Rent-A-Center To Acquire Acima
Rent-A-Center has entered into a definitive agreement to acquire Acima Holdings LLC, a leading provider of virtual lease-to-own solutions.
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Home, Digital Sales Lift Rent-A-Center Q3
Digital and home sales, as well as consumers staying isolated in the COVID-19 pandemic, gave Rent-A-Center a lift in the third quarter.
Rent-A-Center Posts Solid Second Quarter
In a solid second quarter, Rent-A-Center managed its business through the challenges of the pandemic to meet changing consumer lifestyle preferences.
Rent-A-Center Partners With ChargeAfter On Checkout Service
To allow for greater consumer choice as to whether they want to buy or lease merchandise, Rent-A-Center has entered a partnership with ChargeAfter that will allow retailers to add a preferred lease option to ChargeAfter’s consumer point of sale financing product.
Rent-A-Center Reinforces Growth Strategy
Rent-A-Center has made several executive leadership changes to further position the company for long-term growth.
Rent-A-Center Adjusts To Changing COVID-19 Pandemic
As the COVID-19 outbreak advanced, Rent-A-Center reported that January and February sales trended positively, running about 4% up compared to the year-prior months. But March revenues trended down about 5% year over year as national efforts to contain the virus took hold.
Rent-A-Center Offers Integrated Retail Partner Service
Rent-A-Center is offering its Preferred Lease program, a new integrated retail partner offering.
Strong Comps Help Drive Rent-A-Center Q2
After announcing that it was acquiring Merchants Preferred, an online leasing business, Rent-A-Center posted a strong second quarter.
Rent-A-Center To Purchase Merchants Preferred
Weeks after settling litigation related to a purchase deal, Rent-A-Center has entered into a definitive agreement to acquire substantially all of the assets of C/C Financial Corp., which does business as Merchants Preferred, a nationwide provider of virtual rent-to-own services.
Rent-A-Center Settles Litigation With Vintage Capital
Rent-A-Center has agreed in principle to settle all litigation with Vintage Capital Management, and B. Riley Financial relating to the company’s termination of an agreement and plan of merger last year with certain affiliates of Vintage Capital.
Rent-A-Center Ends Merger Agreement, Vintage Capital Responds
Rent-A-Center said that the company has terminated a previously announced merger agreement plan with certain affiliates of Vintage Capital Management, LLC.
Rent-A-Center Shareholders Approve Merger Agreement
In a special meeting on September 18, Rent-A-Center shareholders approved a merger deal with Vintage Rodeo, an affiliate of Vintage Capital Management, according to a filing with the United States Securities and Exchange Commission.
Rent-A-Center Q2 Improves As Acquisition Faces Court Challenge
In the midst of an acquisition process, Rent-A-Center posted an earnings increase for its second quarter while its ongoing merger was questioned in court.
Vintage Capital To Acquire Rent-A-Center
Vintage Rodeo Parent, an affiliate of Vintage Capital Management, will acquire all outstanding shares of Rent-A-Center common stock for $15 per share in cash.
Rent-A-Center Q1 Falls Short
Rent-A-Center was hit by costs associated with a strategic repositioning and weather effects during its first quarter.
Rent-A-Center Suffers Rough Q4
For the fourth quarter, and as it put in place a new strategic plan, Rent-A-Center posted net earnings and diluted earnings per share of $34.8 million and 65 cents versus a net loss and diluted loss per share of $146.4 million and $2.76 in the year-earlier period.
Rent-A-Center Appoints Fadel CEO
Rent-A-Center has appointed Mitchell Fadel, the company’s former president and chief operating officer and a current member of its board of directors, CEO, effective immediately.
Rent-A-Center Promotes Crocker, Bittinger
Rent-A-Center has promoted two long-time employees of its AcceptanceNOW division, Chris Crocker and Andy Bittinger.
Rent-A-Center Seeks Alternatives After Posting Q3 Loss
As the retailer posted a third quarter loss, the Rent-A-Center board of directors has initiated a process to explore strategic and financial alternatives.
Rent-A-Center Rejects Takeover Bid
Rent-A-Center has rejected a proposal from Vintage Capital Management to acquire the retailer in a go-private transaction that was valued at $15 per share.