03-21-02
RTO Online

Rainbow Rentals opened its 114th store on Monday. The 4700 sq ft store is Rainbows 5th in North Carolina and first in Winston Salem. Company officers state a 6th store will be opening in Fayetteville in April.

COO Larry Hendricks..."North Carolina has been a strong market for us, and we are pleased to expand here... We are extremely excited about becoming part of the Winston-Salem community."

Store Manager, Stephen Lynn, told the local press he intends to meet and exceed Rainbows average $1,000,000 per store revenue (double the industry avg.). GO STEVE!

Manager Lynn also shared that Rainbow intends to open 2 stores per month for the next 6 months. Bringing the 4th largest Rent to Own operator in the US to an even 120 stores.

RTO Online wishes Stephen Lynn and his crew a "Grand" opening and smooth sailing in 2002.

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