|
The Insta-rent kiosks allow The Brick or
United Furniture Warehouse customers, who may not qualify for
special promotional programs, to take advantage of Insta-rent's
rental or rent-to-own programs
Rentcash
Inc. announced today that it has updated its store opening schedule with The
Brick Group Income Fund whereby Insta-rent, a subsidiary of Rentcash, operates
Insta- rent stores within the store locations of two subsidiaries of The Brick
Group Income Fund,
The Brick Warehouse and United
Furniture Warehouse.
The Brick and United Furniture Warehouse have 162 retail stores across Canada,
including twelve franchise locations. Insta-rent has existing operations in 46
of these stores. Insta-rent plans to rollout approximately 114 new stores over
the next 24 months at the rate of 4-5 new openings per month.
Under the terms of the existing agreement, The Brick and United Furniture
Warehouse provide retail space within their present stores to accommodate a
specially designed Insta-rent kiosk. The Insta-rent kiosks allow The Brick or
United Furniture Warehouse customers, who may not qualify for special
promotional programs, to take advantage of Insta-rent's rental or rent-to-own
programs. Store operating profits from each Insta-rent location are shared with
The Brick and United Furniture Warehouse.
"Our association with The Brick Group offers customers the best selection of
brand name quality products the rent-to-own industry has to offer." said Gordon
J. Reykdal, Rentcash's President and Chief Executive Officer. "This new schedule
strengthens the Insta-rent new store expansion plan within one of the largest
volume retail chains in Canada for household furniture, mattresses, appliances
and home electronics."
"We value our association with Insta-rent," said Kim Yost, President and Chief
Executive Officer of The Brick. "By providing Insta-rent's rental and
rent-to-own programs within our stores, customers truly need not go anywhere
else for their furniture, appliance or electronic needs. Virtually every
customer entering our doors can walk out knowing that we can satisfy their
needs."
|
RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
|
Tell us what you think
Rate the article at the top of this page |
|
|
|
|