Best Buy readying rent-to-own option - Best Buy Co. BBY +1.27% - Rent-A-Center Inc. RCII +0.84%; Best Buy Co. BBY +1.27% is preparing a pilot program to offer electronics through a unit of Rent-A-Center Inc. RCII +0.84% , employees of the rent-to-own company and analysts say.
Rent-A-Center, which provides consumers the option of owning merchandise through rental arrangements, plans to set up kiosks in Best Buy stores to provide products to customers who don't meet Best Buy's credit standards or don't want to take on additional debt, Rent-A-Center employees told Dow Jones Newswires.
A Best Buy spokeswoman didn't respond to requests for comment, and a spokesman for Rent-A-Center declined to comment.
The first kiosks, operating under Rent-A-Center's RAC Acceptance program, are expected to open in Best Buy stores in the California area, with one Rent-A-Center employee saying the first opening could come within weeks. Read More
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