-
Rent-A-Center posts a weak Q4
Rent-A-Center's Acceptance Now program has been a big hit with consumers, but the kiosks weren't enough to lift the company in the fourth quarter. The company reported a 28% increase in same store sales at the Acceptance Now kiosks, which allow customers to pick out items from certain retailers partnering with RAC. Rent-A-Center will buy the item and lease it to the customer with no credit check needed. -
Lululemon founder hangs up his yoga pants
Lululemon Athletica Inc. will have to get along without the advice of its controversial founder, who announced he is stepping down from the company's board.
Chip Wilson, a sometimes controversial figure who helped build the Canadian yogawear retailer into an international success story, said he was resigning from the company's board.
"I believe that now is the right time to step away," Wilson said in a statement.
Wilson, who founded Lululemon in 1998, withdrew from day-to-day management in early 2012, and stepped down as chairman in late 2013.

