Rent-A-Center Opens Store in Espanola, New Mexico

Rhea-AI Summary

Upbound Group (NASDAQ: UPBD) announced the opening of a new Rent-A-Center store in Espanola, New Mexico. The store, managed by Casey Montoya, will offer flexible lease-to-own options for furniture, appliances, electronics, and more. Located at 1116 N. Riverside Drive Suite C, the store will hold a grand opening celebration on May 31 at 1 p.m., featuring a ribbon-cutting ceremony and giveaways, including a 65-inch LED TV and a recliner chair. The store will also donate $2,000 to the Boys and Girls Club of Santa Cruz. Rent-A-Center has 18 locations in New Mexico, with the Espanola store open Monday to Saturday, 10 a.m. to 6 p.m.

Positive

• New store opening in Espanola, NM expands Upbound's market presence.
• Flexible lease-to-own options provided for a range of durable goods.
• Grand opening includes community engagement and giveaways.
• Contribution of $2,000 to Boys and Girls Club of Santa Cruz supports local community.
• Store manager Casey Montoya and team bring customer support to Espanola.

Negative

• No mention of projected revenue or profitability from the new store.
• Potential increase in operational costs with the addition of a new location.

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 Espanola, New Mexico. Rent-A-Center Store Manager Casey Montoya and his customer support team are pleased to offer the residents of Espanola 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 1116 N. Riverside Drive Suite C, in Espanola, New Mexico. To welcome Rent-A-Center to its new neighborhood, members of the Espanola community are invited to attend a grand opening celebration and ribbon-cutting ceremony on Friday, May 31, at 1 p.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 65-inch LED TV and recliner chair. 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 Boys and Girls Club of Santa Cruz in support of its mission to enable all young people to reach their full potential as productive, caring, responsible citizens.

Rent-A-Center operates 18 locations in the state of New Mexico. This Espanola 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/20240529653033/en/

Shenekqual “Nikki” Carter

Community Affairs Specialist

972-624-6913

CommunityAffairs@rentacenter.com

Source: Upbound Group, Inc.

FAQ

When is the Rent-A-Center store in Espanola, NM opening?

The Rent-A-Center store in Espanola, NM will hold its grand opening on May 31 at 1 p.m.

Where is the new Rent-A-Center store in Espanola, NM located?

The new Rent-A-Center store is located at 1116 N. Riverside Drive Suite C, Espanola, NM.

What products will the new Rent-A-Center store in Espanola, NM offer?

The new Rent-A-Center store will offer flexible lease-to-own options for furniture, appliances, electronics, and computers.

What are the operating hours of the new Rent-A-Center store in Espanola, NM?

The new Rent-A-Center store in Espanola, NM will be open from 10 a.m. to 6 p.m., Monday through Saturday.

What special events are planned for the opening of the Rent-A-Center store in Espanola, NM?

The grand opening includes a ribbon-cutting ceremony and giveaways of a 65-inch LED TV and a recliner chair.

What community support is Rent-A-Center offering with the new store opening in Espanola, NM?

Rent-A-Center will donate $2,000 to the Boys and Girls Club of Santa Cruz as part of the new store opening.

How many Rent-A-Center locations are there in New Mexico?

Rent-A-Center operates 18 locations in the state of New Mexico.