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Most Recent article on RTO Online
H E A D L I N E S
Most Recent
 12-01-08
RTO Magazine Publishes What's Hot in Rent-to-Own Computers
RTO Magazine, the rental-purchase
sector's leading trade publication, in conjunction with RTO
Online, the leading source of news and for
the rent to own industry, today released "What's Hot in Rent
to Own Computers"...more
12-01-08
Kinnear Opens Second Premier
Rental Purchase in Dayton
Premier
Rental-Purchase franchisee
Scott Kinnear opened his second
store in Dayton, Ohio on November 22. A 15 year rent-to-own
industry veteran, Kinnear said the success of his first location
prompted him to open a second store to serve the city's east side...more
12-01-08
Rent-A-Center Responds to Brooklyn Protest
n response to Friday's protest of two Rent-A-Center locations in Brooklyn, CEO
Mark Speese issued the following statement...more
11-30-08
Black-Friday Results; Cautious Optimism Among Retailers
"Holiday sales are not expected to continue at this brisk pace, but it is
encouraging that Americans seem excited to go shopping again." - Tracy Mullin, President and CEO, National Retail Federation...more
11-29-08
Radio Rentals Reports Increased Same Store Sales and Customer Count
Customer growth for the period was 5.6% (4.2% for comp stores).
Average units on rent per customer remained steady at 2.41 for
the period and the average revenue per customer increased marginally to $127.57...more
11-27-08
New York Group Plans Friday Rent-A-Center Protest
New York Daily News opinion columnist Errol Louis today encouraged New Yorkers
to join a planned Friday protest at two Brooklyn Rent-A-Center locations...more
11-27-08
Radio Rentals Goes Retail With Launch of Big Brown Box
Australian rent-to-own operator RR Australia (Radio Rentals
Australia - RRA) will give Aussie retailers a run for their
money with today's launch of Big Brown Box, a new online
consumer electronics store that aims to provide Australian
consumers with an innovative retail experience...more
11-26-08
NRC Announces Tri-state Rental Dealer Association
The RentDirect Nationwide Rental
Coalition (NRC) announced that the formation of the two states' rental dealers'
associations, Connecticut and Massachusetts, has been changed to a new tri-state
format to include Rhode Island...more
11-26-08
Specialty Furniture Retailer Jennifer Convertibles Revenue Drops 16%
Specialty furniture retailer Jennifer Convertibles announced that revenue for
its the fourth quarter ended August 30, 2008 dropped 16.3% to $30.8 million...more
 11-26-08
Video: Construction Wraps on Whirlpool Building Blocks Blitz
On November 21, major rent-to-own industry supplier Whirlpool, Habitat for Humanity International, and Dallas Area
Habitat for Humanity officially dedicated new homes built with
nine Habitat partner families as part of the third annual
Whirlpool Building Blocks community build...more
11-25-08
Premier Companies Invites Vendors to Register for 2009 Convention
The Premier Companies will hold its annual convention at the Omni Royal Orleans
Hotel in New Orleans from January 18 – 22. With its growing number of
franchisees and preferred vendor affiliations, Premier is anticipating this to
be its biggest event to date and is inviting those who are or wish to be a
Premier Preferred Vendor to register online...more
11-25-08
Key Indices Report Consumer Confidence Up-tick in November
Two key indices show increased consumer confidence
in November. The CEA-CNET
Index released data today indicating confidence increased
slightly following a record low October. The
Conference Board Consumer Confidence Index also improved
moderately in November to 44.9, up from
38.8 in October...more
 11-25-08
Bedding Industry Conference Reports Strong Attendance Despite Economy
The International Sleep Products Association's (ISPA) 2008
Industry Conference and Exhibition was held November 12-14 in
Orlando, Florida. Association executives report a sold-out
exhibit hall and 248 attendees despite the challenging economy...more
 11-25-08
Custom Wheel Leasing Gains Popularity; Interviews With RimTyme Pros
It's about the bling. Americans
love their cars. The more passionate a person is about his or
her car, the more time and money they will spend to set their ride, and by
extension themselves, apart from the crowd. Anyone who has ever attended a Dub
Show has seen a glimpse of the "automotive lifestyle"
subculture that is driving the growth of custom-wheel leasing...more
11-25-08
Lower Gas Prices to Boost Q4 Sales
For the first time since March 2005, the average price of
gasoline is $1.91, leaving shoppers with a little extra
padding in their wallets...more
 11-24-08
The End of the RTO World as You Know It; Interview With David Ingram and Bud Gates
easyhome CEO David Ingram and Franchisor Bud Gates (easygates)
have taken an evolutionary leap toward answering the decades old
question - "Why do only a fraction of credit-constrained
consumers use rent-to-own stores to acquire furniture,
appliances and electronics?" Their observations will surprise
you...more
11-24-08
DATATrue's Front-End Alignment for RTO
DATATrue's personal information and banking verification service
reduces upfront the majority of risk associated with the
customer application and approval process...more
11-24-08
Rent-A-Center Launches New Ad Campaign
Rent-A-Center (NASDAQ: RCII) launched a multi-media campaign
today in which Chief Executive Officer Mark Speese reaches out
to the growing number of consumers burdened by the current cash
and credit crunch with a message about the benefits of
rental-purchase transactions...more
11-21-08
Bud Gates to Open First easyhome Store This Weekend
Bud Gates, Chairman and CEO of easygates, LLC announces the opening of their
first store in the U.S. in Olathe, KS. A Grand Opening event has been planned
for November 22, 2008 at the store in the West Market Shopping Center at 113 S.
