Rent-to-own News

Rent-to-own News - NEW PODCAST: Bob Bloom, ColorTyme president and CEO

May 16, 2008

Bob Bloom, president and CEO of ColorTyme was one of 50 attendees at the recent New York State Rental Dealers Association meeting in Verona, New York.

Click here for podcast.

Having made a career of expanding such companies as Rent-A-Center and saving struggling companies like EZCORP, Bloom took the helm of the industry's oldest rent-to-own franchise company in 2004.

ColorTyme now claims 213 storefronts -- 76 of which are franchises -- in addition to it's growing wheel and tire division, RimTyme.

In this exclusive APRO podcast, Bloom discusses why his franchisees are his company's greatest asset, the lucrative wheel and tire market and the dynamics that will continue to keep ColorTyme viable into the 21st century.

"We've transitioned from a 300 plus chain with several large franchisees," Bloom says. "where today, we only have two franchisees with over 20 stores. "We have a lot of franchisees with only one store and those franchisees are our future. That's going to be where we're going to see the growth."

mevans@rtohq.org
About APRO
The Association of Progressive Rental Organizations is the official voice of the rent-to-own industry and the most accurate and trustworthy source of rent-to-own news in the industry. Founded in 1980, APRO is the national, nonprofit trade association advocating and representing the rent-to-own industry before the U.S. Congress, state legislatures, courts, media and the public.

For more information, visit www.rtohq.org.

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From the RTO Today | September 8, 2008 | Korst To Headline FRDA Meeting Album

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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.

Click the links below to download each article as a PDF

Complete issue of RTOHQ: The Magazine | January-February 2010
Download the entire January - February 2010 issue of RTOHQ: The Magazine by clicking on the link above (PDF).

The Year of the Tiger
by Kristen Card

According to Chinese astrology, the Year of the Tiger begins in February 2010. Tiger John Cleek is making the most of it as he winds down his two-year term as APRO’s president. He reflects on personal and industry-wide accomplishments and the love of family that sustains him.

Following the Leaders

In the 30-year history of the Association of Progressive Rental Organizations, 17 rental dealers have served as president. To mark APRO’s special anniversary, 15 of these leaders share their experiences in helping to shape the rent-to-own industry.

The Keep Rate Conundrum
by Ed Winn III

Calculating keep rate does not seem to improve the rent-to-own business in any discernible way—and yet this calculation, beyond all the others, has had enormous legal and political implications for rent-to-own almost since its inception.

Vendor Spotlight: What's in a Name?
by Neil Ferguson

These three departed rent-to-own vendors--Joe Eason, Tom Kitchens and Norm Smith--live on, their names indelibly linked to key industry events and honors.

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Association of Progressive Rental Organizations
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