| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
31 |
| Employees |
8,000 |
| Revenues (TTM) (Millions $) |
2,070 |
| Net Income (TTM) (Millions $) |
-43 |
| Cash Flow (TTM) (Millions $) |
1 |
| Capital Exp. (TTM) (Millions $) |
27 |
Business Description
The Aarons Company is a retail corporation based in Atlanta, Georgia, specializing in leasing and sales of furniture, electronics, and appliances. It was founded in 1955 in Atlanta by R. Charles Loudermilk Sr. as Aaron Rents and has now developed as a leading provider of furniture, appliances, mattresses, and electronics in America.
The Aarons Company has over 1,600 company-operated and franchised stores across the United States, providing its customers with flexible and affordable product ownership options, including lease-to-own and purchase solutions. The company operates under two primary brands, "Aaron's" and "Progressive Leasing."
Aaron's brand offers customers complete home furnishings and consumer electronics solutions through a unique lease-to-own business model. Its products include living room sets, dining room sets, bedroom sets, electronics, appliances, and computer systems. Customers can utilize a no-credit-check lease to purchase options to purchase products.
The second brand, Progressive Leasing, provides lease-purchase solutions to customers who are not available for credit. This model allows customers to purchase brand-new merchandise in installments, making comfortable purchases of products like furniture and electronics.
The Aarons Company is committed to creating a positive impact on the community through various initiatives such as funding scholarships for its community partners, including Boys & Girls Clubs of America, and partnership with the Military Warriors Support Foundation to provide furnished homes for injured and disabled veterans.
The company is also committed to sustainability and is constantly working to integrate environmentally responsible practices into its daily business activities. This involves environmental packaging, merchandise, and logistics solutions that contribute to waste reduction and carbon footprint reduction.
In summary, The Aarons Company is a well-established and innovative consumer goods company, employing more than 11,000 associates and operating over 1,600 company-operated and franchised stores across the United States. Its commitment to innovation, sustainability, and community development, along with a unique lease-to-own business model, continues to set the company apart in the retail industry.
Company Address: 400 Galleria Parkway SE Atlanta 30339 GA
Company Phone Number: 402-3000 Stock Exchange / Ticker: NYSE AAN
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