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Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Rent-A-Center Inc Says Appointed J.V. Lentell As Chairman Of Board
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Rent-A-Center Inc ::RENT-A-CENTER INC - APPOINTED J.V. LENTELL AS CHAIRMAN OF BOARD.  Full Article

Rent-A-Center says October core U.S. same store sales down 3.4 pct
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Rent-a-center Inc :Reports October key operating metrics.October 2017 core U.S. same store sales​ fell 3.4 percent.October 2017 acceptance now same store sales were up 4.7%‍​.Has determined to discontinue monthly reporting of key operating metrics, until further notice​.  Full Article

Rent-A-Center sends letter to Vintage Capital Management
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Rent-A-Center Inc ::Rent-A-Center says board of co sent letter to Vintage Capital Management Llc‍​ responding to Vintage's nonbinding proposal to buy co - SEC filing.Says board appreciates Vintage’s interest in the company and "looks forward to additional dialogue"‍​.Says "we do not believe it is in the best interests of our stockholders to enter into an exclusivity agreement with Vintage at this time".Says JPMorgan is acting as the company’s financial advisor throughout process of dialogue with Vintage Capital‍​.  Full Article

Vintage Capital Management reports 5.9 pct stake in Rent-A-Center
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Rent-A-Center Inc :Vintage Capital Management LLC reports 5.9 percent stake in Rent-A-Center Inc as of November 3 - SEC filing‍​.Vintage Capital Management LLC says purchased rent-a-center inc shares of common stock for investment purposes.Vintage Capital Management LLC says on Nov 3, submitted letter to Rent-A-Center board containing non-binding proposal to acquire co for $13/share.  Full Article

Rent-A-Center expects additional hurricane related charges in Q4 2017-SEC filing
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Rent-a-center Inc ::Says expect additional charges related to the hurricanes to be recorded in the fourth quarter of 2017 - SEC filing‍​.  Full Article

Engaged Capital commends Rent-A-Center for starting strategic alternatives review
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Engaged Capital::Engaged Capital commends Rent-A-Center board for initiating strategic alternatives review process.Engaged Capital says says ‍wholly expect Rent-A-Center board and senior management team to earnestly pursue strategic alternatives​.‍Engaged Capital says "believes that Rent-A-Center remains an attractive acquisition opportunity"​.  Full Article

Rent-A-Center reports Q3 loss per share $0.15 excluding items
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Rent-A-Center Inc :Rent-A-Center Inc reports third quarter 2017 results.Q3 revenue $644 million versus I/B/E/S view $646.6 million.Q3 same store sales rose 4.3 percent.Q3 loss per share $0.15 excluding items.Q3 GAAP loss per share $0.24.Q3 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Rent-A-Center Inc - core U.S. Same store sales for quarter improved sequentially by 510 basis points​.Rent-A-Center Inc qtrly ‍core U.S. revenues of $442.8 million decreased 8.1 percent​.Rent-A-Center Inc - ‍in the quarter, co recorded pre-tax expense of about $1.7 million related to damage caused by hurricanes Harvey and Irma​.Rent-A-Center Inc - ‍company is not providing annual guidance as it relates to revenue or diluted earnings per share for 2017​.Rent-A-Center Inc - ‍during Q3, results were impacted by "unprecedented" hurricane activity, which will disrupt business in near term​.  Full Article

Rent-A-Center to explore strategic and financial alternatives to maximize stockholder value
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Rent-A-Center Inc :Rent-A-Center to explore strategic and financial alternatives to maximize stockholder value.Rent-A-Center Inc - board, in consultation with its financial and legal advisors, will review and consider a full range of options.Rent-A-Center Inc - ‍Steven L. Pepper resigns from board as chairman with Pepper's resignation taking effect on October 31, 2017​.Rent-A-Center Inc says Rent-A-Center board has determined to suspend company's quarterly dividend until strategic process has concluded​.Rent-A-Center Inc - ‍Pepper resigning as result of disagreement with board's decision to initiate process of exploring strategic, financial alternatives.  Full Article

Rent-A-Center - ‍Acceptance Now same store sales for Sept up 8.1%​
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Rent-A-Center Inc :Rent-A-Center Inc - ‍acceptance now same store sales for september 2017 up 8.1%​.Rent-A-Center Inc - ‍Core U.S. same store sales for September 2017 down 4.2​%.Rent-A-Center - assessing strategies aimed at improving Acceptance Now business model, including enhanced value proposition expected to increase ownership.Rent-A-Center - ‍as a result of impact of recent hurricanes, co instituted a change to same store sales store selection in its reporting.Rent-A-Center - co will exclude geographically impacted regions from recent hurricanes in its same store sales store selection reporting for 18 months​.  Full Article

Marcato urges Rent-A-Center's board to immediately explore sale of entire co
Monday, 10 Apr 2017 

Marcato Capital Management Lp: Marcato sends letter to Rent-A-Center board of directors . Plans to vote for Engaged Capital's director nominees at Rent-A-Center annual meeting, if board resists strategic alternatives review . Urges Rent-A-Center Inc's board to immediately explore sale of entire company . Discussions with Rent-A-Center CEO speese have "made clear to us that he does not intend or desire to be CEO for long term" . Beneficially owns 4.9 percent of outstanding common shares of Rent-A-Center .Urge Rent-A-Center board to "immediately commence a process to review all strategic alternatives including a sale of entire company".  Full Article

BRIEF-Rent-A-Center Inc Says Appointed J.V. Lentell As Chairman Of Board

* RENT-A-CENTER INC - APPOINTED J.V. LENTELL AS CHAIRMAN OF BOARD Source: (http://bit.ly/2BcW2P1) Further company coverage: