The rent-to-own and lease-to-own retail concepts that seem tailor made for recession-pressed consumers with subprime credit are in fact seeing their models tested by an unforgiving market where shoppers are showing a preference for bargains and extra sensitivity toward fees. The latest example of this...
Today in retail, Chewy’s stock drops to a two-year low despite record spending levels, while Five Below plans growth. Plus, Avarda embraces open banking, Lululemon adds tennis and golf gear, and Restoration Hardware will open “selling spaces.” Chewy Struggles to Turn Record Spending Into Profits,...
Rent-A-Center has announced a change in management for its virtual lease-to-own operation Acima, one month after reporting disappointing Q4 results. As the Texas-based furniture, appliance and electronics rental chain said in a news release Tuesday (March 29), Aaron Allred has been named executive vice president...
Today in Data, Amazon and Walmart will spend much of 2022 battling for market share in telehealth, pharmacy and connected health. Plus, Rent-A-Center is struggling to overcome rising prices and the end of the economic stimulus program, and Allbirds is looking to have its wholesale...
September 30, 2022
The rent-to-own and lease-to-own retail concepts that seem tailor made for recession-pressed consumers with subprime credit are in fact seeing their models tested by an unforgiving market where shoppers are showing a preference for bargains and extra sensitivity toward fees. The latest example of this low-end shift was seen Thursday (Sept. 29) in a statement […]
January 08, 2021
At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? So goes the...
March 30, 2022
Rent-A-Center has announced a change in management for its virtual lease-to-own operation Acima, one month after reporting disappointing Q4 results. As the Texas-based furniture, appliance and electronics rental chain said in a news release Tuesday (March 29), Aaron Allred has been named executive vice president in charge of Acima, the company he founded. Allred has […]
August 02, 2021
Acima, the virtual lease-to-own (LTO) FinTech arm of Rent-A-Center, Inc., on Monday (Aug. 2) rolled out a digital platform focused on improving the retail leasing experience. The digital initiative includes...
February 18, 2021
Rent-A-Center, Inc. has closed on its purchase of Acima Holdings, which had been announced in the past, according to a statement. “Acima’s technology and stellar team will help accelerate our...
December 21, 2020
Rent-A-Center is acquiring Acima Holdings in a $1.65 billion deal to develop a virtual lease-to-own (LTO) platform. Mitch Fadel, chief executive officer at Rent-A-Center, said in a press release on...
