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Easyhome
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easyhome (formerly RTO Enterprises) Reports
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easyhome
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RTO Enterprises to Begin Trading Under New Symbol 'EH' |
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RTO Enterprises
Launches "Next Generation" Website to Go With
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Q4 Net income Doubled From 2001 |
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Interview with David Ingram, CEO RTO Enterprises |
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RTO Enterprises To Consolidate All Brands |
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RTO Enterprises Refinances High Interest Debt |
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RTO Enterprises Announces Improved Q3
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Our
test stores clearly found that customers were primarily
concerned with affordability on a week to week basis.
Brent Atkinson, Marketing Manager for
easyhome
easyhome (EH.TO), Canada's largest rent to
own company, will hold its third annual 'easyhome National
Conference', at the
Westin Harbour Castle hotel in Toronto, Canada, March 9-10,
2005. 225 easyhome store managers, regional managers and home
office employees will attend the event.
Brent Atkinson, Marketing Manager for easyhome, told RTO Online
the conference will include a tradeshow, training sessions, and team
building exercises. A black tie awards gala will also be held to recognize outstanding performance
of employees and vendors. "Since the annual event began, we
have much greater unity and consistency for our corporate
objectives," said Atkinson. "We all leave this meeting as pumped
up as a high school football team!"10
Questions For Brent Atkinson
Brent is Marketing Manager for easyhome,
formerly RTO Enterprises; Canada's largest Rent to Own company. His responsibilities include managing 10 promotional campaigns per year,
corporate and field
internal communications, all media buying, as well as TV and
other creative production.
easyhome operates 143 stores, when will you have 200 locations??
We'll be at 160 stores by the end of 2005, and 200 by the middle of 2006.
What's the key to easyhome's low employee turnover?
Finding the right people in the first place. RTO is a unique
industry and it takes a unique person to succeed. Compared
to the U.S, rent to own is a relatively new concept in Canada. The
average jobseeker doesn't know about the rent to own transaction
so screening applications becomes even more critical.
Is furniture a growing category for easyhome?
Definitely. In October of 2004, we restructured our pricing
model for furniture. In several categories, we took our term to
156 weeks from 104, lowering weekly rates. Our test stores
clearly found that customers were primarily concerned with
affordability on a week to week basis. We expect the change to
have a positive effect on stick rate.
Do people rent from a person or a company?
Customers rent from a person. It's priority number one to maintain a quality team. When we look at our successful stores it's
because of the quality of the team and their longevity of service.
Turnover has been one of our biggest priorities over the last 48
months. Our focus is on maximizing the
relationship with the consumer. When turnover is low, customer
count goes up.
At what retail price does a product become non viable for
rent to own?
We won't consider any product that retails under $150. That
number has increased in recent years.
What is easyhome's most exciting new product this year?
We have many, but the I think the ipod. For our demographic, the
ipod is still pricey at retail. It's a good fit for us and our
customers.
In January, 2003, easyhome announced a plan to consolidate all 6 banners under
one name (see
story). As a marketing manager, how much did the re-branding change your life?
HUGE...From not having to sign off on 6 different flyers to having the ability
make advertising dollars go farther. It was only after the
re-branding was complete that TV advertising became truly efficient.
Does easyhome utilize focus groups?
Yes, since 2001. Focus groups were critical in our re-branding
campaign. We will begin utilizing focus groups for promotional
campaigns this summer. (see
interview with company CEO David Ingram from Dec, 2003 that includes focus
group info)
Rent A Center and Aaron's Sales and
Lease Ownership recently entered the Canadian market. Will the
competition change
the way you operate?
Rent a Center has a different marketing strategy than easyhome
and
Aarons is a completely different business model. I think that these two companies growing
presence in Canada will help create customers. Our biggest
battle is getting the word out that [the rent to own
transaction] exists. The more marketing dollars that are spent,
the more customers that will be created.
What's the most effective marketing campaign you've ever
managed?
The
Fall TV campaign of 2004. The campaign's focus was Re-branding and
customer acquisition. It included our first 60 second spot with
a strong call-to-action with product and price. We had 3
measures of success for the campaign; Customer growth, call
volume, and website traffic. Customer growth increased
significantly during the period, website traffic increased, and
call center volume doubled.
(sneaky 11th question)
Why the emphasis on call-to-action as opposed to other forms
of
brand building?
If your going to put your name out there, why not throw as much
at it as you can to get them in the door.
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