Rent-A-Center
| Company type | Public |
|---|---|
| Nasdaq: UPBD S&P 600 component | |
| Industry | Home furnishings Rent-to-own |
| Founded | 1973 1986 (incorporated) Wichita, Kansas, U.S. |
| Headquarters | , U.S. |
Key people | Mitchell Fadel (CEO) Fahmi Karam (CFO) |
| Products | Provides furniture, electronics, computers and household appliances available under rent-to-own agreements |
| Revenue | US$4.16 billion (2024) |
| US$193 million (2019) | |
| US$125 million (2019) | |
| Total assets | US$2.62 billion (2024) |
| Total equity | US$459 million (2019) |
Number of employees | 14,500 (2020) |
| Parent | Upbound Group, Inc |
| Subsidiaries | Rent-A-Center Franchising International |
| Website | rentacenter |
Rent-A-Center is an American public furniture and electronics rent-to-own company based in Plano, Texas. The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count.
Rent-A-Center's operations include 24 retail installment stores called Get It Now (based in Wisconsin); 17 Home Choice stores in Minnesota. Its subsidiary, Rent-A-Center Franchising International Inc. (RACFI), formerly known as ColorTyme Inc., is America's first franchisor of independently owned-and-operated rent-to-own stores. Its franchisees operate 162 rent-to-own stores in 31 states under the Rent-A-Center and ColorTyme brand names, and the company's wheels-and-tires franchise brand, RimTyme, operates 31 stores in 13 states.
In 2014, Fortune Magazine listed Rent-A-Center at number 711 on the Fortune 1000 list of the largest U.S. corporations, based on revenues alone.