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Best Buy May Offer Rent-to-Own Option (The Wall Street Journal - Market Watch)

August 22, 2011

The Wall Street Journal

NEW YORK (MarketWatch) -- Best Buy Co. is preparing a pilot program to offer electronics through a unit of Rent-A-Center Inc., employees of the rent-to-own company and analysts say.

Rent-A-Center, which provides consumers the option of owning merchandise through rental arrangements, plans to set up kiosks in Best Buy stores to provide products to customers who don't meet Best Buy's credit standards or don't want to take on additional debt, Rent-A-Center employees told Dow Jones Newswires.

A Best Buy spokeswoman didn't respond to requests for comment, and a spokesman for Rent-A-Center declined to comment.


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