TITLE

RAC earnings more than double

AUTHOR(S)
Thomas, Larry
PUB. DATE
May 2008
SOURCE
Furniture/Today;5/5/2008, Vol. 32 Issue 34, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the increased revenue of Rent-A-Center Inc. (RAC), the largest rent-to-own chain in the U.S., in the first quarter of 2008. The company states that the store sales increased by 2.8% which is due to their restructuring plan which closed 3115 stores in 2007. Mark Speese, a chairman and chief executive officer of RAC, emphasized that the positive results primarily benefited from higher merchandise sales and an earlier-than-expected benefit from their restructing plan.
ACCESSION #
32066805

 

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