TITLE

Rent-A-Center closing 280 stores

PUB. DATE
December 2007
SOURCE
Furniture/Today;12/10/2007, Vol. 32 Issue 14, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan to close the 280 stores of Rent-A-Center Inc., a home and appliance company in Plano, Texas. The stores generate about $140 million in revenues for the rent-to-own-retailer, but transfer rental purchase agreements to other stores. The company takes pre-tax restructuring charges for costs in lease terminations. Every aspect of the business is an effort to improve operating and financial performance based on results, competitive positioning, and growth potential.
ACCESSION #
28526182

 

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