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Rent-A-Center is a rent-to-own retail company headquartered in Plano, Texas, United States. The company was founded in 1986 when Mark Speese, Thomas Devlin, W. Frank Barton, and J.
Ernest Talley merged their individual rent-to-own stores. Today, Rent-A-Center operates over 2,000 stores across the United States, Puerto Rico, and Mexico. Rent-A-Center offers a range of products and services, primarily in the furniture, electronics, appliances, and computers categories.
Customers can choose to rent these items with the option to own them after a specified payment period. The company also provides flexible payment plans, repair services, and replacement guarantees. In addition to its core operations, Rent-A-Center has expanded its footprint through various acquisitions and partnerships.
Notably, the company acquired RentWay in 2002 and Acceptance Now in 2015. Rent-A-Center also has a partnership with Home Choice, which operates stores under the name Get It Now! Additionally, Rent-A-Center has joint ventures in Mexico and Canada, further expanding its global presence. Rent-A-Center holds a significant market position in the rent-to-own retail industry.
It has established itself as a trusted brand with a wide customer base that includes individuals, families, and small businesses. The company faces competition from other rent-to-own retailers like Aaron's, Buddy's Home Furnishings, and FlexShopper. Over the years, Rent-A-Center has undergone changes in its brand strategy and product lineup to drive growth.
In recent years, the company has focused on expanding its e-commerce capabilities, increasing digital marketing efforts, and enhancing its customer experience. These efforts have resulted in improved sales and customer retention. As of the latest available information, Rent-A-Center continues to be a prominent player in the rent-to-own industry.
The company has been investing in technology and expanding its product offerings to meet evolving customer needs. Additionally, Rent-A-Center has implemented COVID-19 safety measures and protocols in its stores to ensure the well-being of its employees and customers. In conclusion, Rent-A-Center is a well-established rent-to-own retail company with a strong market position in the United States, Puerto Rico, and Mexico.
Through its wide range of products and services, strategic partnerships, and constant focus on growth, Rent-A-Center continues to thrive in the competitive retail industry
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