RAC earmarks $58M for suit

February 2007
Furniture/Today;2/12/2007, Vol. 31 Issue 23, p1
Trade Publication
The article reports that Rent-A-Center reported a $2.3 million net loss in the fourth quarter of 2006 as the company had set aside $58 million to cover expenses of New Jersey lawsuit referred to as Hilda Perez. The article informs that the company earned a $35.1 million profit in the same period last year. A chart comparing the profits and revenues earned by the company in 2006 and 2005 is also presented.


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