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Upbound Group, Inc. (NASDAQ: UPBD) is a leading omnichannel platform company dedicated to enhancing financial opportunities for consumers through innovative and inclusive financial solutions. The company’s mission is to address the evolving financial needs and aspirations of its customers using technology-driven approaches. Upbound Group operates through four primary segments:
- Rent-A-Center Business: This segment operates lease-to-own stores across the United States, providing customers with flexible payment options for big-ticket items.
- Acima: A prominent part of Upbound's operations, Acima offers lease-to-own transactions for consumers who do not qualify for traditional financing. Its services are available through various channels, including e-commerce, digital, and mobile platforms.
- Mexico Segment: This segment operates lease-to-own stores in Mexico, further expanding Upbound Group's reach and influence.
- Franchising Segment: This segment focuses on the sale of rental merchandise to franchisees, helping them grow their businesses under the Rent-A-Center brand.
Headquartered in Plano, Texas, Upbound Group employs approximately 17,000 people nationwide and operates over 2,400 stores in 50 states, Washington D.C., Canada, and Puerto Rico. The company's core brands include Rent-A-Center and Acima, both of which facilitate consumer transactions across a wide range of retail channels, both physical and digital.
Recently, Upbound Group has made significant strides through strategic partnerships and innovative solutions:
- In April 2024, Acima Leasing announced an exclusive multi-year agreement with Levin Furniture & Mattress, a top 501 home furnishings retailer. This partnership aims to provide flexible shopping options for consumers with credit challenges, enabling them to access high-quality furniture and mattresses.
- In April 2024, Upbound Group's Acima Leasing also partnered with iFIT Inc., integrating lease-to-own options for iFIT's interactive fitness products. This collaboration allows customers from diverse financial backgrounds to access premium fitness equipment through flexible leasing solutions.
- In May 2024, Acima Leasing released a comprehensive white paper highlighting the benefits of having a best-in-class lease-to-own partner. The paper emphasized the importance of LTO options in enhancing customer loyalty and satisfaction, while providing growth opportunities for retail partners.
Upbound Group’s commitment to financial inclusivity and cutting-edge technology continues to drive its success and expansion. For more information about Upbound Group, Inc., visit their website at www.upbound.com.
Acima Leasing, part of Upbound Group, Inc. (NASDAQ: UPBD), has formed a partnership with Hank’s Fine Furniture, now serving as the exclusive lease-to-own (LTO) provider for Hank’s 19 locations in Arkansas, Florida, Alabama, and Texas. This collaboration aims to enhance access to quality furniture for customers with varying credit histories, leveraging Acima's innovative technology. Hank's CFO, Adam Jordan, emphasized the partnership's role in expanding customer service and financial flexibility. Acima's platform simplifies integration for retailers, enhancing their operational capabilities. With thousands of retail partners, Acima’s approach is centered on improving customer experiences through technology-driven solutions.
Upbound Group, Inc. (NASDAQ: UPBD) announced it will release its financial results for Q1 2023 on May 4, 2023, before market opening. A conference call will follow at 9:00 a.m. ET to discuss these results. Interested parties can join via a registration link or through the Company’s investor relations website. A replay of the call will be accessible starting at 1:00 p.m. ET on the same day. Upbound offers technology-driven leasing solutions via brands like Rent-A-Center and Acima, with over 2,400 retail units in the U.S., Mexico, and Puerto Rico.
Upbound Group, Inc. (NASDAQ: UPBD) has declared a quarterly cash dividend of $0.34 for Q2 2023. This dividend will be distributed on April 24, 2023, to stockholders recorded as of the end of business on April 5, 2023. Based in Plano, Texas, Upbound operates popular brands like Rent-A-Center® and Acima®, providing innovative leasing solutions across the United States, Mexico, and Puerto Rico. The company's focus on technology-driven financial solutions aims to enhance consumer experiences and opportunities.
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