How it started
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 continued to trade under the ticker symbol "AAN" but was moved into the S&P Smallcap 600.
In April of 2022, Aaron's purchased Brandsmart USA, a regional appliance and consumer electronics retailer, for $230 Million.
From Wikipedia’s article on Aaron's, Inc., shared under CC BY-SA 4.0.3