Rent-A-Center three top competitors are Aaron’s, Wal-Mart, and Best Buy.
Best Buy was founded by Richard Schulze in 1966 and called Sound of Music before the name changed to Best Buy in 1983; Best Buy generates more than $40 billion annually (Best Buy, 2015). Best Buy’s main goal is to be the best consumer electronics outlet in the world. They are a multinational retailer that sells products and services through three primary channels: about 1,700 retail stores, online, and call centers (Hoovers Report, 2015). Best Buy’s branded store banners include Best Buy, Best Buy Express, Best Buy Mobile, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, and Pacific Sales (Hoovers Report, 2015). Nationwide, Best Buy has more than 1,400 stores and locations, including large-format and Best Buy Mobile stores, and employs more than 125,000 people (Best Buy, 2015).
Sam Walton opened the first Wal-Mart in 1962 on the basis of low prices and better service. What started small, with a single discount store and the simple idea of selling more for less, has grown over the last fifty years into the largest retailer in the world (Wal-Mart, 2015). Wal-Mart has 260 million customers and over 11,500 stores under 65 …show more content…
Charles Loudermilk. They are headquartered in Atlanta and has been publicly traded since 1982. Aaron’s is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 Company-operated and franchised stores in the United States and Canada Aaron’s is the industry leader in serving the moderate-income consumer and offering affordable payment plans, quality merchandise and superior service (Aarons, 2015). They are one of the nation's top furniture rental and rent-to-own companies, behind industry leader Rent-A-Center (Rtohq, 2015). Aaron's has exited the office furniture rental business to focus on household goods (Hoover,
Best Buy was founded by Richard Schulze in 1966 and called Sound of Music before the name changed to Best Buy in 1983; Best Buy generates more than $40 billion annually (Best Buy, 2015). Best Buy’s main goal is to be the best consumer electronics outlet in the world. They are a multinational retailer that sells products and services through three primary channels: about 1,700 retail stores, online, and call centers (Hoovers Report, 2015). Best Buy’s branded store banners include Best Buy, Best Buy Express, Best Buy Mobile, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, and Pacific Sales (Hoovers Report, 2015). Nationwide, Best Buy has more than 1,400 stores and locations, including large-format and Best Buy Mobile stores, and employs more than 125,000 people (Best Buy, 2015).
Sam Walton opened the first Wal-Mart in 1962 on the basis of low prices and better service. What started small, with a single discount store and the simple idea of selling more for less, has grown over the last fifty years into the largest retailer in the world (Wal-Mart, 2015). Wal-Mart has 260 million customers and over 11,500 stores under 65 …show more content…
Charles Loudermilk. They are headquartered in Atlanta and has been publicly traded since 1982. Aaron’s is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 Company-operated and franchised stores in the United States and Canada Aaron’s is the industry leader in serving the moderate-income consumer and offering affordable payment plans, quality merchandise and superior service (Aarons, 2015). They are one of the nation's top furniture rental and rent-to-own companies, behind industry leader Rent-A-Center (Rtohq, 2015). Aaron's has exited the office furniture rental business to focus on household goods (Hoover,