UPBD 📈 Upbound - Overview

Upbound Group Inc. is a leasing company that provides household durable goods to customers in the United States, Puerto Rico, and Mexico through a lease-to-own model. The company's operations are divided into four main segments: Rent-A-Center, Acima, Mexico, and Franchising, each catering to different markets and customer needs. Its well-established brands, including Rent-A-Center and Acima, enable consumers to access a wide range of products across various store-based and virtual channels, making it convenient for customers to acquire the goods they need.

The company's product portfolio is diverse, comprising furniture, mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories. This broad range of offerings allows customers to lease or purchase items that fit their lifestyle and budget. Additionally, Upbound Group provides merchandise on an installment sales basis, which helps consumers who may not qualify for traditional financing options. The lease-to-own transactions can be facilitated through staffed or unstaffed kiosks located in partner retailers' stores, as well as through other virtual channels, ensuring flexibility and accessibility for customers.

Upbound Group operates a variety of retail stores, including those under the Get It Now and Home Choice names, which focus on installment sales. It also runs lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme brands. Furthermore, the company has its own e-commerce platform, accessible through rentacenter.com, allowing customers to browse and lease products online. With a history dating back to 1960, Upbound Group has established itself as a significant player in the lease-to-own market, providing essential goods to consumers who may not have access to traditional credit options.

Formerly known as Rent-A-Center, Inc., the company underwent a name change to Upbound Group Inc. in February 2023, reflecting its evolving business strategy and commitment to expanding its services. Headquartered in Plano, Texas, Upbound Group Inc. is listed on the NASDAQ stock exchange under the ticker symbol UPBD. The company's common stock is classified under the GICS Sub Industry of Computer & Electronics Retail, highlighting its focus on providing technology and electronic products to its customers. For more information, investors and customers can visit the company's website at https://www.upbound.com.