, the former
CEO Broyhill, a division of Furniture Brands
International, will reportedly be named as CEO of "a
global furniture manufacturer" next week...more
easyhome Raises Over $50,000 During 2007 Backpack
Challenge; Employees Summit Mount Kilimanjaro To Support
Fundraising
The company's top two 2006 fundraisers, Store Manager Pauline
O’Brien and Regional Manager John Kanarens, climbed Mount
Kilimanjaro in support of the backpack fundraiser. On July 18th,
John and Pauline reached the top of Mount Kilimanjaro and easyhome reached its goal of $52,000 raised...more
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Rent to Own and Retail Side By Side; Badcock Home Furnishings Tests Side By Side
Retail and Rent to Own In Largo, Florida
W. S. Badcock Corporation held a
ribbon cutting Wednesday to celebrate the opening of its 8,000
sq ft Largo, Florida Home Now Rental Ownership store. Home Now
is the rent-to-own division of Badcocks. See a complete photo
gallery of the ribbon cutting and celebration...more
Government Awards IBM $120 Million Contract For
Digital-to-Analog Converter Box Coupon Program Services;
Consumers May Request Coupons Starting January 1, 2008
"By awarding the contract on schedule, NTIA is preparing
to be open for business so consumers may request coupons
starting January 1, 2008, as required by law." - John
Kneuer, Administrator, National Telecommunications and
Information Administration...more
RTO Vendor Profile
Whirlpool Building Blocks 2007
Whirlpool is one of Habitat for Humanity's largest
corporate partners and donates a range and refrigerator
to every new Habitat home in North America. Since the
partnership began in 1999, thousands of Whirlpool
employees have volunteered their own time to Habitat
builds around the country...more
Washington D.C. Payday Loan Operators Go On Offensive;
D.C. City Council To Vote On Ban September 18th
"We hope the
City Council will follow our lead, and take the necessary steps
to protect DC residents without taking away a valuable tool that
helps Washingtonians make ends meet between paychecks." - Sonny Eyabi, President DC Financial Services Association...more
La-Z-Boy Sales Fall 12.6%; Company Cites Soft Retail
Environment
"Against the backdrop of ongoing challenging business
conditions pervasive throughout the furniture industry,
our results reflect a significant drop in volume, which
made it difficult to absorb our current fixed costs." -
Kurt L. Darrow, CEO, La-Z-Boy...more
Simmons Bedding Sales Soar Despite Soft Retail
Environment; New Flame Standards Drag Net
"In the second quarter and first half of this year our
business operated at record sales levels despite a
relatively soft home furnishings sales environment." -
Charlie Eitel, CEO. Simmons...more
Aaron's "Lucky Dog" Helps Bring Smiles to Children With
Cancer
"We are so grateful to Aaron's and the New York State
Rental Dealers Association for their generous support of
our summer book club." - Chuck Collard, who co-founded
Carly’s Club with his daughter, Carly Collard Cottone,
who succumbed to cancer in 2002...more
Online Training For Sales Associates CEknowhow Gains
Popularity Among Top Retailers
The Consumer Electronics
Association's (CEA) CEknowhow
retail training program is five years old. Launched in 2002, CEknowhow
is brand neutral and introduces retail sales associates
to the fundamental information needed to understand and
sell products like digital televisions...more
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Interest In Plasma Falls As LCD Continues March Toward
DTV Dominance
LCD will continue its ascension to market dominance and
will have almost 75% of the market in 2011, with plasma
fading to less than 15% according to high-tech market
research In-Stat...more
RTO Vendor Profile
Protecting Your Assets
United One Source, a leader in the Asset Protection
Business for more than 21 years, continues to expand
into the rental industry with a strong reputation as an
innovator of new products. United One Source is known
for premium products such as furniture pads,
spring-loaded door jam protectors, and hand trucks and
dollies...more
SEI Aaron's Donates To Special Olympics Through Aaron’s
Community Outreach Program
"We are extremely grateful to Aarons and the members of
the New York State Rental Dealers Association for their
kind generosity to our athletes." - Laurie Kennedy,
Regional Director, Special Olympics New York...more
LG Electronics Hopes To Draw Celebrity Trendsetters To
"LG House Malibu"
"LG House Malibu provides a unique platform for us to
showcase LG's premium product line to tastemakers and
influencers." - Ehtisham Rabbani, VP Marketing, LG
Mobile Phones...more
Rent to Own Store Crime Preparedness Questionnaire; How
Prepared are YOU?
Take this questionnaire to see how you and your staff
would react if your employees were threatened, or if an
armed robbery occurs...more
SED To Distribute Sansui HDTV Televisions
Orion America, Inc. has announced the addition of SED
International as an authorized distributor for its Sansui line
of LCD, Plasma, and CRT high-definition televisions...more
Municipalities Pass Increasingly Bizarre Payday Loan,
Check Cashing Restrictions
City governments will continue to impose heavy
restrictions on non-traditional financial services
companies until challenged in court. So far, no company
appears willing to make that leap...more
Experts Predict LCD Panel Shortages In Second Half Of
2007
DisplayBank's analysis reveals that the supply of
25-inch and smaller LCD panels will be 5% to 10% shorter
than demand in the second half...more
Consumers Delay Back-To-School Spending; 46% Plan To Buy
Electronics
In summing up the outlook for the 2007 back-to-school
shopping season, All in all it will be a good year for
back-to-school, not a stellar one...more
Survey Shows Game System Owners Unaware Of Console
Features
It should not come as a surprise that, despite marketing
efforts to educate the consumer, awareness of functions
that extend beyond gaming are low...more
U.S. Labor Department Publishes Rules Under Pension
Protection Act
The Pension Protection Act (PPA) established rights of
plan participants and beneficiaries to sell the company
stock in their accounts and reinvest the proceeds into
other investments available under a plan...more
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Consumers Remain Wary; Purchasing Intentions Up Slightly
From 2006
Future purchase plans (next 6 months) for most big
ticket durables were up from August 06 for computers,
furniture, appliances, jewelry, TVs and digital cameras.
More than half (61.1%) of consumers questioned felt gas
prices would rise by Labor Day...more
RTO Vendor Profile
That’s a Wrap
Utilizing company delivery vehicles as a marketing
medium is not necessarily a new concept. After all,
that's why companies put their names on vehicles to
begin with. But thanks to the technologically advanced
process used by TruckSkin, delivery trucks have never
looked so good...more
Nationwide Marketing Group Reports 42% Growth in Convention
Attendance
For the first time, RentDirect Nationwide, the leading
rent-to-own buying and marketing group for independent
rental dealers representing more than 260 rental dealers
throughout the country, will host their annual Member 2
Member Summit in connection with the PrimeTime! by
Nationwide event...more
Fox News Host and Former Ohio Congressman John Kasich To
Keynote PrimeTime! by RentDirect-Nationwide Convention
RentDirect Nationwide, and parent company Nationwide
Marketing Group, announced today that John Kasich is set
to keynote their PrimeTime! convention kickoff meeting,
Sunday, August 19th at the Venetian Hotel in Las Vegas...more
Prediction; Consumer Spending Will Not
Collapse in Face of Sub Prime Housing Correction
The U.S. economy is expected
to emerge from the recent hail storm in financial markets
relatively unscathed and, once again, prove its remarkable
resilience in the face of adversity...more
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PLS Payday Loan Store Kicks Off Back-to-School Donation
Program
"Our annual Back-to-School program is one of several
charitable campaigns that PLS sponsors every year." -
Bob Wolfberg, Co-President, PLS Financial Services...more
RTO Online Celebrates 10,000th Photo
The 10,000th photo was taken Saturday, July 14th 2007 at the
American Rental Trade Expo Hog Roast in Nashville, Indiana
during a "bubble blowing contest" held for children of
employees...more
75% Of Top US Retailers Attend Las Vegas Furniture
Market; Coaster To Triple Space Size
Coaster, Standard and AICO will move to larger spaces in
the new Building C. Coaster will go from its current
13,429 square feet to 50,000 square feet...more
New York
Legislature Galvanizes Rental Dealers; Legislative
Conference Set For January
Since Elliot Spitzer took the Governors office, the New York
press has focused heavily on consumer issues. There has been little official
industry opposition to distortions by the press, who
rely solely on the far left views of consumer advocacy groups
for information. The Buffalo News ran an
editorial Sunday entitled -
Albany Snubs The Poor; Failure to address systemic abuses leaves
