Aaron Inc is a versatile company who offers service to its customer based on the lease to own policy. The core focus of this company is in electronics, appliance, furniture, and computers. In the year 2014, Aaron Inc gained significant market share in the Rent to Own industry often known as RTO through the acquisition of progressive finance. This pushed AAN stock price higher in the global market and allowed them to secure stability in the virtual rent to own (RTO) space. In April 2016, they also secured Guinness World Records based on tumbling mattress dominoes game. Based on the statistical data of 2016, Aaron Inc has 1864 stores in the District of Columbia and Canada, offering their unique services.
Aaron’s, Inc. operates as an Omni channel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron’s Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories. As of March 31, 2019, it operated through 1,599 Aaron’s stores, including 1,230 company-operated stores; and 369 franchised stores in the United States and Canada, as well as its e-commerce platform, aarons.com. The company was founded in 1955 and is headquartered in Atlanta, Georgia.
Aaron’s Inc has become a brand name since they have come up with the unique idea of the lease-purchase solution to credit-challenged customers. Though the company is operating with full transparency and offering high-value service to the credit challenged customers but still, they become the victim of spyware controversy in the year 2013. It caused a negative impact on Aaron’s inc stock and aan stock price dropped in the global market on this event. However, things quickly settled in October 2013 after they come to a settlement with the Federal Trade Commission. The sudden drop in the aan stock price allowed many investors to make a decent profit in the market. It’s very obvious there will be ups and downs in large business but at the end of the day, people care about the settlement. The steady price movement in the Aaron’s inc stock demonstrates the strong administrative capability of Aaron’s Inc.
Things are not only limited to rental-purchase as Aaron’s Inc is also the key source of employment in important sectors. For instance, they are also holding major career events in the leading University which represents the steady growth of this company. The number of active employees in Aaron’s Inc is 11,900 (based on 2016 data) and they are continuously creating more job fields for the young generation. The estimated revenue is $3.21 billion (based on 2016 data) and the company is expecting significant growth in stock price. Some of the leading stock analysts often suggest buying Aaron’s inc stock at the deeps since the company showed significant strength in recovering its economic recession period. But the investors might have to hold into Aaron’s inc stock for a long time to make a significant profit.