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Rent-A-Center Inc at Bank of America Consumer & Retail Technology Conference (Virtual) Transcript

Mar 09, 2021 / 03:30PM GMT
Release Date Price: $59.52 (+1.02%)
Jason Daniel Haas
BofA Securities, Research Division - Analyst

Hi, everyone, and thank you for joining today. I'm Jason Haas, and I cover retail hardline and lease-to-own industry here at Bank of America. I'm very fortunate to be joined today by the management team from Rent-A-Center. We have Mitch Fadel, CEO; Maureen Short, CFO; and Jason Hogg, EVP of Acima. So thank you all for being here with us today.

Questions & Answers

Jason Daniel Haas
BofA Securities, Research Division - Analyst

So to get started with questions. You recently announced the closure of your acquisition of Acima. Can you talk a little bit more about the rationale for making that acquisition and how the integration is progressing so far?

Mitchell E. Fadel
Rent-A-Center, Inc. - CEO & Director

Sure, Jason. I'll start with that one. Thank you, everyone, for joining us. The reason for -- the rationale for it was relatively simple from our standpoint. The white space available in the retail partner business for lease-to-own that's

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