Rent to Own Online
"All Rent to Own...All the Time"

Home

| About RTO Online | RTO Tradeshow | Press
#1 Online Destination For the Rent to Own Industry
Trade portal for companies who rent to own furniture, electronics, appliances, custom wheels, jewelry and other home goods.
Rent to Own Online
Rent to Own Tradeshow
Who's Who in rent to own  
The Rent to Own industry's event photo album  
Video podcast interviews with Rent-to-Own industry professionals  
Audio podcast interviews with Rent-to-Own industry professionals  
Rent-to-Own Industry Federal Legislative Guide  
Rent to Own Industry Jobs and Resumes  
Search Rent to Own Online  
Subscribe to
RTO Magazine

E-mail Address :

Manage Subscriptions
 
RTO Magazine
 
United States Rent to Own Store Locator  
State Rent to Own Law  
Rent to Own Websites  
Rent to Own Industry Poll  
Editorials By Rent to Own Professionals  
Rent to Own Stocks  
Rent to Own Links  
Rent to Own Industry Events  
Rent to Own Online Archive  
Rent to Own Industry Training  
Advertise on the number one website for rent to own professionals  
Rent to Own Industry Blog  
Rent to Own Chat  
Rent to Own Industry Forum  
Rent to Own Industry Glossary  
National News  
Contact Rent to Own Online  
 

Site Statistics

 

Poll

Mark Speese Interview
What effect will the acquisition have on Rent Way Employees?
12-18-02
RTO Online
Email this page to a friend

Rate: 

Your email address Worthless Helpful I have tears of joy Better than War and Peace

Add your Comments

 

Factoids

Rent Way
Rent a Center
 

 

Over 1,000 Rent Way employees will be affected by the acquisition of 295 stores by Rent a Center. Concern among those employees is very high since Rent Way and Rent a Center exist in many of the same markets.

RTO Online interviewed Mark Speese, CEO of Rent a Center, concerning the effect of the acquisition on Rent Way employees.

Mr. Speese stated that the transaction is not closed yet, and no specific plans were in place. However, he did wish to re-assure Rent Way employees that no blanket policy will be implemented.

Mark Speese
CEO

"We all know that people are the key to success in this business. Anyone who knows Rent a Center, knows that we have a lot of existing stores right next to each other." "You can't take two $50,000 stores, combine them, and six months later expect to still have $100,000 in revenue."

Mr. Speese confirmed that he has produced a video that will arrive at the affected locations tomorrow. The video will address concerns and welcome the new employees.

Mr. Speese added, "This type of acquisition is very consistent with our business model. In some cases, we'll be expanding into new areas, in other cases the stores will exist in the same market. "We don't look at it in terms of 'there right next to each other, so there needs to be a change'. It's rather the individual performance of those stores, and what their potential is."

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