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. It stocks recognized brands such as LG, Samsung, Sony and Vizio home electronics; Frigidaire, General Electric, LG, Samsung and Whirlpool appliances; Acer, Apple, Asus, Samsung and Toshiba computers and/or tablets; LG and Samsung smartphones; and Ashley, Powell and Standard furniture. 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 (65.8% of FY20 Revenues) – The segment comprises company-owned stores located in the United States, Canada and Puerto Rico. As of Dec 31, 2020, the segment had 1,845 company-operated locations.

Preferred Lease (28.7% of FY20 Revenues) – When a consumer is denied credit financing for a particular product from the retailer, Rent-A-Center acquires that product from the retailer by virtue of the Acceptance Now program, and thereby offers it to the consumer under a rental-purchase transaction. Management informed that starting the first quarter of 2021, this segment will include the results of the Acima operations effective the date of buyout. This will be referred to as the Acima Segment.

Mexico (1.8% of FY20 Revenues) – Consists of company-owned store locations in Mexico. As of Sep 30, the company operated 121 stores internationally. As of Dec 31, the unit had 121 company-operated locations.

Franchising (3.7% of FY20 Revenues) – A wholly owned subsidiary of Rent-A-Center is a franchiser of rent-to-own stores and offers products such as consumer electronics, appliances, furniture and accessories. As of Dec 31, it operated 462 franchise-operated locations.