Rent-to-own News

Rent-to-own News - NEW PODCAST: Bob Bloom, ColorTyme president and CEO

May 16, 2008

Bob Bloom, president and CEO of ColorTyme was one of 50 attendees at the recent New York State Rental Dealers Association meeting in Verona, New York.
 

Click here for podcast.

Having made a career of expanding such companies as Rent-A-Center and saving struggling companies like EZCORP, Bloom took the helm of the industry's oldest rent-to-own franchise company in 2004.

ColorTyme now claims 213 storefronts -- 76 of which are franchises -- in addition to it's growing wheel and tire division, RimTyme.

In this exclusive APRO podcast, Bloom discusses why his franchisees are his company's greatest asset, the lucrative wheel and tire market and the dynamics that will continue to keep ColorTyme viable into the 21st century. 

"We've transitioned from a 300 plus chain with several large franchisees," Bloom says. "where today, we only have two franchisees with over 20 stores. "We have a lot of franchisees with only one store and those franchisees are our future. That's going to be where we're going to see the growth."

 

mevans@rtohq.org

About APRO
The Association of Progressive Rental Organizations is the official voice of the rent-to-own industry and the most accurate and trustworthy source of rent-to-own news in the industry. Founded in 1980, APRO is the national, nonprofit trade association advocating and representing the rent-to-own industry before the U.S. Congress, state legislatures, courts, media and the public.

For more information, visit www.rtohq.org.




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From the New Las Vegas RNR Store opening Album
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.

Complete issue of RTOHQ: The Magazine | June - July 2008
Download the entire June- July 2008 issue of RTOHQ: The Magazine by clicking on the link above (PDF file size is approximately 11 MB). by APRO

 

The Connectors
By Kristen Card
Taking into consideration APRO’s 2008 Convention theme, “Rent-to-Own Connections,” we debut RTOHQ: The Magazine with a series of profiles on some of those in our industry who use their insights about rent-to-own and their abilities of persuasion to connect with members of Congress: Congressman William Lacy Clay, Steve Kruse, RSSS’ Ellison Crider, Missouri’s Mighty Cs (Larry Carrico, “Tiger” John Cleek and Dan Cole), Lyn Leach, Bryce Company’s Bryan Collins, Tom Bernau and Benefit Marketing Solutions.

 

Identity Theft in the Rent-to-Own World
By Ed Winn III
These days, businesses are being held more accountable for the records they keep and the safeguards they use to protect them. Should your customers’ personal and financial information fall into the hands of thieves, you might be liable for the damages caused.

 

APRO’s 2008 Convention Education: Your Gateway to New Ideas
The education schedule at APRO’s 2008 Rent-to-Own Convention and Buying Show in St. Louis has been revamped to provide an entire day of great ideas that you can take back to your stores. Check out the complete schedule and seminar descriptions in this issue.

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097