needy New Yorkers exposed...more
RTO Vendor Profile
Toshiba and HD DVD
Sales of dedicated CE players are important because they
show that HD DVD is gaining traction with movie-watching
consumers. These are HDTV owners who are investing in a
format specifically to watch high def movies but who
also want to playback their current library of DVDs and
CDs. HD DVD has the highest attachment rates for movies
to players sold and that is currently from dedicated CE
players, not for game consoles...more
Association Seeks Administrative Changes To National Do
Not Call Registry
When the registry was first developed, FTC proposed a
maximum annual fee per telemarketer of $3,000. However,
by the time the Commission made the registry available
in 2003, the cost for access was $7,375. In 2006 the FTC
raised the rate to $17,050, a 263 percent increase in
four years...more
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The 640 Pound Home Theater System
Let's see...4 turn, 24 months...that'll be $5,000 per
month please. Ok, so the new Swan 2.3HT ultra high-end
home theater system isn't going to hit rent-to-own
stores anytime soon. But the coolness factor is just too
great to ignore...more
First Missouri Class Action Filed Against Advance
America
The suit alleges that while Missouri state law allows
borrowers to repay loans in up to six payments, Advance
America limited borrowers to four payments...more
DSI Partners With Sharp
We’re pleased that Nationwide Members can now include
product from Sharp, with their orders for Hitachi,
Toshiba, Mitsubishi, Pioneer, Pioneer Elite, Fisher &
Paykel, Monster Cable and DIRECTV, to ship via a single
purchase order in 48 hours or less." - Mike Decker, Vice
President of Marketing-Electronics, Nationwide Marketing
Group...more
Warning; Virus ''Storms'' On The Rise
The e-card threats not only collect email addresses to
be used for sending SPAM but current variants are
installing rootkits - which hide themselves and
unknowingly change the function and performance of the
victims' computers...more
RTO Vendor Profile
On A Mission
The mission of Textron Financial Corporation (TFC) is
simple. Textron Financial vows to consistently provide
the highest level of quality financial services to
manufacturers, distributors and dealers...more
RTO Vets Partner To Open Dixon Illinois Premier Rental
Purchase
"The only way I could establish myself in a comfortable
work environment, doing what I love and giving the
service and respect that my customers deserve was to
start my own company." - Candie Gustafson, Premier
Franchisee...more
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RTO Vendor Profile
Serta-fiably Comfortable
The rental industry is comfortable with Serta. "We feel
the rental customer is looking for a good value in a
brand they prefer with a company that will stand behind
them. As most people know, Serta makes the World's Best
Mattress and we focus on offering our product in a range
of key price points." - Brad Rogers, Southeast Regional
Vice President for Serta, Inc...more |
New Democrat Bobby Etheridge (NC) 50th
Cosponsor to Rental Purchase Agreement Act
Etheridge, a six term Representative from North Carolina's 2nd
district, is a member of the New Democrat
Coalition (NDC), a group of moderate, pro-business Democrats...more |
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Furniture Tip-Overs Among Top Five Home Hazards
According to CPSC statistics, furniture tip-overs result
in an average 22 deaths and 3,000 injuries every year.
There were 31 deaths in the U.S. due to tip-overs in
2006...more
Payday Loan Industry Fires Back at
Washington Post; Demands correction, investigation
"We offered to sit down with the editorial writer who
refused to meet us. Instead she took the word of a
disingenuous anti-business activist group, the Center
for Responsible Lending, reprinting their factually
inaccurate charges verbatim from their talking points.
Newspapers are allowed to have opinions, but they should
be informed opinions." - Tommy Moore, Executive Vice
President, CFSA...more
RTO Vendor Profile
SED International
Everybody loves the chance to get two-for-one, and
rental dealers are no different. Thanks to SED
International, RentDirect members can now get two
product categories in one single shipment...more
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Next Generation of Consumers Spending Massive Amount of
Time Online
If children are our future, then our future is online.
