JVC Introduces New DVD Recorder Line
"...consumers are looking for more versatility in how they
watch television and movies"-Dave Owen, General Manager, Consumer Video,
JVC Company of America...more
Aaron Rents To Webcast Q4 Conference Call
Aaron Rents Q4, 2004 Earnings Conference call will be held
Thursday February 24th, 2004, 10:30 am Eastern...more
eMachines Offers Online Retail Sales And Service Training
SED International, a premium electronics supplier to the
rental purchase trade, recently announced the addition of
eMachines to it's lineup. In an effort to support retailers,
eMachines offers online sales and support training courses
through CyberScholar...more
Iowa Legislators Consider Cap On Refund
Anticipation Loan Charges
Iowa Sate Senator
Joe Bolkom, (D-Iowa City) has introduced the "Iowa Refund Anticipation Loan Act"...more
RentWay Plans Career Day
RentWay will hold a "Career Day" Thursday, Feb. 24th 2005...more
SED International and Acer America Launch a Value Notebook
to the RTO Market
Acer America, one of the world's top five branded PC vendors
and SED have opened the doors for the Rent to Own Market...more
New Album Features Track "Rent to Own"; Jeffrey Halford &
the Healers
The song is written from a woman's point of view as she
decides whether to buy or rent her man...more
Advance America Reports
16% Revenue Increase In 04'
In Georgia, Advance America's operations have been suspended
since May 2004, pending a ruling from the 11th Circuit
Federal Court of Appeals...more
Final Transition From Analog To HDTV; What
Will It Take?
The
Consumer Electronics
Association's 10th annual HDTV Summit will feature top industry
and government leaders as they debate and offer predictions
about the impending analog television cut-off...more
Aaron Rents CEO Named To Business Hall Of Fame;
Induction Scheduled For May
In May,
2005, R. Charles Loudermilk Sr., CEO of Aaron Rents Inc. will be
inducted into the J. Mack Robinson College of Business Hall of
Fame at Georgia
State College...more
Dell Broadens Flat Panel Display; 24-Inch
Wide-Screen Monitor To Ship In March
Beginning march 1, 2005,
Dell will
begin shipment of the UltraSharp(TM)
2405FPW, a 24" wide-screen monitor...more
Wholesale Distributors Report Growth Despite Falling Prices for Many IT Product
Categories
"...wholesale
distributors selling tech products have demonstrated an ability
to fluidly respond to changing market demand" - Stephen Baker, The NPD
Group...more
Premier Opens Another Store -
This Time Dayton, Ohio
"Anything the competition can do, we can do better." Scott Kinnear isn’t one to boast. He’s stating fact as he launches the
third week in business for SR Kinnear, Inc., Dayton, Ohio’s
newest RTO store...more
Rentcash Same Store Sales Soar To +153%
Rentcash was recently ranked the second fastest growing
company in Alberta, Canada by Alberta Venture Magazine.
"This recognition shows how hard our associates work to move
the company to higher and higher levels." Gordon J. Reykdal,
Rentcash Inc. Chairman and CEO...more
Ideal Software's TIRM User Conference
Set For April 12-14, 2005
The conference is designed to
provide unique opportunities to learn, teach, network,
and contribute to the future development of the The
Ideal Rental Manager software...more
State Rent To Own Associations Plan New 5 State Regional
Tradeshow (Photo Gallery)
Leaders from surrounding state associations attended the
Missouri Rental Dealers Association Meeting Wednesday to
coordinate a 5 state regional tradeshow to be held this fall...more
Texas Rental Dealers Make Headway On
Legislative Front (Photo Gallery)
TARA is seeking a level playing field and has taken the position that
personal property rented to customers should receive The
same exemption from property taxes that the car leasing business
enjoys...more
Illinois State Payday Loan Association Accuses National
Trade Association Of "Legislating Out" Independent
Dealers
"This legislation, put forward by the Consumer Financial
Services Association (CFSA), will kill the local lender and
ultimately cost consumers more" - Bob Wolfberg, president of
Illinois Small Loan Association...more
Opposing Forces; Two Groups At Legislative
Odds
Rent A Center, Rent Way and a significant number of
independent Rent to Own dealers, representing a total of about 4,500 rental
purchase locations in the United States, will form a
coalition to continue support of the Consumer Rental
Purchase Agreement Act (Disclosure Bill)...more
Sharp To Take Over Fujitsu LCD Operations
The agreement calls for Fujitsu to transfer to Sharp the LCD
research and development, manufacturing and sales operations
of its consolidated subsidiary, Fujitsu Display Technologies
Corporation...more
Stanley Furniture
Reports Record Q4 Sales; Chairman Prillaman to Retire
In April
Company officials expect Jeffrey R. Scheffer will be
elected Chairman of the Board in addition to his current role as
President and Chief Executive Officer. Mr. Prillaman plans to
continue as a director and to stay involved with the Company
by serving as lead director and liaison with the board on
oversight matters and key strategic initiatives...more
Rent-A-Center Reports
Revenue Up But Same Store Sales Down For Second Straight Quarter
"...we
are focused on improving our results with the recently
implemented marketing and advertising initiatives, which
should drive more customer traffic, and the implementation of
new initiatives to improve our store operations." - Mark E. Speese, the Company's Chairman and
Chief Executive Officer...more
Hitachi And Panasonic To Collaborate On Plasma Displays
The agreement between Hitachi and Panasonic is aimed at
further development of color PDP technologies and growth of
the Plasma TV market...more
JVC
Sales Down 7% In Q3; Matsushita Expects Turnaround
"...while the company currently expects severe conditions,
including sharp price declines due to fierce competition and
other negative factors, Matsushita today announced an upward
revision of its operating profit forecast."...more
Dr. Kerry Johnson To Keynote Missouri Rental
Dealers Meeting
Noted author and motivational speaker Kerry L. Johnson, MBA,
PhD. will keynote the Missouri Rental Dealers Association
meeting Wednesday, February 9th...more
Dollar
Financial Reports Record Quarter; Same
Store Sales Increased 17.8%
"The quarterly results are a clear indication that we
continue to provide our under-banked customers with an
unprecedented level of choice, value, and convenience" - Jeff Weiss, Chairman and Chief Executive
Officer...more
eMachines Now Available To Rent To Own Trade Through SED
International
"Until now, eMachines were the only major manufacturer that
did not have a true RTO presence. SED is the only
distributor with an eMachine agreement for the RTO channel"
- Michael Bertolani, RTO Channel Development at SED
International...more
Mac Frugal’s
To Offer Rent to Own Cars In Ontario
"Customer
feedback has indicated that there is a definite void in the
market when it comes to purchasing an automobile on a rent to
own basis" - Gary Clemmensen, owner of Mac Frugal’s
Furniture...more
Whirlpool Reports
Record 2004 Sales; Announces Price Increases Effective
Immediately
"...we estimate that our material cost base will increase an
additional 7-to-8 percent during 2005..."- Jeff M. Fettig,
Whirlpool's chairman, president and chief executive officer...more
RTO Opportunity is Knocking, Is
anybody home?
