Trade Law Daily is a Warren News publication.

Supply-Chain Conditions ‘Pretty Close’ to Pre-Pandemic, Says Rent-a-Center EVP

Rent-a-Center’s Q3 same-store sales grew 12.9% from the 2019 quarter due to a 71% increase in e-commerce transactions, said CEO Mitch Fadel on a Thursday investor call. The pandemic “accelerated” the finding that the “digital strategy is the right approach,”…

Sign up for a free preview to unlock the rest of this article

Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.

he said. The transition to e-commerce is “attracting new customers into lease-to-own,” and they tend to be “a younger demographic,” said Executive Vice President Anthony Blasquez. The supply-chain disruptions in electronics that Rent-a-Center experienced in Q2 improved “sequentially” in Q3, said Blasquez. “We feel like we're in good position to go ahead and meet the demand” for the holiday quarter, he said. Compared with supply-chain conditions in Q4 a year ago, “we're pretty close,” he said.