The 18 million US college students heading back to
campus this fall are the most wired generation yet.
Their time spent online is measured in hours per day –
not per week...more
SED To Distribute ASUS Notebooks
"ASUS creates unique and cutting edge products and
features which provide a competitive advantage to
resellers." - Jonathan Elster, Executive Vice...more
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U.S. Employers Hold the Line on Planned Salary Increases
Modest 2007 salary budget increases of 3.9 percent,
which are expected to plateau in 2008, present a
challenge for managers. They will have to think more
holistically and learn the art and science of ‘total
rewards’ to attract, motivate and retain talent." - Anne
C. Ruddy, President, WorldatWork...more
Talleys, Coles, ColorTyme Agree to Part Ways
Talley Rents and the Cole Group will join forces to
operate their existing stores and future stores under
the Rent 1st brand, which will focus on renting
appliances and electronics with the ability to expand
into new territories while protecting ColorTyme’s
existing franchisees for a two year period...more
Oklahoma ColorTyme Franchisees Timmons and Hill Win
Annual War Room Contest; 62% of franchisees achieve
record deliveries in single day
ColorTyme stores across the country recently
participated in the company's second annual War Room
contest. The one day contest was a collaboration between
ColorTyme, Inc. and the company’s Franchise Advisory
Council (FAC) and served as the kick-off event for a
three-week-long Grand Slam Promotion...more
RTO Vendor Profile
SEADRA Drives RTO Industry Profits
Scan the merchandise at a typical rental industry trade
show, and you'll see furniture, appliances, electronics,
and computers. But don't be surprised when, at the
upcoming Nationwide RentDirect buying show, there's a
car dealer in the mix...more
Electronics Growth Slows; PC Market Perks Up
All major markets generated positive growth in 2005 and
2006 and all these areas will continue to expand in
2007, although the total electronics equipment growth in
2007 will drop to 6 percent...more
LCD TV Shipments Double Plasma In 40 inch Plus Category;
LCD Share Reaches 68%
This growth be attributed to the success of LCD TV
brands and retailers in getting consumers excited over
1080p TVs where LCDs have dominated Plasmas and to the
greater number of LCD TV brands overwhelming plasma TV
brands in retail...more
RTO Online Releases Website Traffic Numbers
For July, 2007
RTOonline.com registered over 518,000 visitor
sessions and 4.3 million page views in July, 2007, a 74%
increase in visitor sessions and a 33% increase in page views
over July 2006...more
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easyhome Same Store Sales Up 8.6%; Earnings Up 56.9%
"All of our four major product categories produced
comparable revenue gains, including electronics, which
improved 18% compared to 5% at the same time last year."
- David Ingram, CEO, easyhome...more
Court Orders
Advance America To Close Doors In Pennsylvania; Advance To
Appeal
Advance America commented on what it called an "unfavorable ruling
" that was issued by the Commonwealth Court of
Pennsylvania directing Advance America's subsidiary in
Pennsylvania to immediately suspend its current
operations and discontinue its "Choice Line of Credit"
in the state...more
Renting
The Good Life; By Jim Hawkins, Law Clerk to the
Honorable Jerry E. Smith, Fifth Circuit Court of Appeals
Academic literature and court decisions are replete with
calls to ban or severely inhibit the rent-to-own
industry. The argument is simple enough: Rent-to-own
firms charge exorbitant prices to the most needy and
vulnerable segments of society...more
Furniture Color Trends For 2008
Color impacts consumers in a conscious and subconscious
way. There will be no one or two hot colors to watch for
in the 2008-2009 color forecast. Instead, it will be a
more varied approach featuring color families...more
The Smartest Link in Your Supply Chain
Salem Logistics has been in business for 21 years,
offering third-party logistics, trucking, warehouse and
distribution services to its clients. Their current
customer list includes both manufacturers and retail
companies. According to CEO and President Dave Eshelman,
Salem Logistics wants the RTO community to focus on its
core business of renting merchandise and leave the major
transportation worries to them...more
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Former Blue-Dog Representative Ralph Hall
Cosponsors Rental Purchase Agreement Act
Texas Representative Ralph Hall (R), has cosponsored the
Consumer Rental Purchase Agreement Act of 2007 (H.R. 1767).