Parker Road in Olathe...more
11-21-08
Albert Kohut Named ColorTyme VP Operations
Albert Kohut, who until recently was Vice President of New
Business Development for retail furniture giant W.S Badcock,
will join ColorTyme as vice president of operations...more
 11-21-08
30 Year RTO Industry Vet Opens Premier Wheel Workz in Horn Lake, Mississippi
Pam Hulsey opened her new Premier
Wheel Workz store on
November 7. A rent-to-own dealer for almost three decades,
Hulsey converted
half of her large E-Z Rental showroom in Horn Lake, Mississippi
to create a free-standing wheel and tire rental location
complete with full-service installation...more
11-20-08
Ohio Payday Loan Stores Begin Shutting Down
"Ohio legislators insisted on eliminating credit access for its citizens. In
addition, this is putting thousands out of work during a serious economic
crisis." - Steve Scoggins, President, Check Into Cash...more
11-20-08
Lack of Business Credit Top Concern Among Small Business Owners
While President-elect Barack
Obama's economic agenda aims to help the 27 million small
business owners in the United States, restoring confidence among this group
won't be easy...more
11-20-08
Economic Slowdown May Intensify
Ken Goldstein, Economist at The Conference Board said today, "The economy is
contracting, and the pace of contraction may intensify over the next few months.
The economy was very weak, laboring under the weight of a sustained and intense
housing downturn and sustained sharp increases in energy prices...more
11-20-08
Americans Feel Insecure in Their Jobs; Over 70% Feel Pressure from Debts
Of those feeling pressure from debt, 57.9% will spend less this
Christmas due to their credit concerns. "Consumers have snapped
shut their wallets this year and it's difficult to find a bright
spot for the Christmas shopping season," said C. Britt Beemer,
Chairman of ARG...more
11-20-08
Consumers Shift Buying Behavior; Electronics Still Most Popular
While consumers still yearn for larger screens, smaller flat
screens are becoming more desirable. Over half (51%) of
television shoppers are considering screens under 40 inches, up approximately 10 percentage points over last year.
This data would indicate an opportunity for rent-to-own dealers to market larger
screen-sizes with a "no-debt" RTO or lease agreement...more
11-19-08
La-Z-Boy Cuts Credit Backing for Independent Galleries
The company said in a statement Tuesday that, due to the overall tightening of the financial markets,
La-Z-Boy will withdraw credit support to certain independent
dealers which will likely result in the closure of 15 to 20 dealer
owned, La-Z-Boy Furniture Galleries stores over the next 90 to
120 days...more
11-18-08
Weakening Economy Means Less Spending But More Generosity
The weakening U.S. economy will force many U.S. adults to cut
back on holiday gift spending this year but will also make some more likely to
give a "charitable gift" as a present this holiday season...more
11-18-08
Online Registration Open For PrimeTime! in New Orleans
Nationwide Marketing Group (NMG),
parent company of RentDirect, the rent-to-own industry's largest
buying group, announced that online
registration is now open at
www.nationwideprimetime.com for the next PrimeTime! by
Nationwide to be held on March 8-11, 2009 at the Hilton
Riverside in New Orleans...more
MORE >>
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