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RentDirect Preview
Creative Chill; The Coolest Rent to Own Product of 2008
The refrigerators hold up to 60 cans of your favorite beverage
and they come with the logo of your favorite collegiate sports
team which makes them a very appealing item on a regional level...more
RentDirect Preview
Quarter of a Million Reasons Why RTO Dealers Choose E.H.P. Direct South
There are distributors and then there are fulfillment partners.
What's the difference? While both fill similar roles in storing,
selling and then getting merchandise to rental stores, a
fulfillment partner tends to be more focused in its approach...more
RentDirect Preview
Frigidaire's RentDirect Program; Wash Upon a Star
Today, rental customers closely follow trends in the retail marketplace and demand more in performance and appearance from their home appliances. Advancements by companies like Frigidaire have made today's appliances not just more attractive, but also more energy-efficient...more
RentDirect Preview
GE Supplies RTO Industry Appliances That Work as Good as They Look
GE Appliances will showcase its latest design successes at the Nationwide RentDirect show in Dallas, including new French Door Refrigerators and the latest colors in laundry pairs...more
RentDirect Preview
Extend the Life of Rent to Own Appliances With Anti-Vibration Pads From Kellett
"Three years ago, when front load washers first became prevalent
for home usage, we noticed an increase in consumers visiting our
industrial products website," said Beverly Davis, Vice President
of Sales and Marketing for Kellett Enterprises, Inc...more
RentDirect Preview
Marcone Appliance Parts and Supply For the Rent to Own Industry
Marcone is a third-generation, family-owned business that is
well-known as the #1 product support company in the country with
world class service provided through each of its 40 nationwide
locations...more
RentDirect Preview
New Appliance Line From Sunbeam is Winning RentDirect Members
The Sunbeam line up includes such appliance standards as ranges, refrigerators, and tabletop microwave ovens. They also offer 'lifestyle'
appliances like room air conditioners and even beer and wine
chillers...more
RentDirect Preview
Whirlpool and RentDirect; Building Blocks 2007
The Whirlpool¨ Building Blocks homes were built on a recently
donated piece of land in Guadalupe, a small community located
between Phoenix and Tempe, Arizona. From start to finish, nearly
300 volunteers raised walls and roofs...more
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RentDirect Preview
Capital Inventory Solutions Provides Rent to Own
Dealers Unique Inventory Financing Alternatives
Capital Solutions for the Home Product Industry's' name
says it all. The company has a proud history of
providing rental dealers with unique and varied
financing opportunities and creating new programs to
keep the rental business model a profitable one...more
RentDirect Preview
Keeping Your RTO Cash Flow Positive; Lynnray
Financial
With the rental transaction taking in a mere
fraction each week of what the merchandise cost the
rental owner to acquire, RTO stores are always in a
cash flow crunch. Lassiter says that's why dealers
need the financial vision of a company like Lynnray
Financial securely in their corner...more
RentDirect Preview
Textron on A Mission to Finance the RTO Industry's
Inventory
In addition to providing Home Source™ retail
financing and FasTurn™ wholesale inventory
financing, Textron Financial also offers a Dealer
Credit Line product which brings rental store owners
lower rates, streamlined order processing and
incredibly responsive inventory financing...more
RentDirect Preview
Dimplex Electric Fireplaces Lead Hot-selling RTO
Category
Nothing says "home" quite like a warm hearth. According
to the National Association of Home Builders, a
fireplace is one of the top three most-desired features
for new homebuyers...more
RentDirect Preview
Artistic Resources Rent to Own Wall Art Program
If a picture is worth a thousand words, than a testimonial about a picture
program should be much longer. Yet rental dealers who have experienced success
with the Artistic Resources wall art program sum up their experience in just a
few words...more
RentDirect Preview
Guardsman Helps Rent to Own Companies Extend the
Life of Rental Inventory
Guardsman offers the most complete selection of
furniture care products and is considered an industry
leader. Guardsman products are developed with furniture
manufacturer's specifications in mind, and are
formulated to solve most furniture repair problems...more
RentDirect Preview
The High Definition of Rent to Own Art
Remember the first
time you saw the crisp, clear picture of a
high-definition television image? You wanted to
reach right in and touch the scene, it looked so
real. Well that same impulse occurs the first time
you see HD Canvas Art in person...more
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RentDirect Preview
Helping RentDirect Members Make the Most Of Home
Furnishings
One of the company's strengths is a spectacular array of
styles available at price points between $180 and $200
per piece. The Entree Casual Dining brand covers a wide
selection of exceptional value and well designed casual
dining...more
RentDirect Preview
Ashley Focuses On Rent to Own Channel
Ashley Furniture Industries is hardly your typical
furniture company. As the nation's top-selling furniture
brand, Ashley continues to dominate the industry and
differentiate its offerings by working with customers as
a complete business partner...more
RentDirect Preview
Baseline Licensed with NASCAR to Produce Unique RTO
Sports Furniture Line
With two years of sales under its belt, Baseline
Licensing Group has proven how well sports furniture,
officially licensed with the team logos featuring the
NFL, Collegiate logos, NASCAR, MLB and NBA, performs
from a quality and retention standpoint with the RTO
customer...more
RentDirect Preview
Catnapper; Supplying RentDirect Members with Nine Lives
Catnapper provides unique motion furniture to rental
dealers in several categories – rocker recliners,
Leather Touch recliners, Heat and Massage recliners, the
patented Pow'r Lounger recliners, motion sofas, motion
leather sofas and sectionals...more
RentDirect Preview
Coaster Company Takes RentDirect Coast to Coast
Coaster's inventory contains no less than 3,200
different items, all of which are kept in-stock at each
of their seven warehouses across the country. The
company's on-hand inventory includes living rooms,
bedrooms, and dining rooms plus occasional tables and
decorative accents like mirrors and lamps...more
RentDirect Preview
Real Furniture Real Fast; Innovex Ready to Assemble
Furniture
Innovex Home Products is a leader in the
ready-to-assemble office furniture industry, but you
won't find any oak desktops in their lineup. Instead,
Innovex prides itself on a more European design
sensibility that's perfectly in line with RTO...more
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RentDirect Preview
Legends Furniture Invites RentDirect Members to
Reconnect With the Good Life
From their humble beginnings back in 1990 in an 800
square foot garage to Legends Furniture's shiny new
state-of-the-art facility on 26+ acres, the company's
focus on quality and customer service has never wavered...more
Vegas Furniture Market Final Report; 50,000 Attendees From 100 Countries
Total
registrations well exceeded the historic 50,000 average, and
included registrations from more than 100 countries – on par
with January 2007's mega market which featured the opening of
Building B...more
Aaron Rents Reports Same Store Sales Increase; Earnings Drop in Q4
For the year, revenues increased 13% to $1.495 billion compared
to $1.327 billion for the 2006 year. Net earnings were $80.3
million versus $78.6 million a year ago. Diluted earnings per
share were $1.46 for 2007 and $1.47 in 2006...more
Aaron Rents Earnings Webcast Set For Wednesday February 20
In January, Aaron's lowered its guidance citing "challenging conditions."
Aaron's is expected to report a 3.9% increase in same store revenues
for the Aaron's Sales & Lease
Ownership
division...more
Multi-Room Entertainment System Sales to Double in Five Years
The lower cost and proliferation of easy-to-install
wireless entertainment technologies could open up a
whole new market for rent-to-own and leasing companies...more
RTOFunding.com Reaffirms Commitment To Rent-to-Own Industry; Signs unique Funding Agreement
RTOFunding.com, a new financial
resource for the rental-purchase industry powered by Vanguard
Leasing, today announced the successful funding of Rent Your
World, an RTO store located in South Carolina...
more
Blu-ray Win Doesn't Solve Basic Consumer Issues
Many are claiming that Wal Mart's
recent decision to carry Blu-ray exclusively is the death-knell
for HD-DVD. While this may be true, HD-DVD going the way of
Betamax does not solve the much larger issue...more
Worldwide LCD TV Shipments Surpass CRTs for First Time
LCD is the
only other technology that extends down in screen size to less
than 20”, which makes it a natural replacement to CRT TVs, as
consumers upgrade and CRT TV tube capacity shrinks...more
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RentDirect Preview
TruckSkin Makes Your Rent to Own Fleet a Roving
Billboard
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
RentDirect Preview
Adobe Commercial Trucks Helps The RTO Industry Keep
On Truckin'
It's pretty simple math. A company purchasing one truck
will never get the same price as a company purchasing
several dozen in a single year. That is why smart
independent dealers call someone like Wes Grizzle, Sales
Specialist for Adobe Commercial Trucks, formerly Kelly
Commercial Trucks...more
RentDirect Preview
Salem Logistics; The Smartest Link in Your Rent to
Own Supply Chain
Calling Salem
Logistics a transportation company is like calling
Microsoft a computer company. It's an accurate
description, but it doesn't do nearly enough to
explain the myriad of services and capabilities each
company provides...more
Bauer, Newman Open Harrisburg Pennsylvania Premier Rental Purchase
With 28 years of RTO experience between them, Dave Bauer
and Shawn Newman have gone into business together,
opening their first Premier Rental-Purchase store in
Harrisburg, Pa...more
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Older, White Households More Digital-Ready than Younger, Black and Hispanic Households
Nielsen found that adults over 55 are better prepared than
younger households; and Whites and Asians are more ready than
Blacks. More Hispanic households still rely on analog,
over-the-air broadcast television than non-Hispanics...more
RentDirect Preview
Pump Up Your Rent to Own Store Signage
Experts say that a print-on-demand signage program is
one sure way to increase the perceived value of your
merchandise, and enhance the in-store effectiveness of
your external marketing program...more
RentDirect Preview
One Stop Rent to Own Industry Uniform Stop
Employee uniforms have begun to expand beyond the
prevalent but predictable denim shirt/khaki pant combo
and into a wider range of shirt and pant styles...more
RentDirect Preview
Rent to Own Store in a Box
Much has changed since Pensak's first rental show, and
his business has grown and changed right along with the
rental dealers he serves. Today, INform Print &
Promotions offers every form a store needs plus several
other items, including LED signage, ad specialties,
promotional items and even advertising materials...more
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RentDirect Preview
Retaining Your Rent to Own Customers
Out of 250 different types of RTO mailers, about 25-30
really work. Statistics show that for every 500
customers a store has on rent, 150 are simultaneously
renting from a competitor...more
Is Your TV Ad Campaign Super Bowl Worthy?
There must be a
happy, affordable medium between a $1 million CGI production and
a guy in a cheap suit screaming 'first week free'...more
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Rent-to-Own Professional Training Series Topic #1; Five Tips For Making Change Stick
In truth, driving sustainable change requires persistence, skill
and hard work. Armed with a strategy and an understanding of
what it takes to make change stick, you can be successful. Below
are five things you need to know and do to lead sustainable
change...more
RTO Online Launches Rent-to-Own Professional Training Series
RTO Online announced the launch of the Rent-to-Own Professional Training
Series - a weekly series of articles aimed at providing
professional and personal development to owners, executives and
managers of rental-purchase / leasing companies...more
Republican Trio LaTourette, Aderholt, King Cosponsor
Rental Purchase Agreement Act
Congressman LaTourette is serving his seventh term in
the United States House of Representatives and is a
longtime member of the House Committee on Financial
Services, where he serves on the Financial Institutions
and Consumer Credit subcommittee, the committee of
jurisdiction for the Consumer Rental Purchase Agreement
Act...more
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Jaclyn Smith to Speak At High Point Furniture Market
Jaclyn Smith will the guest speaker
at the WithIt Educational Breakfast to be held during the April
High Point Furniture Market. Smith's topic - "Making Savvy
Business Decisions without Sacrificing Your Values."...more |
Video
Is Retail The Next Big Rent-to-Own Thing?
Furniture
accounts for roughly half of all rent-to-own industry revenue.
But most U.S. consumers don't even consider renting furniture -
it's simply not on the average furniture or appliance consumer's
radar as an acceptable means of buying...more |
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Missouri Reps Akin and Graves Support Rental Purchase Agreement Act
Seven of Missouri's nine Representatives now cosponsor the
Act including the bills primary sponsor, Democrat
William Lacy Clay...more
Tax Rebate Checks to Pump $43 Billion into Economy
The $152 billion measure will provide tax rebate checks
of up to $600 per working individual and $1,200 per
married couple, plus $300 per child for families with
children and new tax incentives for job-creating
business investments...more
RentDirect Preview
Advertising Made Easy; RTO Life is Better When You Know
Jack
Jack Sweat says both the commercials and also the print
materials feature a variety of offers that dealers can
select to customize the promotion to their market. And,
thanks to the huge volume of print managed by AME (more
than 10 million circulars a month!); the company will
pass increased cost efficiencies along to dealers via a
new "DIZCOUNT" printing program...more
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RentDirect Preview
Have a Banner Rent to Own Year
Think only the major rental chains have access to
dedicated marketing partners? The kind who make sure
their advertising programs are consistent, on brand, and
within budget? Think again, says Bill Sauther, President
of Banner Retail Marketing Group...more
Rate of Business Openings In Rural Versus Urban Areas Nearly Equal
The
differences in the rate of business births and closures between
rural, suburban, and urban areas, while statistically
significant, is in fact quite small...more
Bedding Association Reports Successful Summit
Mattress manufacturers
and their suppliers, met with representatives of leading
mattress retailers on February 7, 2008 in Naples, FL. to explore
opportunities to work together to expand the market for mattress
sales...more
Maintaining The Integrity Of The Rental Application Process
onsider this example. If you serve 25 customers a week
and spend $8.00 an hour for an employee to check all the
information on a customer's application, say at 15
minutes each, you will spend $216 a month and 27 hours
of time on the process...more
Employee Codes of Practice Vital For Dealings With Third Parties
Companies struggle with the competing tensions that
arise from developing business relationships with local
partners that aren't always mindful or responsive to a
broad range of stakeholder concerns...more
Virginia House Passes Payday Loan Rate Cap; Bill Goes To Senate
The Payday
Loan Act prohibits a payday lender from making a payday loan if
the loan would cause the borrower to have more than one payday
loan outstanding at the same time, or more than five loans in a
year...more
RentDirect Nationwide to Set Another RTO Industry Attendance Record
Management Credits
Interest in Bud Gates' General Session and RentDirect's New
Quarterly Rebate Program with Generating Largest-Ever
Pre-Registration Numbers...more
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easyhome Schedules February 22 Conference Call
easyhome,
Canada's largest rent to own company, will webcast it's
management conference call to discuss results for the fourth
quarter ended December 31, 2007...more
Hispanics Will Account For 30% Of U.S. Population By 2050
The Latino population, already the nation's largest
minority group, will triple in size and will account for
most of the nation's population growth from 2005 through
2050...more
Rent-to-Own Industry Legislative Action Tools on RTO Online
RTO Online
hosts a complete online legislative action tool-set for rent-to-own
industry professionals supporting the Consumer Rental
Purchase Agreement Act - S.1012 as introduced by Senator
Mary Landrieu (D) and H.R.1767 as introduced by
Representative William Lacy Clay (D)...more
RentDirect Preview
AMCASE Develops Complete Rent to Own Store Fixture
Set
The design of major appliances and home electronics has
changed drastically in the past several years, and it
only makes sense that the way rental dealers display
these items would change, too...more
RentDirect Preview
Protecting Your Rent to Own Assets With The Proper
Tools
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...more
Consumers Can Sue Debt Collector, Federal Court Rules
In the suit, Del
Campo v. ACCS, plaintiffs claim that ACCS's threats of
prosecution violated their rights under state and federal
consumer protection laws...more
High Point Announces Spring 2008 Furniture Market Entertainment Lineup
The Market Authority announced its
entertainment lineup for the Spring High Point Furniture Market
set for April 7-13, 2008...more
The R Word; Consumer Confidence Drops On Recession Fears
With consumer
spending driving 70 per cent of the U.S. economy, a pullback in
spending increases the risk that the country could tip into
recession...more
Video
Buying RTO Inventory; Interview With Bart Stamper, Executive Director, Premier Companies Purchasing Co-op
The rent to
own industry is always on the leading edge of tech. Our
customers want the latest and greatest technology. That's a
lesson learned over the last decade. The hard part is balancing
price and technology...more
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Business Activity Tax Simplification Act (BATSA) Introduced in House
BATSA ensures that a state may not
tax a business unless the business has some physical presence
within the state...more
New Jersey Rent-to-own Bill Introduced
With Ten Co-sponsors
The bill
protects consumers and clarifies the rights and responsibilities
of consumers and merchants by defining and regulating
rental-purchase agreements involving personal property used for
personal, family, or household purposes...more
Flexsteel Bucks Furniture Manufacturing Trend
Despite what the CEO of Stanley Furniture calls "the
longest and deepest furniture recession in a
generation," Flexsteel Industries seems, if not totally
unaffected, at least able to buck the downward trend...more
02-07-08
Photo gallery
Missouri Rental Dealers Continue To Expand Training Opportunities
Missouri has become one of the most active state rent-to-own
trade associations in the country by increasing member value
through programs like the Summer Training Seminar and other
value-building events...more
Video
Payday Loan Industry Launches New Ads Featuring Customers
As legislators, lobbyists and
consumer advocates argue both sides of the Payday Loan issue,
there is one group whose voice is not being heard - customers...more
Strong Rent to Own Background Makes DSI Warehouse Direct
The Right Choice
Not only is DSI the nation's largest distributor of
electronics and appliances, but they also employ a
dedicated RTO team made up of employees who have spent
decades in the field working for rental stores
themselves...more
Nunn Better - Nunn Company and RentDirect
Founded in 1910, Nunn Co. has enjoyed a slow but steady
growth rate that has allowed them to partner with their
dealers in a way that few other distributors have. With
a strong following in Texas, their coverage area extends
well into New Mexico, Oklahoma, Kansas and now Colorado,
as well...more
Conflicting Data on Consumer Awareness of DTV Transition
Survey results released in the last two months show
conflicting data regarding U.S. consumer readiness for
the 2009 transiting to digital TV broadcasting...more
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Iowa Senate Committee Votes To Modify Consumer Rental Purchase Agreement Law
The bill modifies the definition of "personal property" in the
Iowa consumer credit code contained in
Code chapter 537 relating to consumer rental purchase
agreements to exclude property in the form of a motor vehicle...more
Rentcash Same Store Sales Rise; Rent to Own Division Spin-off Progressing
"The rental
division remains well-positioned for the previously announced
spin-off to existing shareholders, anticipated to occur in the
third quarter of this fiscal year." - Gordon Reykdal, Chairman and CEO, Rentcash...more
Consumer Spending Intentions Drop; Nearly half expect to spend less in February
With optimism
decreasing, consumers who participated in the January Monitor
survey struck a decidedly cautious note when it came to spending
intentions...more
George Mason University and Colby College Release New
Study on Payday Lending
The study found that allowing individuals access to
payday loans improves the borrowers' ability to survive
financially...more
Sony Tops U.S. LCD Shipments For First Time
Samsung moved up to #2 at 12.3%, just half a percent
behind Sony as both brands exceeded a million units
shipped during the quarter...more
Rent
to Own Industry Supplier ALMO Tops 1 Million Sq Ft of
Warehouse Space
ALMO President and COO Warren Chaiken explains, "We
understand the products, we understand the rental
business, and we help even a small operation work under
a 'just in time' inventory process...more
Welton
USA; Providing Solutions to the Rent to Own Industry
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 23 years and
understands that rental stores have specific
requirements for merchandise...more
Former Ontario Premier Chief of Staff Joins Dollar
Financial Board
McLaughlin joined the office of the Premier of Ontario
in 1996 and while serving as the Chief of Staff had
responsibility for direct support to the Premier...more
Rentcash to Webcast February 7th Conference Call
Rentcash operates over 400 stores across Canada under
three banners: The Cash Store, Instaloans and Insta-rent...more
Rent-A-Center Reports Q4 Loss; Settles California Wage
Suit For $11 Million
"We are generally pleased with the results for the
fourth quarter...At the same time, the business
environment remains uncertain." - Mark E. Speese.
