Upbound Group Inc
NASDAQ:UPBD

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Upbound Group Inc
NASDAQ:UPBD
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Price: 29.2 USD -2.7% Market Closed
Market Cap: 1.6B USD
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Upbound Group Inc
Investor Relations

Upbound Group Inc., formerly known as Rent-A-Center, operates as a significant player in the rent-to-own sector, addressing the financial needs of numerous consumers who find themselves outside the traditional credit spectrum. The company crafts a business model that capitalizes on offering flexible leasing arrangements for a wide array of merchandise, from furniture and electronics to appliances and smartphones. Customers engage with Upbound through physical storefronts or online platforms, allowing them to use goods immediately without the burden of high upfront costs. This pay-as-you-go approach, where ownership is gradually attained via regular payments, taps into a market niche craving both access to essential household items and manageable financial commitments.

The revenue stream of Upbound Group Inc. thrives on its ability to merge retail with financial services, ultimately monetizing its risk management and logistics expertise. As customers make regular payments on their leased items, the company not only secures an ongoing cash flow but also leverages its understanding of consumer behavior to optimize inventory turnover. By simplifying access to necessary goods and embedding a pathway to ownership, Upbound effectively balances customer needs with shareholder interests, creating a commercial ecosystem where profitability is intertwined with consumer satisfaction. Through these mechanisms, the company continually evolves its offerings and renews its value proposition in the dynamic rent-to-own market.

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Management

Mr. Mitchell E. Fadel
CEO & Director
No Bio Available
Mr. Fahmi Karam CPA
Executive VP & CFO
No Bio Available
Mr. Sudeep Gautam
Chief Technology & Digital Officer
No Bio Available
Mr. Anthony J. Blasquez
Executive Vice President of Rent-A-Center Business
No Bio Available
Mr. Tyler Montrone
Executive Vice President of Acima
No Bio Available
Mr. Michael Santimaw
Senior VP & Chief Information Officer
No Bio Available
Mr. John Jeffrey Chesnut CPA
Senior VP of Strategy & Corporate Development and Head of Investor Relations
No Bio Available
Mr. Bryan J. Pechersky J.D.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Transient C. Taylor
Executive VP & Chief HR and Diversity Officer
No Bio Available
Mr. Daniel G. Glasky
Senior VP and Chief Merchandise & Supply Chain Officer
No Bio Available

Contacts

Address
TEXAS
Plano
5501 Headquarters Dr
Contacts