Business
Acima Leasing is Named the Exclusive LTO Partner for Top Furniture Retailer, Slumberland Furniture Customers
Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own PLANO, Texas, June 18, 2024
About this update from Upbound Group, Inc.
[{"type":"text","content":"Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own \nPLANO, Texas, June 18, 2024 /PRNewswire/ -- Acima Leasing, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), is announcing its newest partnership with the \"Top 30\" 1 furniture retailer, Slumberland Furniture. This exclusive, multi-year agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, Illinois, Kansas, South Dakota and Nebraska. Acima Leasing will also be the preferred LTO provider for Slumberland's franchise locations.\n\n \n \n \n \n \n \n\n \n\"The Slumberland Furniture mission is to improve the life of each customer, and this partnership with Acima Leasing ensures inclusivity for credit-challenged customers through a lease-purchase transaction,\" said Kenny Larson, CEO of Slumberland Furniture. \"We aim to excel in customer satisfaction, and Acima Leasing will allow us to serve more customers by providing them with options to get the home furnishings they desire.\"\n\"This partnership will enable Slumberland Furniture to help consumers in the Midwest with less-than-perfect credit to get brand-name mattresses and furniture,\" said Mike Bagull, SVP of Business Development and Partnerships at Acima. \"We're honored to be the first LTO company to work with Slumberland Furniture, and we look forward to a long and collaborative partnership.\"\nAcima Leasing provides innovative technology that enables underserved customers to shop without using credit. Through its flexible, point-of-sale platform, Acima Leasing offers lease-to-own solutions to retailers that allow customers to access bigger ticket items such as furniture, tires, mattresses, appliances, electronics, jewelry, and more. In turn, LTO customers are able to use and enjoy eligible brand-name merchandise with no long-term obligation, and they have multiple options, if desired, to purchase the leased merchandise.\nRetailers that want to increase opportunities to boost growth and add lease-to-own solutions to their checkout can learn more about Acima Leasing's offerings at: www.acima.com/partner.\n1 Source: Furniture Today Top 100 U.S. Furniture Stores 2024 May 27, 2024 \nAbout Upbound Group, Inc.\nUpbound Group, Inc. (NASDAQ: UPBD) is an omnichanne...