Hall, a 14 term Representative and the oldest serving member of
the U.S. House of Representatives, is a former Democrat who
switched parties in 2004...more |
PCRental Agent Announces New Pricing Model
"Since we launched the commercial version of PCRental
Agent a little over a year ago, we’ve helped stores
recover computers and improve collections and with this
new pricing model we’re hoping to help even more." - Tim
Kelly, PCRentalAgent...more |
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Rent-A-Center Reports Same Store Sales Up 2.7%;
Warns For Q3 and 4
"..the business environment has been very challenging as
of late. We believe that the financial challenges facing
our customers have increased recently, resulting in a
softer outlook for the balance of this year." - Mark Speese, CEO, Rent-A-Center...more
Las Vegas Furniture Market Kicks Off; 50,000 Buyers
Expected
"World Market Center Las Vegas is the source for new
trends and new products that will soon be available at
retail to consumers. If it’s new, it’s here." - Dave
Palmer General Manager, World Market Center...more
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Update: Mizati Holds Ribbon Cutting At First Company
Rent to Own Wheel Store
Mizati Luxury Alloy Wheels held the
grand opening of its first rent-to-own store Saturday in Upland,
California. Company officials were joined by local business
leaders and Upland City Council member Ray Musser...more |
RTO Vendor Profile
Poulan; Mowing Down the Competition
"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, exactly like the
big-box retailers do." - Todd Gay, Sales Manager for
Poulan Outdoor...more |
RTO Vendor Profile
Join the Club
"Our rent-to-own club program has been developed to
offer maximum flexibility and profitability for each
client. And we do this by allowing each dealer to design
and tailor the club program benefits to meet their
specific customer needs." -Alan Stein, President and
Owner, NCA...more
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Reducing Employee Turnover; Size Matters
Each additional year of tenure on a job reduces the
probability of turnover by 81 percent. It also
established that the offering of benefits reduces the
probability of an employee leaving in a given year by
slightly more than 26 percent...more
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Blu-ray or HD?, Consumers Still Confused; Blu-ray Gains
Slight Lead In Sales Forecast
Recent retail developments, support from major Hollywood
studios, and inclusion of the format in the PlayStation
3 puts the Blu-ray format in the lead...more
Expert Predicts Back-to-School Spending to Grow Meagerly
in 2007
92.6% of parents say they will spend less on each item
this year compared to 75.3% last year and 32.8% in 2005.
The reason most give is higher gas prices...more
Rent to Own Industry Vet Tom Gould Opens Greensboro NC
Premier Wheel Rentals
"I come from a family of entrepreneurs. I feel that it
is the right time for wheel rentals and that the product
is right. I want to capitalize on a fairly new concept
in rent to own that’s growing. I don't want to wake up
later and wonder if I should have done it." - Tom Gould,
Premier Wheel Rentals Franchisee...more
RTO Vendor Profile
RTO Dealers Get the Big Picture From Mitsubishi
"LCD seems to be the television technology for the
long-term, and our LCD flat panel strategy is all about
offering more picture in less space. A typical LCD set
is mounted within a 2" frame, but ours is less than 1"
so it really offers maximum screen space. Plus, our sets
offer bottom-mounted speakers that are hidden for a
low-profile design." - Frank DeMartin, Vice President of
Marketing for Mitsubishi...more
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Kenwood And JVC Having Affair; Considering Marriage
"Japan Victor (JVC) and Kenwood agree that a strategic
alliance in car electronics and home/portable audio, as
well as the unification of both companies’ management,
would bring opportunities for success in a challenging
AV market." - Shoichiro Eguchi, President, Kenwood USA
Corporation...more
Payday Loan Companies Continue Solid Growth
"We are pleased to have our first center operating
outside of the United States and look forward to
expanding our business in the United Kingdom and
elsewhere." - Ken Compton, President and CEO Advance
America...more
14 States Prepare For August Sales Tax Holidays; Concept
expanding
The tax holiday phenomenon continues to expand beyond
the month of August and beyon back-to-school supplies.
