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From Home Furnishing Business

Rent-A-Center 2Q Profit Drops 5%

Rent-A-Center on Monday said that net income in the second quarter fell 5 percent as costs rose and a key sales measure dropped.

The company, which leases furniture and appliances with an option to buy, reported second-quarter profit of $42 million for the three months ending June 30. That's down from $44.2 million in the same period in 2012, as expenses for salaries and other costs climbed.

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Source: CNBC



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