Rent-A-Center Opens Store in Dania Beach, Florida

Rhea-AI Summary

Upbound Group (NASDAQ: UPBD), a provider of tech-driven, flexible leasing solutions, has opened a new Rent-A-Center store in Dania Beach, Florida.

Store Manager Wilfri Alvarez-Toribio and his team offer flexible lease-to-own options for furniture, appliances, electronics, computers, and other durable goods.

The store is located at 322 E. Dania Beach Blvd., and a grand opening celebration will be held on June 7 at 10 a.m. with a ribbon-cutting at 11 a.m.

Rent-A-Center will give away a pair of AirPods Pro during the event and contribute $2,000 to the Boys and Girls Club of Broward County.

This Dania Beach store is one of 81 Rent-A-Center locations in Florida.

Positive

• New store opening in Dania Beach, Florida, potentially increasing revenue and market reach.
• Flexible lease-to-own options for a variety of high-demand products like furniture, appliances, and electronics.
• Grand opening event with giveaways may attract new customers and boost initial sales.
• Contribution of $2,000 to a local charity enhances community relations and corporate social responsibility image.
• Expansion to 81 locations in Florida, indicating strong market presence.

Negative

• Opening a new store involves initial costs and operational expenses, which may impact short-term financials.
• The success of the new store is uncertain and depends on local market demand and competition.
• Potential dilution of customer support and resources across 81 locations in Florida.

PLANO, Texas--(BUSINESS WIRE)-- Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers, announced the opening of a new Rent-A-Center store in Dania Beach, Florida. Rent-A-Center Store Manager Wilfri Alvarez-Toribio and his customer support team are pleased to offer the residents of Dania Beach a flexible lease-to-own option for high-quality furniture, appliances, electronics, computers and a wide range of other durable goods.

The new Rent-A-Center store is located at 322 E. Dania Beach Blvd. in Dania Beach, Florida. To welcome Rent-A-Center to its new neighborhood, members of the Dania Beach community are invited to attend a grand opening celebration on Friday, June 7, at 10 a.m. A ribbon-cutting ceremony will also take place at approximately 11 a.m., and the public will have the opportunity to shop the store’s merchandise.

In conjunction with the grand opening ceremony, Rent-A-Center will be giving away a pair of AirPods Pro. To enter, simply visit the store during the grand opening. No purchase is necessary.

As a part of Rent-A-Center’s mission to give back to those in need, the new store will contribute $2,000 to the Lester H. White Club/NFL YET Center of the Boys and Girls Club of Broward County to support its mission to enable all young people to reach their full potential as productive, caring and responsible citizens.

Rent-A-Center operates 81 locations in the state of Florida. This Dania Beach location will be open from 10 a.m. – 6 p.m., Monday through Saturday.

About Upbound Group, Inc.

Upbound Group, Inc., (NASDAQ: UPBD) is an omni-channel platform company committed to elevating financial opportunity for all through innovative, inclusive and technology-driven financial solutions that address the evolving needs and aspirations of consumers. The company's customer-facing operating units include industry-leading brands such as Rent-A-Center® and Acima® that facilitate consumer transactions across a wide range of store-based and digital retail channels, including over 2,300 company-branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc., is headquartered in Plano, Texas. For additional information about the Company, please visit our website at Upbound.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606065781/en/

Shenekqual “Nikki” Carter

Community Affairs Specialist

972-624-6913

CommunityAffairs@rentacenter.com

Source: Upbound Group, Inc.

FAQ

What is the new Rent-A-Center store opening in Dania Beach?

Upbound Group has opened a new Rent-A-Center store in Dania Beach, Florida, offering flexible lease-to-own options.

Where is the new Rent-A-Center store located in Dania Beach?

The new Rent-A-Center store is located at 322 E. Dania Beach Blvd., Dania Beach, Florida.

When is the grand opening celebration for the Dania Beach Rent-A-Center store?

The grand opening celebration is on June 7 at 10 a.m., with a ribbon-cutting ceremony at 11 a.m.

What products can be leased at the new Rent-A-Center in Dania Beach?

Products include high-quality furniture, appliances, electronics, computers, and other durable goods.

How many Rent-A-Center locations are there in Florida?

Rent-A-Center operates 81 locations in Florida.

What charitable contribution is Rent-A-Center making at the Dania Beach store opening?

Rent-A-Center will contribute $2,000 to the Boys and Girls Club of Broward County.