07-08-02
RTO Online
Friday you're the Executive VP over 25% of the nations Rent to Owns...Monday
you're CEO of 69 stores...and you do it on purpose!
That's the scenario facing a man who obviously loves a challenge. Dave Kraemer,
former EVP of Rent A Center, now President and CEO of Bestway, brings
considerable 'gravitas' to the struggling company, and by all accounts is more
than up-to-the-task.
On the surface, the differences between Rent A Center and Bestway are
staggering, but the bottom line of 'Rent and Collect' are the same whether you
operate 1 or 1,000 stores.
Only time will tell what the future holds for Bestway under Mr. Kraemer's
leadership. One thing is certain...it will be a 'hell of a ride'. As one insider
put it "You don't get to be EVP by being a slouch".
Some Comparisons
Source
Market Guide
| |
Rent A Center |
Bestway |
| Stores |
2635 |
69 |
| Employees (last reported count) |
12,700 |
351 |
| Revenue per employee |
147,042 |
$96,903 |
| Sales (TTM) vs TTM 1 Yr. Ago |
+13.26% |
-6.60% |
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