Founded in 1986 and headquartered in Plano, Texas, Rent-A-Center, Inc. is the largest rent-to-own operator in the United States, offering durable goods such as consumer electronics, appliances, computers, furniture and accessories. Rent-A-Center’s products are offered under flexible rental-purchase agreements that typically allow the customer to obtain ownership of the merchandise on the conclusion of an agreed-upon rental period.

Rent-A-Center Business (44.5% of FY21 Revenues) – The segment comprises company-owned lease-to-own outlets across the United States and Puerto Rico. The company provides merchandise on an installment sales basis across some of its stores under the names “Get It Now” and “Home Choice.” The segment operates through the company-owned stores and e-commerce platform, rentacenter.com. As of Jun 30, 2022, the segment had 1,852 company-operated locations.

Acima, formerly known as Preferred Lease segment, (50.8% of FY21 Revenues) – The segment operates in the United States and Puerto Rico, and includes the operations of Acima and Preferred Lease virtual and staffed locations. The company acquired Acima in February 2021. This division offers the lease-to-own transaction to customers not qualified for financing from the traditional retailers via virtual solutions across ecommerce digital and mobile channels, as well as through staffed and unstaffed kiosks.

Mexico (1.3% of FY21 Revenues) – This segment consists of company-owned lease-to-own store locations in Mexico. As of Jun 30, the unit had 123 company-operated locations.

Franchising (3.4% of FY21 Revenues) – An indirect fully-owned subsidiary of Rent-A-Center, and is a franchisor of lease-to-own stores. The segment’s basic source of revenue comprises the sale of rental merchandise to its franchisees, who provide the merchandise to public for rent or purchase under a lease-to-own transaction. As of Jun 30, the company had 457 franchise-operated locations.