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From Home Furnishing Business

AcceptanceNow Becomes FMG Preferred Vendor

AcceptanceNow, a Rent-A-Center (NASDAQ: RCII) unit that places rent-to-own kiosks within third-party retail outlets, has become a preferred vendor of Furniture Marketing Group, a buying group whose members represent more than 900 storefronts and have nearly $4 billion in annual sales.

The deal puts AcceptanceNow in front of FMG’s 114 retail members as a preferred vendor that could eventually result in staffed kiosks in hundreds of additional retail locations nationwide, officials said.

“FMG has a great reputation within the furniture industry, and we are excited to be partnering with them,” said Steve McKinley, AcceptanceNow vice president of sales and client relations. “We believe this partnership will drive additional revenue for these retailers through our added value program. Our proven staffed model is adding incremental revenue for retailers that would otherwise be lost.”

FMG partners with over 70 major furniture suppliers and service companies and targets medium to large, non-competing, independent retailers throughout the country who are interested in sharing ideas and making greater profits.

“After identifying a member need and responding to member recommendations, FMG welcomes AcceptanceNow as an FMG partner,” said Mike Herschel, FMG executive director. “Their professionally manned in-store kiosks will increase revenue by servicing the credit-challenged customer who would normally walk out without a purchase.”

AcceptanceNow operates 1,868 rent-to-own kiosks in third-party retail stores across the country.



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