2014 Press Releases

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Q3 2014 Aaron's Inc. Earnings Conference Call (Live)
10/24/14 at 10:00 a.m. ET
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Q2 2014 Aaron's Inc. Earnings Conference Call (Replay)
07/25/14 at 10:00 a.m. ET
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10/08/14Aaron's, Inc. Announces Third Quarter 2014 Earnings Call and Webcast
ATLANTA, Oct. 8, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, today announced it will host a conference call on Friday, October 24, 2014, at 10:00 am Eastern Time to discuss its third quarter 2014 financial results scheduled for release prior to the market opening on October 24, 2014.  The public is invited to listen to the conference call by webcast accessibl... 
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10/02/14Aaron's Surprises "Homes for the Holidays" Single-Parent in D.C. with House Full of Furniture
WASHINGTON, Oct. 2, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, in a surprise unveiling this week, filled the home presented to single mom Rodneyca Gray and her children with furniture including three bedrooms, a living room, a dining room, a TV and computer, as part of Warrick Dunn Charities (WDC) Homes for the Holidays program and in partnership with Ha... 
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09/03/14Aaron's and Warrick Dunn Charities Surprise 100th "Homes for the Holidays" Single-Parent with House Full of Furniture
ATLANTA, Sept. 3, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, in a surprise unveiling Tuesday, filled the home presented to single mom Kimberly Lofton and her daughters with furniture including three bedrooms, a living room, a dining room, a TV and computer, and a fully-stocked pantry as part of Warrick Dunn Charities (WDC) Homes for the Holidays program.... 
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08/29/14Science Meets Speed At Brookhaven Boys & Girls Club
No. 55 Aaron's Dream Machine Driver Brian Vickers & Michael Waltrip Racing Team Members Demonstrate Importance of Science, Technology, Engineering & Math in Racing, Careers ATLANTA, Aug. 29, 2014 /PRNewswire/ -- Aaron's, Inc., (NYSE: AAN),  partnered with the Brookhaven Boys & Girls Club of Metro Atlanta Thursday to host "The Science Of Speed," an event designed to give teenagers an exciting and informative look at how a science, technology, engineering and math (STEM) education c... 
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08/21/14Aaron's, Inc. Appoints Gilbert L. Danielson Interim CEO
ATLANTA, Aug. 21, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that its Board of Directors has appointed Gilbert L. Danielson, Executive Vice President and Chief Financial Officer, as interim Chief Executive Officer, effective following the retirement of Ronald W. Allen as the Company's Chief Executive Officer on August 31, 2014, which was ... 
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08/06/14Aaron's, Inc. Announces CEO Ron Allen's Retirement
ATLANTA, Aug. 6, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that Ronald W. Allen, 72, is retiring as the Company's Chief Executive Officer and as a member of the Company's Board of Directors, effective August 31, 2014. The Board has retained Spencer Stuart, a leading executive recruiting firm, to assist in the process of identifying Allen... 
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08/06/14Aaron's, Inc. Directors Declare Dividend
ATLANTA, Aug. 6, 2014 /PRNewswire/ -- The Board of Directors of Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of  furniture, consumer electronics and home appliances and accessories, has declared a quarterly cash dividend.  The dividend declared is $.021 per share on Common Stock, payable October 1, 2014 to shareholders of record as of the close of business on September 3, 2014. About Aaron's, Inc. Aaron's, Inc. (NYSE: AAN), a leader in the sal... 
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07/31/14Aaron's, Inc. Announces Gene Lockhart to Join Board of Directors
John Schuerholz to Retire from Aaron's Board after Eight Years of Service ATLANTA, July 31, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that Gene Lockhart, former President and CEO of MasterCard Worldwide, will join the Aaron's, Inc. Board of Directors effective August 1, 2014.  John Schuerholz, President of the Atlanta Braves, will ret... 
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07/25/14Aaron's, Inc. Reports Second Quarter Results
- Acquired Progressive Finance, Leading Virtual Lease-To-Own Company - Total Revenues of $672.5 Million - Net Earnings of $8.5 Million; Diluted EPS of $.12 - Non-GAAP Diluted EPS of $.37 - $50 Million in Potential Annual Cost Savings Identified - Progressive Continues to Exceed Expectations ATLANTA, July 25, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and ac... 
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07/24/14Aaron's, Inc. Announces Dave Buck, COO, Retiring
Tristan Montanero and Michael P. Ryan to Lead Operations; Scott Harvey Named VP of Franchising ATLANTA, July 24, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that Dave Buck, age 64, plans to retire as Chief Operations Officer after a 25-year career at Aaron's.  Effective August 1, Senior Vice President of Operations Tristan Mon... 
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07/15/14Aaron's, Inc. Revises 2014 Second Quarter Revenue and Earnings Guidance
Progressive Exceeding Expectations Company to Close Underperforming Stores and Continue Other Cost Reduction Initiatives ATLANTA, July 15, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced it is revising the Company's 2014 second quarter revenue and earnings guidance. Updated Guidance Based on preliminary results, the Company... 
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06/09/14The American Dream--Redefined, but Still Viable for Many
Millennials Show Most Resilience after Great Recession vs. Gen X and Boomers ATLANTA, June 9, 2014 /PRNewswire/ -- Many consumers in America continue to believe in the "American Dream" despite the lingering economic conditions, but find that their standard of living has been significantly impacted since the Great Recession.  The survey, commissioned by Aaron's, Inc. (NYSE: AAN), found that 42 percent still believe the American Dream is alive and well but 53 percent believe that they now live ... 
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05/21/14Aaron's, Inc. Names Sharon Lawrence VP Of Finance, Kirby Salgado Joins Aaron's As VP Of Merchandising
ATLANTA, May 21, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, announced today that Sharon Lawrence has been named Vice President of Finance and Kirby Salgado joins Aaron's as Vice President of Merchandising.  "Sharon was instrumental in raising the financing for Aaron's acquisition of Progressive Finance," said Steve Michaels, Aaron's Pre... 
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05/14/14Aaron's and The Wendy Williams Show Announce "Win a Room in June" Contest
Enter to Win a Master Bedroom, Living Room, Dining/Kitchen/Laundry Room or "Mom Cave" Makeover from Aaron's ATLANTA, May 14, 2014 /PRNewswire/ -- Aaron's, Inc., (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for furniture, electronics and appliances, in partnership with The Wendy Williams Show, is offering the show's viewers the chance to win a room makeover during the "Win a Room in June" contest. Each week in June, one winner will b... 
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05/13/14Aaron's, Inc. Reaches Agreement With Vintage Capital Management
Brian R. Kahn and Matthew E. Avril to Join Aaron's Board of Directors ATLANTA and ORLANDO, Fla., May 13, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has reached an agreement with Vintage Capital Management, LLC ("Vintage"), the Company's second largest shareholder. Pursuant to the agreement, Aaron's will expand the size of its Board from... 
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05/12/14Aaron's, Inc. Board Asks Shareholders to Approve Declassification
ATLANTA, May 12, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced that the Aaron's Board of Directors has unanimously voted to amend the Company's bylaws to declassify the Board, subject to the approval of Aaron's shareholders.  The Board will ask shareholders to approve this bylaw amendment at Aaron's Annual Meeting on June 10, 2014. S... 
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05/08/14Aaron's, Inc. Directors Declare Dividend
ATLANTA, May 8, 2014 /PRNewswire/ -- The Board of Directors of Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics and home appliances and accessories, has declared a quarterly cash dividend.  The dividend declared is $.021 per share on Common Stock, payable July 3, 2014 to shareholders of record as of the close of business on June 5, 2014. Aaron's, Inc., based in Atlanta, currently has more than 2,130 Co... 
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05/05/14Boys & Girls Clubs of America and Aaron’s Foundation Anno unce $1 Million National Partnership to Empower Teen Activation for Positive Community Change
Boys & Girls Clubs of America and Aaron’s Foundation Anno unce $1 Million National Partnership to Empower Teen Activation for Positive Community Change Aaron’s supports Keystone, BGCA’s 50-year-old teen leadership and character program ATLANTA (May 5, 2014) – Boys & Girls Clubs of America (BGCA) today announced a national partnership with Aaron’s Foundation (Aaron’s NYSE: AAN). Aaron’s $1 million sponsorship of BGCA will support Keystone, ... 
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05/02/14"Aaron's Dream Weekend" At Talladega Superspeedway Brings NASCAR Excitement To Alabama
Action-packed Weekend to Feature Celebrity Guests, Community Education, Fan Entertainment and Military Tribute ATLANTA, May 2, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the nation's leading lease-to-own retailer of residential furniture, consumer electronics, and home appliances, returns to Alabama this weekend for the 13th consecutive "Aarons Dream Weekend" at Talladega Superspeedway from May 2 – 4. In addition to sponsoring both the Aaron's 312 Nationwide Series race and the Aaron's... 
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04/30/14Aaron's, Inc. Responds to Misleading and Inaccurate Letter Published by Vintage Capital Management
ATLANTA, April 30, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that the Chairman of its Board of Directors, Ray Robinson, has sent a letter to Brian R. Kahn, Managing Member of Vintage Capital Management LLC ("Vintage"), in response to the misleading and inaccurate letter published by Vintage on April 29, 2014.  Following is the full text of the letter: ... 
