Aaron's, Inc.

Aaron's, Inc. is a lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. In 2014, Aaron's completed the transformative acquisition of Progressive Finance resulting in the strategic positioning of the Company as the leader in both the traditional rent-to-own (RTO) industry as well as the emerging virtual rent-to-own (RTO) space [no citation]. The acquisition supports the Company's strategy to address credit-challenged customers' changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services.

Locations

As of 31 December 2014, Aaron's, Inc. has 2,108 stores: 1,326 Company-operated stores and 782 independently owned and operated franchised stores in 48 states, the District of Columbia, and Canada.

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, had recorded revenues of approximately $99 million in 2007. Within the last quarter of 2012 Aaron's opened its 2000th store. In November of 2014 Aaron’s announced that John W. Robinson III will take over the CEO position of the company from Ronald W. Allen.

Aaron

In the Hebrew Bible and the Quran, Aaron אַהֲרֹן (UK /ˈɛərən/, US /ˈærən/) was the older brother of Moses (Exodus 6:16-20, 7:7; Qur'an 28:34) and a prophet of God. Unlike Moses, who grew up in the Egyptian royal court, Aaron and his elder sister Miriam remained with their kinsmen in the eastern border-land of Egypt (Goshen). When Moses first confronted the Egyptian king about the Israelites, Aaron served as his brother's spokesman ("prophet") to Pharaoh. (Exodus 7:1) Part of the Law (Torah) that Moses received from God at Sinai granted Aaron the priesthood for himself and his male descendants, and he became the first High Priest of the Israelites. Various dates for his life have been proposed, ranging from approximately 1600 to 1200 BC. Aaron died before the Israelites crossed the Jordan river and he was buried on Mount Hor (Numbers 33:39; Deuteronomy 10:6 says he died and was buried at Moserah). Aaron is also mentioned in the New Testament of the Bible.

Account in the Hebrew Bible