Aaron, Inc. is a rent-to-own retailer. The company focuses on rent and retail sales of furniture, electronics, appliances, and computers. In 2014, Aaron completed the acquisition of Progressive Finance, increasing their market share in traditional rental-to-own (RTO) industry and rent-to-own (RTO) virtual spaces (no citation). The acquisition supports the Company's strategy to address the changing needs of customers demanded for credit to purchase furniture, electronics and appliances as the consumer population is more inclined towards the acquisition of multi-channel goods and services.
In April 2016, Aaron's, Inc. set the Guinness World Record for the biggest "falling domino" game. This game was founded using more than 1,000 people and mattresses.
Video Aaron's, Inc.
Location
On December 31, 2016, Aaron's, Inc. has 1,864 stores: 1,165 Company-operated stores and 699 franchised stores owned and operated independently in 48 states, the District of Columbia and Canada.
Maps Aaron's, Inc.
History
Aaron Rents, Inc. founded by R. Charles Loudermilk, Sr. in 1955.
In September 2008, Aaron announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway. Aaron's Corporate Furnishings Division, which operates 47 stores, recorded revenues of approximately $ 99 million in 2007. In the last quarter of 2012, Aaron opened its 2000 store. In November 2014, Aaron announced that John W. Robinson III would take over the position of CEO of the company from Ronald W. Allen.
In 2014, Aaron announced plans to reshape its core business by focusing on the same store revenue growth, enhancing Aaron's online platform, boosting cost efficiency, moderating new store growth, and strengthening the franchise network. The Company's online strategy includes the launch of an e-commerce platform by 2015.
Controversy
In February 2013, a customer sued Aaron for allegedly using spyware on a rented computer to send over 185,000 emails to the rental company, including customer Social Security numbers, passwords, and keystrokes, as well as explicit images. Aaron, Inc. officials previously said that the company has not installed spyware, and each franchise is responsible. In October 2013, Aaron agreed to a settlement with the Federal Trade Commission limiting how he used monitoring technology and instructed him to remove incorrectly collected customer information.
Sponsors
- NASCAR race: Aaron Michael Waltrip sponsorship of the NASCAR Sprint Cup Series on a part-time basis. Aaron is also the name of the spring race at Talladega Superspeedway, Aaron 499, along with the National Series spring race on track, 312 Aaron, from 2002 to 2014.
- National Hot Rod Association racing: Aaron sponsored Don Schumacher Racing at NHRA Mello Yello Drag Racing Series. They sponsor a fun car driver, Jack Beckman and main fuel driver, Antron Brown.
- Aaron sponsored by Clint Bowyer in No. 15 Chevrolet SS for HScott Motorsports, in Atlanta in 2016. They also sponsored Michael Waltrip in his final career race in Daytona in 2017.
See also
- List of companies in the United States
- List of companies S & amp; P 400
- Furlenco
References
- Source
- Plunkett, Jack W. (December 2007). Retail Plunkett Industry, Almanac 2008 . ISBNÃ, 1-59392-101-2.
External links
- Official website
- Aaron's Sales and Lease Ownership Website
- Aaron Office Furniture Website
- RIMCO
- Home Staging by Aaron's - Home Staging Furniture Filled by Aaron's
- HOMESMART - Aaron's Inc. subsidiary
- Editing Aaron Inc SEC
Source of the article : Wikipedia
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