Aaron's, Inc.
Company and Retailer
Things looking up for Reutimann...Chase berth for next year. He'll be back with crew chief Rodney Childers, marking the first time he's kept the same crew chief from one season to next, and sponsor Aaron's will again pick up a big part of the tab. And MWR should be stronger. In this article: David Reutimann, Martin Truex Jr., Denny Hamlin, Toyota, Aaron's, Coca-Cola 600, Nascar, Earnhardt Ganassi Racing, and Rodney Childers |
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Sports Illustrated Writers | August 20, 2009
Tom Bowles: This year's also-rans are next year's Chase contenders
...season at Michael Waltrip Racing. In January, there wasn't even full sponsorship for the No. 00 car, and Waltrip went to Aaron's owner Ken Butler and begged the company to add enough money to run a full season. Without it, his top talent would...
In this article: Joey Logano, David Reutimann, Brad Keselowski, Regan Smith, Roger Penske, Rookie of the Year, Tony Stewart, Kurt Busch, and Marcos Ambrose
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Ft. Worth Star-Telegram | February 11, 2009
Sagging economy has affected NASCAR and its fans in similar ways
...00 Toyota who came to Daytona with sponsorship for half the season. But Aaron's Rents agreed to pick up the other 18 races, giving Reutimann a sponsor for the entire season. Brent Baldwin of Dallas and Shari Callahan of Rockwall will be in...
In this article: Nascar, Travis Kvapil, Daytona 500, Jamie McMurray, Sprint Cup, Ryan Newman, Daytona, Samsung 500, and David Reutimann
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Bleacher Report | October 14, 2009
What Is Up at Michael Waltrip Racing?
...car could have as many as 12 races open and in need of sponsorship. "Aaron's is going to be the sponsor for half the season for Reutimann," Norris said. "It depends on how contracts fall the next couple of weeks." Even more...
In this article: Michael Waltrip, Danica Patrick, David Reutimann, Martin Truex, Jr., Sprint Cup, and Nascar
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PR Newswire: Aerospace/Defense | September 15, 2009
Aaron's NASCAR Drivers Make a Pit Stop in Support of the Armed Forces Foundation Monthly Dinner at McGuire VA Hospital
About Michael Waltrip Racing and Aaron's Rents, Inc.: Michael Waltrip Racing and Aaron Rents, Inc. hold one of the longest sponsor and owner relationships in NASCAR. Aaron's Sales & Lease Ownership, the largest division of Aaron...
In this article: Aaron Rents, David Reutimann, Nascar, Michael Waltrip, and New York Stock Exchange
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ESPN.com | September 12, 2008
ESPN - UPS delivers for 6 car; Army might hook up with Newman, sources say - Racing
...of Ryan Newman's car at Stewart-Haas Racing in 2009. Michael Waltrip Racing will fill the loss of UPS on David Reutimann's car with Aaron's and another sponsor to be named later. Dale Earnhardt Inc. is left looking for a sponsor to...
In this article: UPS, Ryan Newman, ESPN, Aaron's, Nascar, Espn.com, David Reutimann, Regan Smith, and Aric Almirola
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Tom Bowles: Gordon, Busch primed for season-long duel
...UPS in the offseason almost left him on the sidelines altogether. It took owner Michael Waltrip begging longtime sponsor Aaron's to get Reutimann the funding he needed. In hindsight, that company may have the sponsorship steal of 2009, as...
In this article: Jeff Gordon, Kyle Busch, Nascar, David Reutimann, Jimmie Johnson, Dave Blaney, Hendrick Motorsports, Daytona 500, and Daytona
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San Francisco Chronicle | February 08, 2009
Strange start to season for NASCAR as Daytona revs up
...splitting up the high price of advertising on race cars. David Reutimann got good news Thursday when Aaron's opted to sponsor the No. 00 Toyota for the entire season. Defending Daytona 500 champion Ryan Newman may be in a more...
In this article: Nascar, Daytona 500, Dale Earnhardt Jr., Mark Martin, Ryan Newman, Roush Fenway Racing, Toyota, Unemployment, and Aaron's
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USATODAY.com | August 22, 2008
Edwards takes pole at Bristol to keep momentum going
...also will sponsor Waltrip and Reutimann in 10 Nationwide races. Waltrip credited a strong relationship with Aaron's president Ken Butler for the long-running sponsorship. "Ken might call up and say, 'Why don't you take a Cup car to...
In this article: Carl Edwards, Kyle Busch, Aaron's, David Reutimann, Bristol, Sharpie 500, Roush Fenway Racing, and Jeff Gordon
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Description from Wikipedia:
Aaron's, Inc. is a lease-to-own retailer. It was founded by R. Charles Loudermilk in 1955. The company focuses on furniture, electronics, appliances, computer leases and retail sales.
The company is divided into three major divisions: sales and lease ownership; corporate furnishings; and manufacturing. The incorporation of manufacturing as well as retailing makes the company vertically integrated.
As of December 31st, 2008, Aaron's, Inc. has 1557 locations, broken down as follows:
*1027 company-owned sales and lease ownership stores
*10 Rimco stores
*9 Franchise Rimco stores
*495 Franchised SALO stores
*0 Aaron’s Corporate Furnishings
*16 Aaron's Office Furniture
This includes the first company owned Canadian store, opened on April 13, 2007 in Windsor, Ontario.
In September, 2008 Aaron's announced the sale of its Corporate Furnishings division to
CORT Business Services. The Corporate Furnishings division is made up of the company's residential rent-to-rent business, recording revenues of approximately $99 million in 2007. The Corporate Furnishings division operated 47 stores.
"This sale will enable us to focus our resources and energy on growing the Aaron's Sales & Lease Ownership division. With this divesture, we anticipate the Company will record increased revenue and earnings growth rates in future periods," said Robert C. Loudermilk, Jr., President
and Chief Executive Officer of Aaron Rents.
- Name:
- Aaron's, Inc.
- Type:
- Public (NYSE: RNT)
- Location:
- Atlanta, GA, USA
- Region:
- North America
- Founder:
- R. Charles Loudermilk
- Founded:
- 1955
- Stock Symbol:
- RNT
- Industry:
- Furniture
- Key People:
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- Robert C. Loudermilk Jr.
- R. Charles Loudermilk
- Products:
-
- Rent-to-own
- Furniture rental
- Revenue:
- US$ 1.494 billion (2007)
- Operating Income:
- US$ 128.84 million (2007)
- Net Income:
- US$ 75.82 Million (2007)
- Assets:
- US$ 1.113 billion (2007)
- Equity:
- US$ 673.38 million (2007)
- No. of Employees:
- 9,600 (2008)
- Subsidiaries:
-
- Aaron's
- Rimco
- Aaron's Corporate Furnishings
- Motto:
- Sales & Lease Ownership for Less!
- Market Cap:
- US$ 1.41 billion (2009)
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