Rent-A-Center closing 280 stores

December 2007
Furniture/Today;12/10/2007, Vol. 32 Issue 14, p2
Trade Publication
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.


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