the Aaron's Company

{{As of|2020|December|31}}, the Aaron's Company has 1,340 stores: 1,092 company-operated stores (in 43 states and Canada) and 248 independently owned and operated franchised stores in 35 states and Canada.{{cite web|url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0001821393/c327bfa4-2ec8-493e-bd77-78f741ac9d70.pdf|title=Aaron's 10K SEC Filing|work=aarons.com}}

Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955.{{cite news | title= Aaron Rents, Inc. Changes Name to Aaron's, Inc. | work= PR Newswire | date= April 14, 2009 | access-date= 2011-05-04 | url= http://phx.corporate-ir.net/phoenix.zhtml?c=104698&p=irol-newsArticle_print&ID=1275980 | archive-url= https://archive.today/20120715055506/http://phx.corporate-ir.net/phoenix.zhtml?c=104698&p=irol-newsArticle_print&ID=1275980 |url-status = dead| archive-date= July 15, 2012 | publisher= CCBN/Thomson Reuters | quote= Founded in 1955 by entrepreneur R. Charles Loudermilk, Sr. and headquartered in Atlanta, Aaron's has been publicly traded since 1982. }}

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.{{cite news| url=https://www.reuters.com/article/pressRelease/idUS104182+15-Sep-2008+PRN20080915 | archive-url=https://archive.today/20130201104918/http://www.reuters.com/article/pressRelease/idUS104182+15-Sep-2008+PRN20080915 | url-status=dead | archive-date=2013-02-01 | title=Aaron Rents, Inc. Sells Aaron's Corporate Furnishings Division to CORT Business Services | date=2008-09-15 | work=Reuters}}

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.{{Cite web|url=https://www.forbes.com/sites/joecornell/2020/11/19/aarons-holdings-to-spin-off-the-aarons-company-on-november-30-2020/|title=Aaron's Holdings To Spin-Off{{sic|nolink=y}} The Aaron's Company On November 30, 2020|website=Forbes|access-date=2021-02-18}} PROG Holdings, with the ticker symbol "PRG" ({{nyse|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" ({{nyse|AAN}}) but was moved into the S&P Smallcap 600.{{Cite web|url=https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20201201-1266188/1266188_spinconcentricaaron46.pdf|title=Concentrix Set to Join S&P MidCap 400; AMC Networks & The Aaron's Company to Join S&P SmallCap 600|website=SPGlobal|access-date=2021-02-18}}

In April of 2022, Aaron's purchased Brandsmart USA, a regional appliance and consumer electronics retailer, for $230 Million.{{cite web |date=April 2022 |url=https://www.jonesday.com/en/practices/experience/2022/04/aarons-company-to-acquire-brandsmart-usa-for-230-million |title=Cases & Deals: Aaron's Company acquires BrandsMart U.S.A. for $230 million |publisher=Jones Day |access-date=23 August 2024}}

On October 3, 2024, IQVentures completed the acquisition of the firm for approximately $504 million.{{Cite web|url=https://www.kilgorenewsherald.com/iqventures-completes-acquisition-of-the-aarons-company/article_3ce218de-8523-5301-8f7d-ded6c7758e74.html|title= IQVentures Completes Acquisition of The Aaron's Company|work=Kilgore News Herald|access-date=2024-10-04|language=en}}

In February 2013, customers sued Aaron's for allegedly using spyware on rented computers to send over 185,000 emails to the rental company, including customers' Social Security numbers, passwords and captured keystrokes, as well as explicit images.{{cite news |title=185,000 spyware emails were sent to Aaron's computers |url=http://www.nbcnews.com/technology/technolog/185-000-spyware-emails-were-sent-aarons-computers-1C8595813 |access-date=March 6, 2013 |newspaper=NBC News |date=February 28, 2013|archive-url=https://web.archive.org/web/20130301144333/http://www.nbcnews.com/technology/technolog/185-000-spyware-emails-were-sent-aarons-computers-1C8595813|archive-date=March 1, 2013}} The Aaron's Company officials had previously said that the company had not installed the spyware, and individual franchisees were responsible. In October 2013, Aaron's agreed to a settlement with the Federal Trade Commission that limited how it used monitoring technology and ordered it to delete customer information that had been improperly collected.{{cite web|title=Rental business Aaron's admits role in spying on customers|url=http://onlineathens.com/local-news/2013-10-23/rental-business-aarons-admits-role-spying-customers|access-date=October 24, 2013|date=October 23, 2013|author=Leon Stafford|archive-url=https://web.archive.org/web/20170709004400/http://onlineathens.com/local-news/2013-10-23/rental-business-aarons-admits-role-spying-customers|archive-date=July 9, 2017|url-status = dead|df=mdy-all}}

• List of S&P 600 companies
• Furlenco

{{Reflist}}

• {{cite book|last=Plunkett|first=Jack W.|title=Plunkett's Retail Industry Almanac 2008|url=https://books.google.com/books?id=z4eZhafKnEcC&dq=%22Aaron+Rents%22&pg=PT151|date=December 2007|isbn=978-1-59392-101-9}}

{{commons category}}

• {{Official website|https://www.aarons.com/}}
• {{Finance links

| symbol = AAN

| sec_cik = AAN

| google = AAN

| yahoo = AAN

| bloomberg = AAN:US

| reuters = AAN

| nasdaq = AAN

}}

• [https://www.aarons.com/ Aaron's Rent to Own and Lease Ownership website]
• [http://www.homestagingbyaarons.com Home Staging by Aaron's] {{Webarchive|url=https://web.archive.org/web/20190511230412/http://homestagingbyaarons.com/ |date=2019-05-11 }} - Home Staging Furniture Fulfilled by Aaron's
• [http://www.shophomesmart.com HOMESMART] {{Webarchive|url=https://web.archive.org/web/20121228225751/http://www.shophomesmart.com/ |date=2012-12-28 }} - Subsidiary of Aaron's Inc.
• [http://www.secdatabase.com/CIK/706688/Company-Name/AARON%27S-INC Aaron Inc SEC Filings]

{{Atlanta companies}}

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{{DEFAULTSORT:Aaron's Company, The}}

Category:Companies listed on the New York Stock Exchange

Category:Companies based in Atlanta

Category:Retail companies established in 1955

Category:Furniture retailers of the United States

Category:Renting

Category:Franchises

Category:1955 establishments in Georgia (U.S. state)

Category:2024 mergers and acquisitions