Aaron's, Inc. is a lease-to-own retailer. It was founded by R. Charles Loudermilk in 1955. The company focuses on furniture, electronics, appliances, computer leases and retail sales. The company is divided into three major divisions: sales and lease ownership; corporate furnishings; and manufacturing. The incorporation of manufacturing as well as retailing makes the company vertically integrated.
As of September 30th, 2009, Aaron's, Inc. has 165...
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Aaron's, Inc. is a lease-to-own retailer. It was founded by R. Charles Loudermilk in 1955. The company focuses on furniture, electronics, appliances, computer leases and retail sales. The company is divided into three major divisions: sales and lease ownership; corporate furnishings; and manufacturing. The incorporation of manufacturing as well as retailing makes the company vertically integrated.
As of September 30th, 2009, Aaron's, Inc. has 1655 locations, broken down as follows:
This includes the first company owned Canadian store, opened on April 13, 2007 in Windsor, Ontario.
In September, 2008 Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services. The Corporate Furnishings division is made up of the company's residential rent-to-rent business, recording revenues of approximately $99 million in 2007. The Corporate Furnishings division operated 47 stores.
"This sale will enable us to focus our resources and energy on growing the Aaron's Sales &...
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