LG Electronics has elevated Seong-jin Jo, the head of its home appliance division, to CEO, effective immediately. In an executive shakeup at the top in late 2014, Jo, 60, was one three “representative directors” appointed in lieu of a CEO to run the company. He joined Goldstar in 1976, becoming part of the team, Read More

Aaron’s, Inc., a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, surprised teens last Friday with a newly renovated Keystone Teen Center at the Wattles Boys & Girls Club of Portland. Through a partnership with Boys & Girls Clubs of America (BGCA) and input from, Read More

More companies are adding technology executives to their boards of directors as business models come to rely increasingly on IT and data. “The thought of having your business governed by a board without strong technology foundations, it doesn’t make any sense,” says Angela Yochem, CIO of Rent-A-Center Inc. Last month Ms. Yochem joined the, Read More

In the September-October issue of RTOHQ: The Magazine, we offer a twist on our “Now & Then” series of APRO-member profiles. Instead of featuring someone on the rise in rent-to-own alongside an RTO veteran, this issue takes a “Now & Then” look at how the RTO industry has helped those in need after natural, Read More

The Nationwide Marketing Group announced a partnership with a non-profit organization in the Winston-Salem area, located where the group is headquartered. The Ronald McDonald House of Winston-Salem (RMHWS) is a community-supported non-profit organization that provides a “home away from home” for families of children who are receiving medical care in the Winston-Salem community. Most, Read More

Aaron’s, Inc., a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, surprised teens with a newly renovated Keystone Teen Center at the Boys & Girls Club of Pittsburgh’s Sarah Heinz House on Friday. Through a partnership with Boys & Girls Clubs of America (BGCA) and, Read More

The Association of Iowa Rental Dealers Annual Meeting is approaching. The meeting will be on Thursday, September 8th in Johnston, Iowa. The meeting will take place at the Hilton Garden Inn and will commence at 9:30AM followed by lunch at 12:30PM. This year’s speakers include: Seth Weisblatt from Ashley Furniture Industries will cover Internet Marketing. Mark Connelly,, Read More

APRO Legal Counsel Ed Winn III discusses how RTO remains the best choice for customers even during difficult economic conditions. He emphasizes that RTO is never the last resort for those who have fallen on hard times and is actually the first choice for millions of Americans during this period of austerity. Watch this, Read More

For the second quarter of 2016, revenues increased 2.6% to $789.4 million compared with $769.0 million for the second quarter of 2015. Net earnings decreased 5.0% to $38.5 million compared with $40.5 million in the prior year period. Diluted earnings per share were $.53 compared with $.56 per share a year ago. Non-GAAP diluted EPS were $.59 compared with $.61 last year. The results for the second quarter ended June 30,, Read More

Rent-A-Center, Inc. announced results for the quarter ended June 30, 2016. Notable Items for the Quarter Explanations of performance are compared to the prior year unless otherwise noted GAAP Basis Diluted earnings per share was $0.19 compared to $0.43 for the second quarter of 2015 Excluding Special Items (see “Non-GAAP Reconciliation” and related tables below) Diluted earnings per share, Read More