Mindshare awarded Rent-A-Center media business
15 March, 2012
GroupM Agency Chosen to Handle Broadcast Planning and Buying Responsibilities NEW YORK
— Mindshare, the global media services network, has been awarded media responsibilities for RAC (Rent-A-Center) in the U.S. and Puerto Rico, it was announced today.
The assignment includes media planning and buying responsibilities for traditional broadcast TV and radio, said Antony Young, CEO of Mindshare North America.
Young added that Mindshare won the business following a four-month review that included the incumbent and competing agencies.
This new partnership includes the involvement of GroupM company tmex, who will work with Mindshare to provide RAC with superior media quality and accountability in corporate trade transactions.
Rent-A-Center offers customers name-brand furniture, electronics, appliances and computers through flexible rental purchase agreements. Last year the company reported annual revenues of more than $3 billion.
“We chose Mindshare because the agency displayed a superior ability to develop and execute a full-service broadcast media strategy that will create increased awareness for our brand,” said Ann Davids, SVP and Chief Marketing Officer for Rent-A-Center. “We look forward to working with our new business partner to help us reach our marketplace goals.”
The assignment will be handled by Mindshare’s New York office, which will begin work on the account immediately.
Mindshare is one of four global WPP media and marketing agency networks within GroupM, along with Maxus, MEC, and MediaCom.
“We’re very excited that RAC has chosen us as its business partner,” said Young. “We look forward to planning and implementing media buying strategies that will propel the brand further.” About Mindshare
Mindshare is a global media and marketing services network with billings in excess of $27.8 billion (source: RECMA). The network consists of 115 offices in 82 countries throughout North America, Latin America, Europe, Middle East, and Asia Pacific, each dedicated to forging competitive marketing advantage for businesses and their brands. Mindshare is part of GroupM, which oversees the media investment management sector for WPP, the world’s leading communications services group. About GroupM
GroupM is the leading global media investment management operation. It serves as the parent company to WPP media agencies including Maxus, MEC, MediaCom, and Mindshare. Our primary purpose is to maximize the performance of WPP’s media communications agencies on behalf of our clients, our stakeholders and our people by operating as a parent and collaborator in performance-enhancing activities such as trading, content creation, sports, digital, finance, proprietary tool development and other business-critical capabilities. The agencies that comprise GroupM are all global operations in their own right with leading market positions. The focus of GroupM is the intelligent application of physical and intellectual scale to benefit trading, innovation, and new communication services, to bring competitive advantage to our clients and our companies. About tmex
tmex is “the new gold standard” in corporate trade. As a wholly owned subsidiary of WPP, the largest advertising conglomerate in the world, tmex is uniquely positioned to deliver the highest standards of trade performance in the media marketplace. Corporate trade is used by many Fortune 1000 companies as a strategic marketing resource that restores and drives valuation on various assets. Powered by GroupM, tmex delivers superior media quality and accountability in corporate trade transactions. About Rent-A-Center
Rent-A-Center, Inc., headquartered in Plano, Texas, currently operates approximately 3,000 company-owned stores nationwide and in Canada, Mexico and Puerto Rico. The stores generally offer high-quality, durable goods such as major consumer electronics, appliances, computers, furniture and accessories under flexible rental-purchase agreements that generally allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. Learn more at www.rentacenter.com
. Media Contact
Associate Director, Corporate Communications Laura.Czaja@MindshareWorld.Com
Office : 212-297-7556
498 7th Avenue New York, NY 10018 USA www.mindshareworld.com