Is Rent-A-Center owned by Aarons?

Table of Contents

Is Rent-A-Center owned by Aarons?

Is Rent-A-Center owned by Aarons?

Aaron's (NYSE:AAN) and Rent-A-Center (NASDAQ:RCII) operate in a consistent but uninspiring business. They both lease goods such as appliances, computers, furniture, and other accessories under rental agreements to customers....Related Stocks.
SymbolLast Price% Chg
RCIIRent-A-Center, Inc.52.93 Post. 52.50-1.73% -0.81%

Which company owns Aarons?

The company sells through the company-operated and franchised stores, e-commerce platform (Aarons.com) and national retail partners using virtual lease-to-own technology Progressive Leasing....Aaron's, Inc.
TypePublic
Traded asNYSE: AAN S&P 600 component
ISINUS
IndustryFurniture
FoundedJ

Who is Rent-A-Center owned by?

In an announcement Monday morning, furniture and electronics rent-to-own company Rent-A-Center agreed to sell itself for more than $800 million to investment firm Vintage Capital. Under the terms of the deal, Vintage will pay Rent-A-Center stockholders $15 per share.

What happens if you stop paying Aarons?

Lifetime reinstatement is a benefit we offer to our lease to own customers. If for any reason you cannot make your lease renewal payments, you can return your merchandise. Then when you're ready to pick your lease back up, you start where you left off with the same or comparable value merchandise.

Who owns Aaron's rent-to-own?

The company's largest shareholders are Vintage and mutual fund company Fidelity Investments' parent firm, which has a nearly 11 percent stake. Aaron's founder, R. Charles Loudermilk Sr., is the largest shareholder among the company's insiders, with almost 4.1 million shares, a 5.4 percent stake.

Is Arona the same as Aarons?

Taking the Pulse Arona Corp dba Aaron's has just completed an acquisition of 5 stores in the Denver Metropolitan Area on August 1st. ... Aaron's has more than 1,800 Company-operated and franchised stores in 48 states and Canada. Aaron's is a publicly traded company listed on the New York Stock Exchange.

Who owns Aaron's rent to own?

The company's largest shareholders are Vintage and mutual fund company Fidelity Investments' parent firm, which has a nearly 11 percent stake. Aaron's founder, R. Charles Loudermilk Sr., is the largest shareholder among the company's insiders, with almost 4.1 million shares, a 5.4 percent stake.

Is Progressive leasing owned by Aarons?

Progressive Leasing will comprise of Progressive Leasing and Vive Financial business. Progressive Leasing, acquired by Aaron's Inc. in 2014, is a leader in the expanding virtual lease-to-own market.

What company did Rent-A-Center buy?

Rent-A-Center Inc. is acquiring online lease-to-own provider Acima Holdings LLC in a cash-and-stock deal valued at more than $1.6 billion. The transaction will include $1.27 billion in cash and about 10.8 million shares of Rent-A-Center common stock currently valued at $377 million, the Plano, Texas-based company said.

Who did Rent-A-Center buy out?

Rent-Way, Inc. Rent-A-Center completed its acquisition of competitor Rent-Way, Inc. on 15 November 2006, for a price of approximately $600.3 million. At the time of the acquisition, Rent-Way was ranked number three in the rent-to-own industry with 782 stores in 34 states.

What kind of Business is Aaron's rent a center?

  • Aaron's (NYSE: AAN) and Rent-A-Center (NASDAQ: RCII) operate in a consistent but uninspiring business. They both lease goods such as appliances, computers, furniture, and other accessories under rental agreements to customers. Both companies operate thousands of stores in North America with most operated right here in the United States.

How to contact Aaron's rent to own furniture?

  • If you have any questions, please contact Aaron’s by writing Aaron’s, LLC. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-. You can unsubscribe at anytime. Please review Aaron’s Privacy Policy regarding potential use of personal information.

Which is better rent to own or rent a center?

  • Rent-to-own operates best in low growth periods for the economy. Aaron's and Rent-A-Center control half the market but attract different types of investors. The rent-to-own business is a stable market based on American consumerism – the business model isn't going anywhere anytime soon.

How long does one Aaron's lease agreement last?

  • Limit one Aaron’s lease agreement per customer within a 90 day period. Web based services and content require high speed internet and separate third party paid subscriptions. Leased merchandise will be moved without charge to new residence within 15 miles of store where merchandise was leased.

Related Posts: