Big Screen Delivery Just Got Easier
United, One Source Solutions is announcing the launch of
their innovative new delivery product, the ProSeries® Guard
Dog. Designed to meet the needs of RTO delivery
professionals, the big screen dolly makes deliveries safer
and easier than ever...more
Budget
Phone, Inc. Continues National Expansion With Customer
Friendly Products
Budget Phone is the largest prepaid home phone service
company in the United States, offering customer friendly
products such as prepaid home phone service, prepaid long
distance calling cards and wireless recharge...more
Convention coverage
54
Vendors Show Goods At TARA Tradeshow (68 photos)
54 Vendors, a record for TARA (Texas Association of Rental
Agencies), displayed goods today at the association's 22nd
annual tradeshow...more
Rent To Own Legislation Introduced In New
Jersey
New Jersey Assemblyman
Wilfredo Caraballo (D-29; Essex and Union) has introduced
A3851, the New Jersey
Rental-Purchase Consumer Protection Act. New Jersey is one
of the last remaining states with no state statute regulating
rental purchase agreements...more
Convention coverage
Bagpipes Start TARA Golf
Tournament (33 photos)
Ignore the GPS equipped golf carts and it was not difficult to
imagine yourself at St. Andrews as
the bagpipes played in the misting rain, and players in the
annual
TARA Golf Tournament filed onto the course (listen)...more
Convention coverage
Ashley Furniture Industries Celebrates 60th Birthday; Sees
Rent to Own Industry As Key To Success
"We want [rent to own dealers] to know we support them in
what they do" - Bill Meadors, Ashley Vice President Sales,
Casegoods Division...more
Convention coverage
TARA Welcomes Convention Attendees With Casino Night (34
photos)
TARA (Texas Association of Rental Agencies) Held a Casino
Night to welcome attendees to the groups 22nd annual
convention in San Antonio, Texas Saturday...more
The Coalition for Fair Rental Regulations
Invites RTO Dealers To Join Effort; Legislative Conference
Set For April
The Coalition for Fair Rental Regulations, representing 4,300+
rental-purchase stores in America, cordially invites you to join
with us in continued support of Federal Rental-Purchase Consumer
Disclosure legislation...more
Rentcash Announces Listing Date on the Toronto
Stock Exchange
"Our
listing on the TSX is
reflective of Rentcash's rising profile in the investment
community" - Gord Reykdal, President and CEO, Rentcash...more
Rent-A-Center Restructures Advertising; Some
Functions To Be In-House
"The
new structure is an unbundling of services that will allow
us to tap best-in-class resources for the various marketing
and advertising disciplines" - Ann Davids, VP Marketing and Advertising,
Rent-A-Center...more
SED International Adds Home Entertainment Gear
From Pioneer to Its Offerings for the Rent to Own Market
"I
am confident Pioneer Electronics will become the leading
line of consumer electronics within the RTO channel" - Chuck Marsh, senior vice president
purchasing, SED International...more
Hoss Power Named North American Distributor
For Soundaround
Soundaround is a New York based company that is the master
distributor for car and home audio related products that entail
such brands as Pyle, Pyle-Pro, Lanzar, Blitz, Legacy and
Pyramid...more
Premier Rentals Announces Partnership With American Tire
Rental Founder Scott Savell; Company To Begin Licensing Free
Standing Wheel and Tire Stores
Premier Rentals and
American Tire Rental, have announced their new venture called
Premier Wheel Rentals. They soon will help Premier dealers
license free-standing Wheel Rental stores with an unprecedented
support system...more
Celebrating Women in
Rental Purchase; Newsletter Launched To Focus On Issues Facing
Women In The Rent to Own Industry
"Historically,
women have been a minority in RTO industry, but the actual
number of female employees and female vendors remains
undocumented" - Mamie Salazar Harper, Owner Fiesta Rentals...more
LFC
Discusses "Long
Term Financing Instrument" To Assist Growth Of RTO Companies
"A one-store RTO
dealer in his third year of business, should utilize Lump
Sum Capital Injections of $35k to $75k for inventory
purchases with a 24 month payback" - Bill Lassiter, of
Lynnray Financial Corporation...more
Texas Rental Dealers
Counting Down To Convention
The 22nd annual Texas Association of Rental Agencies
(TARA) convention begins Saturday, March 19th, 2005. Association officials have invited RTO
dealers from all surrounding states in an attempt to
'regionalize' the show...more
easyhome Board Approves Up To 10% Stock
Re-purchase
The Board of Directors of easyhome Ltd. believes that the
proposed
purchases are in the best interests of easyhome Ltd. and are a
desirable use of corporate funds...more
Why It's Difficult for Marketers to Reach
Women 25 to 54; Sixty-two Percent Have Little Time for
Commercial Messages
A national survey reveals why
marketers find it more difficult today to reach women ages 25 to
54 -- a powerful demographic group of 53 million women. The
conclusion: They have much more on their minds today than five
years ago as more things compete for their attention, leaving
little time for commercial messages...more
Survey Says Americans Extremely Optimist
About The Future
"These numbers suggest an America that is very hopeful about
job prospects and not too worried about their own
circumstances" - Britt Beemer, America's Research Group...more
Consumer Rental Purchase Agreement Act of 2005
Introduced In Senate
Senator Mary Landrieu (D-LA), a
supporter of consumer focused rent to own legislation,
introduced the Consumer Rental Purchase Agreement Act of 2005
(S603). Like S884, introduced by Landrieu in the 108th
Congress, S603 would amend the Consumer Credit Protection
Act...more
Pannell Family Opens Seventh ColorTyme; First in
Alabama
“Being a
ColorTyme franchisee allows us to be a better neighbor to
our customers,” said Richard Pannell. “We communicate with
fellow franchisees and share ideas to find new solutions and
ideas to offer our customers the best service.”...more
Industry
Event Coverage
easyhome Conference Wraps
The 2005 easyhome National Conference wrapped Thursday with
the company's annual black-tie awards gala where easyhome’s
top performers were rewarded and recognized for their
outstanding achievements...more
Industry Event
Coverage; Photo Gallery
easyhome Conference
Kicks Off In Toronto
"This is a great opportunity for our store managers to see
our complete 2005 product selection and interact with our
vendor partners" - Dave Maries, Vice President, Marketing &
Merchandising...more
Nintendo Gives Glimpse Of Next Generation Game
Console; Code-Name "Revolution"
Nintendo’s next game console, code-named “Revolution,” is
proceeding on schedule and will include both backward
compatibility and Wi-Fi features...more

Interview With LG Electronics VP Bob Perry
"Our philosophy is that different retailers have different
needs, but we do not create an environment where one type of
retail distribution can kill the other" - Bob Perry, Vice
President Sales and Channel Marketing for LG Electronics...more
Arkansas
Judiciary Committee Tables Amendment To Rental Purchase Act;
ARDA Meets With Bill Author
The quick action of the ARDA network helped convince
Senators of the potential negative impact on consumers...more
JVC Recalls 26,000 Big Screen TVs
The recalled rear projection televisions were manufactured
between May 2004 and November 2004 and have the following
model and serial numbers...more
Industry Event Coverage;
Photo Gallery
TRIB Members Discuss New Technology at Meeting Of The Minds
(56 Photos)
Day one of the The Rental Industry Buying Group's (TRIB) 5th
Annual Meeting of the Minds began in earnest Wednesday
afternoon when dealers discussed key issues facing
independent RTO business owners. Discussions focused on new
rental products and how technology can improve productivity
and profits...more
Industry event Coverage
TRIB Meeting Of The Minds
Reports Record Attendance
Karl Wicker, TRIB's Member Services Coordinator, expects a
record 92 attendees from around the country. "I think the
word is getting out that this is a unique opportunity for
dealers to share detailed operational strategies,"...more
Arkansas Democrat Introduces Industry Killer Amendment To
Rental Purchase Act
Arkansas State Senator Sue Madison (D-7) yesterday submitted
Senate Bill 1016 (SB1016), an Act to amend the Arkansas
Rental Purchase Act. Among other radical changes, the Act
limits the total cost of rental purchase agreements to 150%
of the Cash Price as defined by the Act...more
Breaking
News
Bryce Co. Acquires Continental Jewelry Express
Bryce Co., the fastest growing supplier of jewelry programs
to the rental purchase trade, today announced the
acquisition of Continental Jewelry Express, the rent to own
division of Continental Jewelry, one of the largest
specialty retail jewelry suppliers in the United States...more
easyhome Reports Same Store Sales Up 9.9%;
Customer Count Up 16%
"We
were particularly pleased with the speed at which the average
new store achieved profitability in month 5 compared to our
model based on historical run rates of 10-12 months" - David Ingram, President and CEO...more
First Bank of Delaware Issues
Statement On Effects Of New Payday Loan Guidelines;
Developing Alternative Loan Products
"...it is not possible to predict whether the development of
such loan products will mitigate the adverse effects of the
revised guidelines" - First Bank of Delaware...more
Rentcash
Moves To Big Board; Announces Toronto Stock Exchange
Listing
"Meeting
another major milestone for Rentcash should further help us
continue with our aggressive growth and store expansion
strategy" - Gord Reykdal, Chairman and CEO...more
Furniture Brands International
Sees Weak Q1
"We
continue to believe the weakness in consumer confidence is the
primary driver of dampened demand in the furniture industry" - W.G. (Mickey) Holliman, Chairman of the
Board and CEO...more
Sony
Announces New Management Structure
Sir Howard Stringer will assume the position of Chairman,
Group CEO and Representative Corporate Executive Officer,
Sony Corporation...more
TRIB Group Prepares For Meeting Of The Minds
"This is an open forum meeting for members to share opinions
on rent to own issues, discuss what products are hot and
which are not" - Dennis Shields, Executive Director of TRIB...more
easyhome Settles Class Action For $7 Million
In Coupons
"we
remain convinced that we are in the merchandise rental
business, and that our agreements do not include charges of
any interest whatsoever. Nonetheless, it made good business
sense to avoid the expense, time and distraction that this law
suit created" - David Ingram, President and CEO of easyhome...more
Iowa
Democrat Introduces Bill To Ban Payday
Lending Statewide
If passed, HF101 would deny all Iowa consumers the right to
choose a deferred deposit loan after July 1, 2005. Loans in
force at that time would continue according to the terms of
the note...more
Specialty Retailer Grupo Elektra Begins Operations in Panama
“This
is the first step for Grupo Elektra to start replicating in
other countries our successful business strategy implemented
in Mexico, which combines retailing with banking operations" - Javier Sarro, CEO of Grupo Elektra...more
FDIC Issues Revised Payday Lending Guidelines;
Threatens Action
"If
institutions engaged in payday lending activities fail to
operate in a safe and sound manner, the FDIC may take a range
of actions which may require institutions to discontinue
payday lending" - FDIC...more
Bryce Co. Launches RTOjewelry.com; RTO Jewelry Supply
Website Offers Online Fulfillment And Order Tracking
To further enhance dealer value, Bryce Co. will offer all
RTO dealers a branded online jewelry website of their very
own at no charge. "Rent to Own companies can use the branded
website as a real-time sales tool for rental customers,"
said Collins. In yet another Bryce Co. innovation,
RTOjewelry.com lists Manufacturer Recommended Rental Rates
for all merchandise...more
10 Questions For Brent Atkinson; easyhome's
Marketing Manager
"Our
test stores clearly found that customers were primarily
concerned with affordability on a week to week basis." - Brent Atkinson, Marketing Manager for
easyhome...more
Aaron Rents Acquires New York Franchisee for $7.3 million
The stores were acquired from RNTL Holding, Inc., a
franchisee of Aaron's Sales & Lease Ownership since 1996...more
Service Manager Derrick Peterson Awarded RentWay's Highest Honor
"Derrick
is a unique and inspiring individual both to the team of
technicians he supervises at RentWay and to the community he
loves and serves
as well" - Bill Short, RentWay's Chief Operating Officer...more
Sealy Reports Record Revenue
"We
have achieved strong mix improvements from our new products as
well as improved manufacturing efficiencies" - David J. McIlquham, Sealy's Chairman and CEO...more
Jerry Bogo Changes Name to M&B Jewelry; New
Plant and Distribution Center Opening In April
"Our name has changed, but our mission remains the same; To
Provide Quality Merchandise, Superior Service, and Exceptional
value to our customers" - M&B Jewelry, formerly
Jerry Bogo...more
Arkansas Rental Dealers Gather To Discuss Recent Events
The
Arkansas Rental Dealers Association (ARDA) held its
first-ever Winter Gala last Friday at the Capital
Hotel in Little Rock, Arkansas...more
Rentcash Adds Payment Protection Plan For
Consumers
"The Payment Protection Plan is part of our overall strategy
to introduce new services to our customers, both for
protection and financial convenience" - Gordon J. Reykdal, Rentcash
President and CEO...more
Rent-A-Center Kicks Off Big
Brothers Big Sisters Fund-Raiser; Donations Accepted in Stores
February 28-March 26
I
once heard a man tell an audience how his Big Brother made a
difference in his life and how the relationship continues
after many years. That experience is repeated continually by
the bonds created by Big Brothers Big Sisters" - Mark Speese, chairman and CEO of
Rent-A-Center...more
Whirlpool
Sponsored Reba Tour Kicks Off April 15
I'm
thrilled that I'm able to team up again with these two great
organizations to spread the word about Habitat and the strong
commitment of Whirlpool" - Reba McEntire...more
Arkansas
Rental Dealers Ready For Gala
Tom Hardin, an attorney with the Rose Law Firm, will be
speaking regarding usury laws in the state of Arkansas...more
Aaron Rents Reports Same Store Revenues Up
8.0%
"This
is the best year in the Company's history, now in its 50th
year. We plan to continue to aggressively expand our Aaron's
Sales & Lease Ownership business in 2005" - R. Charles Loudermilk, Sr., Chairman and
Chief Executive Officer...more
IRS
Unveils Simplified Form 941; Employment Tax Return
"The new 941 is much easier on the eye and much more
user-friendly" - Scott Mezistrano, Senior Manager, Government
Relations, American Payroll Association...more
Aaron Rents Directors Declare Dividend
The Board of Directors of Aaron Rents have declared a
quarterly cash dividend of $.013 per share...more
easyhome Webcast Conference Call Scheduled For
March 8
easyhome CEO David Ingram will review the company's
performance for the quarter ended December 31, 2004...more
Ontario Rent to Own Entrepreneurs Honored
"This
is a testament to the hard work and dedication of our staff
and the strength and commitment of our industry to the Niagara
Peninsula" - Gary and Jeff Clemmensen, owners of Mac
Frugal’s Furniture...more
Texas Association Of Rental Agencies Membership Up 30%;
Expects Record Attendance At March Tradeshow
"We’ve had explosive membership growth of 30%
in the past 12 months" said Lynn Clark, TARA Executive
Director. The membership increase is due in large part to
the associations atmosphere of inclusion...more
Whirlpool, Maytag Receive
EPA Awards
Among the reasons cited in naming Whirlpool Partner of the
Year was the company's integration of ENERGY STAR with their
work on behalf of Habitat for Humanity International...more
Job Study Reveals
New Englanders Least Satisfied in the Workplace; Midwest and
South Offer Best Work-Life Balance
58 percent of respondents say they love what they do for a
living; Only 43 of men in New Jersey, New York and Pennsylvania
indicate the
same. 63 percent of men in the South love what they do for a
living;
5 percent more than the national average...more
Samsung Names Peter Weedfald Senior VP, Sales
and Marketing for the Consumer Electronics Division
Weedfald, who joined the company in 2001, will also continue
his current responsibility as Senior Vice President of North
America's Strategic Marketing team...more