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Aaron's

The Aaron's Company is an American lease-to-own retailer.

#7448

Rank

$318.35M

Marketcap

US United States

Country

Aaron's
Leadership team

Mr. Douglas A. Lindsay (CEO & Director)

Mr. Stephen W. Olsen (Pres)

Mr. C. Kelly Wall (Exec. VP & CFO)

Products/ Services
Consumer Electronics, Furniture, Rental, Retail
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1955
Company Registration
SEC CIK number: 0001821393
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
AAN
Social Media
Overview
Location
Summary

The Aaron's Company, Inc. provides lease-to-own and purchase solutions. The company engages in direct-to-consumer sales and lease ownership of furniture, appliances, electronics, computers, and accessories through company-operated and franchised stores in the United States and Canada, as well as its e-commerce platform. It also manufactures and supplies bedding and upholstered furniture. As of October 19, 2022, the company operated approximately 1,300 company-operated and franchised stores. The company was formerly known as Aaron's SpinCo, Inc. The Aaron's Company, Inc. was founded in 1955 and is headquartered in Atlanta, Georgia.

History

Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955.

In September 2008, Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway. Aaron's Corporate Furnishings division, which operated 47 stores, recorded revenues of approximately $99 million in 2007. 

As of December 31, 2016, Aaron's had 1,864 stores located in 28 states and the District of Columbia and Canada. In addition, they had 699 independently-owned franchised stores in 46 states and Canada.

On July 29, 2020, Aaron’s Holdings Company, Inc. announced plans to split into two companies: PROG Holdings, Inc. and The Aaron’s Company, Inc. PROG Holdings, with the ticker symbol "PRG" , remained in the S&P Midcap 400 stock index but its Global Industry Classification Standard was changed to "Consumer Finance". The Aaron's Company continueed to trade under the ticker symbol "AAN" but was moved into the S&P Smallcap 600.

Mission

We strive to make a difference in the communities we serve and in the lives of our customers by offering the best possible experience to help them achieve their ownership goals. At Aaron's, first names are just as important as brand names.

Vision

Aaron's company's vision is to become the leading global fashion brand. We will strive towards creating a strong and sustainable culture and community, while also advocating for quality, sustainability, and diversity in the fashion industry.

Key Team

Mr. Douglass L. Noe (Principal Accounting Officer, VP & Corp. Controller)

Ms. Rachel G. George (EVP, Gen. Counsel, Sec., Chief Compliance Officer & Chief Corp. Affairs Officer)

R. Charles Loudermilk Sr. (Founder & Chairman Emeritus)

Mr. Michael P. Dickerson (VP of Corp. Communications & Investor Relations)

Keith Hancock (Sr. Director of Corp. Affairs)

Recognition and Awards
Aaron's won 2 awards in 2022. In 2022, Aaron's won for Happiest Employees and Best Leadership Teams 2022. Based on 5,203 ratings and 248 participants, employees at Aaron's are very satisfied with their work experience. The overall culture score, 78/100 or A, incorporates employee ratings based on their feedback on the Compensation, Team, Gender and more.
References

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Aaron's
Leadership team

Mr. Douglas A. Lindsay (CEO & Director)

Mr. Stephen W. Olsen (Pres)

Mr. C. Kelly Wall (Exec. VP & CFO)

Products/ Services
Consumer Electronics, Furniture, Rental, Retail
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1955
Company Registration
SEC CIK number: 0001821393
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
AAN
Social Media