Shoppers in Tennessee will repeat its August holiday for
three days in late March 2008...more
Survey; Workers Reveal Which TV Show Bosses Remind Them
of Their Own
When asked which TV boss most reminds them of their own
boss, the most popular responses from workers included
Sam Malone from "Cheers", Charlie from "Charlie's
Angels", Judge Judy from "Judge Judy...more
RTO Vendor Profile
Positive Cash Flow
"I can't stress enough that a rent-to-own store can't
afford the loss it takes when a customer comes in, does
not see that big screen television set and then leaves.
That big screen may cost you $1000 to purchase, but you
just lost $2500 when that customer walked out
empty-handed." - Bill Lassiter, Vice President , Lynnray
Financial...more
Aaron Rents Reports 5% Same Store Sales Growth
In Q2; Net Falls
Consolidated rentals and fees for both the second
quarter and first half advanced 13% over the comparable
previous year periods. In addition, franchise royalties
and fees were up 18% and 19% for the second quarter and
year-to-date...more
RTO Crime Prevention Tips
Both rent-to-own and retail stores are more susceptible
to robbery attempts during opening and closing
procedures. Fewer employees and customers to contend
with coupled with end-of-day cash handling mean
employees must be extra vigilant during these critical
few hours...more
dPi
Teleconnect Acquires Vertex Communications; Largest Acquisition
to Date
"Vertex is
our fourth acquisition this year, and it represents our largest
overall acquisition to date. We are particularly excited about
the potential for growth that this acquisition represents." - David Dorwart, President and CEO, dPi...more
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ColorTyme's Neyhart Forms Partnership With New
Yorker; Additional Stores Planned
"I wouldn’t be a ColorTyme franchisee today if someone
hadn’t helped me out. At the end of the day you want to
be able to look back and say that you’ve helped someone
too." - Tom Neyhart, ColorTyme Franchisee...more |
Minimum
Wage Increases To $5.85 Today
The Fair Minimum Wage Act of 20077 amended the FLSA to increase
the federal minimum wage in three steps: to $5.85 per
hour effective July 24, 2007; to $6.55 per hour
effective July 24, 2008; and to $7.25 per hour effective
July 24, 2009...more |
RTO Vendor Profile
The Definition of RTO Art
"The average reorder for any store – rental or retail –
has been nearly 70% of the initial order and the reorder
is usually placed within three or four weeks of the
images first being displayed. These pieces of art rent
nearly as quickly as you put them on the showroom
floor." - Dan Helton, Vice President of Sales and
Operations for HD Canvas Art...more |
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Technology That Will Change The Way You Do
Business
In our last edition of Technology
That Will Change Your Business, we featured Microsoft Surface
Computing (see
story). This installment will focus on 3D video...more
Grand Opening Of Mizati's First Rent to Own Store Set
For This Friday
"There are things that you need to have, and things that
you want to have, and a brand new set of wheels are what
most people have got to have when they get a new car." -
Hazel Chu, CEO, Mizati Luxury Alloy Wheels...more
RTO Vendor Profile
GE; Imagination at Work
"GE has a very strong relationship with Nationwide
Marketing Group and we continue to expand our
opportunities into the rental industry with RentDirect.
Our goal is to attract and service more members who have
not had the chance to merchandise GE and show them the
difference of working with top-quality products backed
by a true factory service network." - Paul Eichberger,
Rental Sales Manager. GE Appliances...more
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California Supreme Court Rules Against Frivolous
Lawsuits
"This is a great win for small businesses that are often
the target of frivolous lawsuits because attorneys know
that small employers don't have the resources available
to defend themselves against these claims." - Karen
Harned, Executive Director, NFIB Legal Foundation...more
Brand Source Sponsors New Orleans Fund Raiser
The ReNew Orleans project is designed around the second
anniversary of Katrina, which devastated major parts of
New Orleans. The building will be full service, and
include a police substation. The grounds will include
baseball and soccer fields...more
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RTO Vendor Profile
Mattress Rentals Roll Forward
For years, mattress deliveries have posed unique
challenges, particularly when narrow stairwells and
sharp turns are part of the territory. However, Garme
(pronounced gar-MAY) USA could change all that with the
line of mattresses they claim are not only are better
for customers, they're better for your rental business,
as well...more
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