White Paper Highlights the Significant
Customer Benefits and the Retailer Necessity of Selecting and
Partnering with a Lease-to-Own Provider
PLANO,
Texas, May 7, 2024 /PRNewswire/ -- Acima Leasing,
one of the nation's leading providers of lease-to-own solutions and
a business of Upbound Group, Inc. (NASDAQ: UPBD), announced the
release of its white paper addressing the importance of having a
best-in-class lease-to-own (LTO) partner to provide flexible
and transparent shopping options for customers and help retailers
enhance customer loyalty.
In an LTO transaction, with a provider such as Acima Leasing,
the retail partner benefits from the additional sale to the LTO
provider and increased customer satisfaction, and the customer
benefits from access to the products they want under flexible lease
terms that include options to obtain ownership or return the
product to the LTO provider and terminate their lease.
"Acima's LTO offering meets a critical need for consumers. Our
partnerships with retailers continue to expand and provide growth
opportunities for retailers and customers with access to a wide
range of quality durable goods," said Tyler
Montrone, EVP, Acima. "With our white paper, we are
underscoring the valuable advantages of LTO options and
highlighting the financial flexibility that helps millions of
underserved Americans each year."
Giving an in-depth understanding of the LTO process and sharing
critical insights about the customer base, the Acima Leasing white
paper emphasizes the necessity of LTO options for retailers.
Key topics covered in the white paper include:
- A thorough review of LTO shoppers, often consumers with
un-scorable or non-prime credit profiles, including potentially a
high percentage of Gen Z
- A detailed overview of the numerous benefits of LTO from a
retailer and consumer perspective
- An illustration of potential LTO vs. credit card costs for
consumers who choose to acquire ownership
- What makes an ideal LTO partner for retailers
Acima Leasing can help retailers reach a new audience and a
broader range of customers. Accelerating growth and capturing new
customers is becoming increasingly important in the current
economy, given the large number of consumers that are
credit-challenged. As a leading provider of inclusive tech-forward
lease-to-own solutions, Acima Leasing allows its retail partners to
serve more consumers and delivers value to underserved
consumers.
Download the white paper at
www.getacima.com/2024-white-paper.
About Upbound Group, Inc.
Upbound Group, Inc. (NASDAQ: UPBD) is an omnichannel 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 2,400 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 www.Upbound.com.
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SOURCE Upbound Group, Inc.