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Rent-A-Center Shuts Doors on Nearly 70 Stores
11 Aug
Summary
- Rent-A-Center closed 69 underperforming stores in Q2 2026.
- Upbound Group, parent company, reported $1.2 billion in Q2 revenue.
- Store closures aim to optimize operations and improve profitability.
Rent-A-Center, operated by Upbound Group, recently closed 69 of its underperforming stores. This action was announced as part of a broader strategy to optimize operations and improve store-level profitability. The parent company, Upbound Group, reported $1.2 billion in revenue for the second quarter of 2026, a slight increase year-over-year.
Despite a flat revenue of $466 million for Rent-A-Center in the second quarter of 2026, its adjusted EBITDA saw an 8% decline. The closures are intended to streamline the business, with customer accounts being integrated into nearby branches. This move reflects a focus on enhancing the physical footprint and customer experience.
The rent-to-own model, which has a long operating history, is being refined through these optimization efforts. Rent-A-Center continues to aim for same-store sales growth and prioritizes portfolio quality. The company operates approximately 2,100 stores across the U.S., Mexico, and Puerto Rico.