Chairman and CEO, Rent-A-Center...more
Family
And Medical Leave Act Extended To Cover Members Of Armed
Services
The Family and Medical Leave Act of 1993 (FMLA) now
permits certain family members to take up to 26
workweeks of leave to care for a member of the Armed
Forces. See printable version...more
Barack Obama Backs Plan To Cap Payday Loans
Payday loans have become an important offering of many
Rent-to-Own companies in recent years. Any anti payday
loan legislation would have a wide ranging affect on the
rent-to-own industry...more
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CPSC Gives Notice On Upholstered Furniture Flammability Standard
The proposed
rule would require furniture manufacturers, already under
extreme economic pressure, to use a combination of chemicals and
new manufacturing methods that would slow the spread of a fire
in upholstered furniture...more
Sustain and Grow Your Customer Relationships
There is a strong correlation between long-term business
success and long term customer relationships. Successful
businesses capitalize on every stage of the customer
life cycle-from customer approval, customer acquisition,
customer retention and customer growth...more
Groovy: 40th Anniversary of Summer of Love To Influence Furniture Styles in 2009
It's the 40th
anniversary of the summer of love and that's triggered a
nostalgic interest in the printed patterns from the late 1960s
to the early 1970s...more
Payday Lender Dollar Financial Added To NASDAQ Financial-100 Index
"We are honored to
receive this recognition from Nasdaq and to be included with the
top financial services companies in the world." - Jeffrey Weiss, CEO, Dollar Financial...more
RTO Online Reports 2007 Results; 53 Million Page Views
For the year ended December 31, 2007, user sessions increased
40% over 2006 to 4.5 million. Page views increased 52% to 53.6
million. Average page views per session increased 14% to 12.5...more
Microsoft Offers $44.6 Billion For
Yahoo!
"We have great respect for Yahoo!, and together we can
offer an increasingly exciting set of solutions for
consumers, publishers and advertisers while becoming
better positioned to compete in the online services
market." - Steve Ballmer, chief executive officer of
Microsoft...more
Plasma TV Shipments Smash Previous Record
Price parity with LCD and increasing availability of 1080p
models contributed to the 42% increase in global Plasma (PDP) TV
shipments in the fourth quarter of 2007 and a 62% increase over
the same quarter in 2006...more
Sealy Reports Twenty Percent Increase In Bedding Shipments; Rising Raw Material Costs Hurt Profit
"The
difficult consumer spending environment combined with rising
commodity cost pressures is expected to continue for the next
few quarters." - David J. McIlquham, Chairman and CEO, Sealy...more
Idaho Furniture Store Owner Wins Las Vegas Furniture Market's $250,000 Grand Prize
Urged on by
Robin Leach,
the 38-year-old Koerner, who has a successful family furniture
business, attempted to reach his wife by phone from the stage as
the crowd cheered...more
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Rent-A-Tire Acquires Rent-A-Wheel of Florida;
Company Plans Coast to Coast Expansion
"This acquisition gives us
a launching pad to the Southeast and brings us one step closer
to our plan of developing every major market from coast to
coast." - John Bowlin, Co-Founder and Co-CEO, Rent-A-Tire...more
Pioneer Plasma TV Sales Soft
Company officials also lowered operating revenue
forecasts because "plasma display sales are projected to
fall below forecasts chiefly in Europe and North
America."...more
Whirlpool Closes Two More North American Plants
"These
decisions, while difficult, are an important part of our overall
operating plans, and will help ensure that we remain competitive
in North America." - Al Holaday, Vice President, Whirlpool North America
Manufacturing...more
Ten Step Guide to Hiring Employees In Compliance With State and Federal Regulations
Understanding your regulatory requirements as an employer is
crucial to the success of your business. This guide lays out
ten easy steps for new employers to follow to ensure
compliance with key federal and state regulations...more
Bryce Acquires Rights to M&B Jewelry
The recently-finalized agreement will ensure an "uninterrupted
flow of merchandise" to customers of M&B Jewelry Designs...more
Congressman Barney Frank's Rookie Mistake
Since taking over the chairmanship of the House
Committee on Financial Services, Frank has been more
restrained in his rhetoric and, unlike most political
types both in and out of government, he actually admits
when he makes a mistake and does Mea Culpa better than
any politician alive...more
Consumers Have Major Misconceptions About Digital TV Transition
Of those who will
have at least one TV affected, nearly two-thirds (61%)
incorrectly believe they are not affected, do not know that they
are affected or are completely unaware of the transition...more
A New Breed of Rent-to-Own: Largo ColorTyme first to feature retail-inspired environment
Largo's first ColorTyme, which opened in early December,
represents the next generation store for the nation's oldest
rent-to-own (RTO) company, with an updated retail-inspired
design that will begin emerging at ColorTyme locations
nationwide in 2008...more
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01-30-08
Negative Rent to Own Industry Press At Fifteen Year Low
An analysis of archived press reports containing common keywords
and phrases associated with the rent to own industry shows that
although articles referencing the industry have
tripled since 1995, the percentage of articles
considered negative decreased from a high of 33.54% in 1995 to
just 2.43% in 2007...more
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Video
Premier Companies Choose AME To Standardize Nationwide Marketing
"Premier's
goal is to enhance the lives of consumers. We want consumers to
know that they can expect the same high level of service from
any Premier location in the country." - John Darden, Premier Companies Marketing Committee...more |
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Report: Weakness Forecasted For Consumer Spending On Furniture, Appliances, Electronics
"The four
month decline in the index suggests that, in the next few
months, there will be significant weakness in consumer spending
on consumer electronics, furniture, appliances, cars, home
improvement products and other big ticket items." - Ira Kalish, Director, Deloitte Research...more
Bassett Furniture 2007 Sales Fall 12%
"Our major
challenge in 2007 has been to continue to dedicate operating and
capital resources to staff our retail organization, to invest in
our marketing strategies, and to design and construct our new
prototype store while suffering through the worst industry wide
sales slump in memory." - Robert H. Spilman Jr., President and CEO, Bassett...more
Oops: Payday Loan Stores Do Not Target Poor Neighborhoods
"We are grateful the Virginia Pilot and reporter Meaghan
Hoyer have invested the time and resources to get the
truth about payday lenders and not just rely on the word
of our critics." - Darrin Andersen, President, Community
Financial Services Association of America...more
Vegas Furniture Market Update
Furniture: Hot Color Trends For 2008
Fashion and global trends are also strong precursor to what
will show up on home furnishings. Celebrity Bono's red social
action campaign took the color beyond trend and influenced
Pantone's chili pepper red. Environmental issues area also
spurring green beyond a color trend. Blue is the most popular
color with consumers and crosses over into many home decorating
areas in shades of pinks and purples...more
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Former Rent-A-Center CEO Bud Gates To Hold Q&A Session At RentDirect
ormer Rent-A-Center (NASDAQ:RCII) CEO Bud Gates has agreed to to a hold a question and answer session with
attendees following his keynote presentation at the upcoming
RentDirect Nationwide PrimeTime! buying show...more |
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Vegas Furniture Market Update
Ten Vegas Furniture Market Attendees Hit the Jackpot Monday
The Fashion 500 Runway Awards will randomly select 10
winners each day of market to receive $5,000...more
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Poll: Small Business Economic Confidence Falls to 18-Month Low
However, the
numbers that measure owners' confidence in their own businesses
have been fairly constant. It is too early to tell whether any
of the proposed stimulus plans are affecting the mood of the
small business segment of the economy...more
Consumers Shopping Online Up Forty Percent in Two Years
According to Nielsen, online shoppers tend to stick to
the shopping sites they are familiar with, with 60
percent saying they buy mostly from the same site. "This
shows the importance of capturing the tens of millions
of new online shoppers as they make their first
purchases on the Internet...more
Stanley Furniture CEO: "We're in the longest and deepest furniture recession in a generation."
"While the
industry-wide slowdown that began in late 2005 showed signs of
abating in early 2007, business conditions worsened as the year
progressed and we now find ourselves mired in the longest and
deepest furniture recession in a generation." - Jeffrey R. Scheffer, President and Chief Executive Officer,
Stanley Furniture...more
Vegas Furniture Market Update
Las Vegas Furniture Market GM
Palmer Retires
World Market Center announced today
that Dave Palmer, general manager of World Market Center, will
retire following the January 2008 Las Vegas Market. Palmer will
continue to serve as a consultant to World Market Center...more
Vegas Furniture Market Update
Former Century Furniture Industries President Bob Maricich Named CEO Of World Market Center in Las Vegas
Maricich
served for many years on the American Furniture Manufacturers
Association Board of Directors and most recently was the past
chairman of the executive committee...more
Locally Targeted Online Advertising Can Benefit Independent Rent to Own Companies
Most Rent to Own companies operate fewer than 5 locations.
National online advertising is ineffective if your target market
exists only in a single market or region. Enter locally targeted
online ad campaigns...more
Over Half of U.S. Consumers Want To Watch Super Bowl In High Definition
35% of consumers
are more likely to host a Super Bowl party of their own if they
have the HD experience at home...more
Vegas Furniture Market Update
Las Vegas Furniture Market Kicks Off Today
In the midst of a challenging economic climate, Las
Vegas Market is still moving at full speed. Organizers
are delivering a high-energy event to help attendees
capitalize on opportunities to grow profitably...more
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Video
Rent-to-Own Cars; The Next Big Thing?
SEADRA announced a $300 million floor planning program for RTO
dealers in 2007. Garner says Rent N' Ride is prepared to finance
start up inventory for rental dealers who are ready to parlay
their rental skills in a new category...more |
Bradenton, Florida Premier Rental Purchase Supports Meals on Wheels
Bradenton, Florida Premier Rental Purchase franchisees Ruben
Flores and Joshua Goss collected 600 pounds of food during a
December food drive for the local Meals on Wheels program. This
is the first of what the partners hope will be an annual
event...more |
Former LG Electronics VP Bob Perry Joins Panasonic As Senior Vice President
Former LG Electronics VP Sales and Channel Marketing for LG
Electronics Robert A. "Bob" Perry has been named Senior
Vice President of Panasonic Consumer Electronics Company
effective January 28...more |
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Measuring Customer Satisfaction Depends on Asking the Right Questions
Measuring customer behaviors by going beyond typical
customer satisfaction that measure only buying behaviors
are missing critical information that ultimately can
affect their bottom line...more
Super Bowl To Drive 2 Million HDTV Rentals, Sales
Rent to Own company's always see a
surge in rentals leading up to the Super Bowl. While most are
returned shortly after, some stick RTO professionals see special
event rentals as an opportunity to introduce their products and
services to a wider audience...more
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State of the Union Rated Poor by 4 Out of 5 Americans
Four in five Americans (81%) say that economy is going
poorly while just 16 percent say it is going well...more |
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Whirlpool
Suit Seeks To Halt LG Refrigerator Sales
Whirlpool Corporation (NYSE:WHR)
has filed a patent infringement suit against LG Electronics. If
successful, the suit would prevent the import of the majority of
the refrigerators sold in the U.S. by LG...more
Poll: Print Inserts Pass TV Ads In Influence; Consumer Purchasing intent Lowest Since 9-11
40 percent of Americans polled indicated they're less likely
to make purchases over $100 in the coming year, 24 percent more
than after 9/11...more
Women, Thirty Somethings Drive Increased Game Console Sales
Consumer
demographic data verifies that game console purchase by two
non-traditional consumer groups grew over-proportionately to the
whole: females and individuals over the ages of 35...more
Payday Lender EZCORP Reports Revenue Up 22%
"While our stock price has been challenged by what has
happened in the finance sector and the larger economy,
we continued to do what we said we would do and
delivered our 22nd consecutive quarter of year over year
net income growth." - Joe Rotunda, CEO, EZCORP...more
Video Podcast
Convention Coverage
Bleeding Blue and Yellow - Mike Lewis Named 2007 Premier Companies' Dealer of the Year
A true-believer, Lewis told RTO Online in an interview Tuesday,
"I bleed blue and yellow!" See
our Video Podcast Interview with Mike Lewis, 2007 Premier
Companies Dealer of the Year (running time 10:15)...more
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Aarons Founder Charlie Loudermilk Funds Learn and Earn Program
Fulton county Georgia schools will
pay students $8 an hour to attend after school tutoring programs
through the "Learn & Earn" program funded by Aaron Rents
(RNT) founder
Charlie Loudermilk...more
Aaron Rents New Store Drag, Reduced Same Store Sales Hurt Q4 Earnings; Lowers Guidance
"Although
conditions in some of our markets are currently challenging, we
are confident that the products and services we offer to credit
constrained consumers will continue to be in high demand in the
future." - R. Charles Loudermilk, Sr.,
Chairman and Chief Executive Officer of Aaron Rents...more
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