"Remember the 3 foot rule. "Anybody that comes within 3 feet
of you must get a business card" - Jay B. Roberts -
Operations Editor for RTO Magazine, Vice President of
Operations for National TV Sales & Rental...more
Aaron Rents Names Michael
W. Jarnagin Vice President, Manufacturing
"Our furniture manufacturing facilities have always been a key
to the success of the Company and have been running at record
production levels the last several years," said R. Charles
Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron
Rents....more
History of Black History Month
African Americans have a rich
history. But why is 'Black History Month' celebrated in
February?..more
Hampden Group Launches
Two Websites To Compete in the Auto Title Loan
and Payday Loan Industry
Hampden Group, Inc. announced today that
the company has launched both
CityCash.com and Cashcar.com...more
Is Your Workplace Culture Male
or Female?; Answer May Affect Worker Loyalty, Health and
Productivity
When asked about job stress in the work environment, men and
women differed significantly. For men, their treatment by
those in authority predicted their level of distress, while
for women, the general environment played a greater role in
their stress levels...more
Refurbishment Is Key To Long Term
Profitability
Based on two decades of observation, there are two things
that all underperforming rent to own stores have in common...more
Conquest Financial Services Launches Program To Help RTO
Owners Include Payday Loan Services
Conquest Financial, a Columbus, Ohio based consulting firm
with experience in both Rent to Own and Payday Loans, offers
a program to help rental companies get started in the
exciting business of making Pay Day Loans & Cashing Checks...more
Agency Releases Results of 2004 Holiday Shopping Behavior
Study
"In the five year history of the study, selection has
consistently increased as a motivating factor in where
consumers spend" - Dan Surdell, President, Meridian...more
Maytag
Reports Net Loss In Q4; Lowers Guidance For 05'
Maytag Corporation today reported fourth quarter
consolidated sales of $1.16 billion, down 8.4 percent from
sales of $1.27 billion in the same period last year...more
Rent-Way
Beats The Street; Same Store Sales Up 3.4%
"We had an excellent quarter reflecting our team's hard work
and successful execution of our plan to continue improving
operating margins in our core stores while moving forward
with our new store opening program"- William Morgenstern,
Rent-Way's Chairman and CEO...more
Furniture Brands International
Reports Weak Q4
Throughout the first half of the year we saw positive order
trends at our upper-end companies (Thomasville, Henredon, Drexel Heritage and Maitland-Smith) and negative
trends at our middle-price companies (Broyhill and Lane)"...more
Consumer
Confidence Edges Up in January
"...consumers' short-term outlook remains favorable and
suggests the economy will continue to expand throughout the
first half of this year"- Lynn Franco, Director of The
Conference Board's Consumer Research Center...more
Home Now
Rental Ownership Begins
Recruiting RTO Pros
Home NOW Rental Ownership, a division of retail furniture
giant Badcock, gave RTO Online a peek at the company's new
logo and announced plans to begin
recruiting staff for concept stores...more
Bognar to Lead Maytag's Sales
Organization
Bognar, currently vice president and general manager, Canada,
for Maytag International, will replace Christopher D. Wignall,
who will assume a new role working on special projects
focused on Maytag's growth initiatives...more
Idaho
Payday Lender Agrees To Change Practices; Agreement Reached
With Idaho Department Of Finance
"This agreement resolves concerns that have arisen during
an investigation of Check ‘n Go’s payday lending activities in
Idaho"-Gavin Gee, Director of the Idaho Department
of Finance...more
Pitfalls Of Financing Rental Inventory With Credit Cards?
Many dealers soon find themselves in the position of making
credit card payments on inventory contracts that have paid
out...more
Manager Mark Shaw Wins Double Diamond Award For Highest
Revenue in ColorTyme System
(70 Photos)
"This took a lot of hard work from my staff and I want to
tell them thank you." said Shaw. He added that his secret is
hiring the right people and have them help you achieve high
goals."...more