BNET Industries

Rent-Way Inc.

is in the Business Services Industry

Last Fiscal Year Sales:$515.8M
  • Private
  • US
Dow Jones Description

Rent-Way knows how to buy into retail success. Founded in 1981 and headquartered in Erie, PA, Rent-Way, Inc. operates a chain of rent-to-own stores. The company has almost 800 locations in over 30 US states. Its stores offer audio and video entertainment equipment, refrigerators and kitchen appliances, and clothing washers and dryers. It also offers computers and prepaid phone services. Its brands include Rent-Way and Home Choice. The company has annual revenue of about $515 million and employs about 3,900 people. In 2005, it acquired 12 stores from rival Rent-A-Center.

Number of Employees 3,997
Contact Information

1 Rentway Pl

Erie, Pennsylvania 16505-2560

www.rentway.com

1 814 455 5378

NAICS Code Temporary Help Services: 561320

News & Analysis

rent-way inc. - All News and Analysis

  • RAC completes Rent-Way buy (Furniture Today)

    - 2006-11-20

    Plano, Texas-- Rent-A-Center has completed its acquisition of competitor Rent-Way, which becomes a wholly owned indirect subsidiary of its new parent. Rent-Way has 782 stores in 34 states, but Rent-A-Center Chairman and CEO Mark Speese said last month that about 150 will be closed as...

    Tags: Rent-Way Inc.

  • Rent-A-Center to Acquire Rent-Way Inc. for 0.54 Times Revenue

    - 2006-08-14

    The Deal: Rent-A-Center Inc. has agreed to purchase RentWay Inc. for S 10.85 per share, or $280.1 million. The deal values Rent-Way at a premium of 29 percent over the company's share price prior to the deal announcement. In addition, Rent-A-Center will assume Rent-Way preferred stock and debt, bringing the...

    Tags: Rent-A-Center Inc., Rent-Way Inc.

  • RAC to buy Rent-Way (Furniture Today)

    - 2006-08-14

    Plano, Texas-- Rent-A-Center, North America's biggest operator of rent-to-own stores, said last week it has agreed to acquire Rent-Way, the No. 3 RTO operator, in a deal valued at $567 million. According to the agreement, Rent-A-Center will pay $10.65 in cash for each share of...

    Tags: Rent-Way Inc.

  • Bellwether Report.com Acknowledges Rent-Way Inc.

    - 2006-08-08

    M2 PRESSWIRE-8 August 2006-bellwetherreport.com: Bellwether Report.com Acknowledges Rent-Way IncC1994-2006 M2 COMMUNICATIONS LTD RDATE:08082006 The Bellwether Report Takes Notice of Rent-Way Inc (NYSE:RWY) Its customers mostly rent but Rent-Way itself does plenty of purchasing. Since becoming a public company in...

    Tags: Bellwether Report.com Acknowledges Rent-Way Inc., Rent-Way Inc.

  • Rent-Way yearly revenues rise 2.2%; net income up 12.6% (Furniture Today)

    - 2005-12-19

    Erie, Pa.-- Rental-purchase retailer Rent-Way said revenues were up 2.2% in its year ended Sept. 30, while net income jumped 12.6%. The company, which operates 792 stores in 34 states, said the improved numbers were recorded in spite of a weak fourth quarter that included...

    Tags: Rent-Way Inc.

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