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04/25/14Aaron's, Inc. Reports First Quarter Results
ATLANTA, April 25, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a  leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for the three months ended March 31, 2014. For the first quarter of 2014, revenues decreased 1% to $585.4 million compared to $593.0 million for the first quarter in 2013.  Net earnings were $38.3 million versus $51.0 million last year. Diluted... 
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04/21/14Aaron's, Inc. Ends Litigation Against Vintage Capital Management Following Vintage's Withdrawal of its Unsolicited Proposal
ATLANTA, April 21, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced since Vintage Capital Management ("Vintage") has withdrawn its unsolicited proposal to acquire the Company, Aaron's has withdrawn its litigation seeking to compel Vintage to comply with required disclosures under federal securities laws to ensure the Company's shareholders had correct information abo... 
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04/16/14Aaron's, Inc. Receives Strong Support From Franchisees
ATLANTA, April 16, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has received strong support from its franchisees in connection with the Company's acquisition of Progressive Finance Holdings, LLC ("Progressive"), and Aaron's new strategic plan. In connection with these announcements, Aaron's held a conference call and meetings with its franchisees wh... 
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04/15/14Aaron's, Inc. Reduces 2014 First Quarter Revenue and Earnings Guidance
ATLANTA, April 15, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), the  leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced it is reducing the Company's 2014 first quarter revenue and earnings guidance. "Like many retail companies, we continue to be adversely affected by the current macroeconomic environment, and many of our stores were negatively impacted by abnormal weather conditions during the quarter," said Ro... 
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04/15/14Aaron's, Inc. Issues Open Letter to Shareholders
Transformative Acquisition of Progressive Will Create Lease-to-Own Leader Transaction Will Be Double-Digit Accretive to Cash EPS in 2014 and Significantly More Accretive in 2015 Outlines Plan to Deliver Top-Line Growth, Operating Margin Expansion and Increased Cash Flow from the Core Aaron's Business Board Unanimously Determines to Reject Vintage Capital Unsolicited Proposal as Inadequate and Illusory Names Ray Robinson Chairman of the Board and Adopts Substantial Corporate Governanc... 
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04/15/14Aaron's, Inc. Acquires Progressive Finance Holdings, LLC, A Leading Virtual Lease-To-Own Company
Provides Important Expansion into Virtual Rent-to-Own Market Accelerates Revenue and Earnings Growth by Providing Complementary Strategic Channel and Enhancing Aaron's Customer Payment Capabilities John Robinson, CEO of Progressive, to Join Aaron's as EVP of Aaron's and CEO of Progressive Transaction Will Be Double-Digit Accretive to Cash EPS in 2014 and Significantly More Accretive in 2015 ATLANTA and DRAPER, Utah, April 15, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE... 
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04/09/14Aaron's, Inc. Announces First Quarter 2014 Earnings Call and Webcast
ATLANTA, April 9, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced it will host a conference call on Friday, April 25, 2014, at 10:00 am Eastern Time to discuss its first quarter 2014 financial results.  The public is invited to listen to the conference call by webcast accessible through the Company's website, www.aaronsinc.com, in the ... 
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04/01/14Aaron's, Inc. Provides Update To Shareholders
ATLANTA, April 1, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, today issued the following statement: As previously announced, the Aaron's Board of Directors has formed a Transaction Committee consisting of outside independent directors to undertake a broad review of opportunities to enhance long-term value for all of Aaron's shareholders, in... 
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03/24/14Aaron's Gives Back to Orlando Community with Day of Outreach
ATLANTA, March 24, 2014 /PRNewswire/ -- More than 2,000 managers from Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, will give back to the community on Monday, March 24, as a day of service to hundreds of Orlando-area families. For the sixth year in a row, more than 2,000 Aaron's associates will transform its annual national managers meeting into a city-wide giv... 
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03/07/14Aaron's, Inc. Provides Update On Transaction Committee's Evaluation Of Opportunities To Enhance Shareholder Value
ATLANTA, March 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today provided an update on the evaluation underway by the Transaction Committee of Aaron's Board of Directors. As previously announced on February 21, 2014, the Aaron's Board has formed a Transaction Committee consisting of independent outside directors, with the assistance of its p... 
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03/07/14Aaron's, Inc. Confirms Receipt Of Director Nominations
No Shareholder Action Required at this Time ATLANTA, March 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today confirmed that Vintage Capital Management, LLC ("Vintage") and Starboard Value LP ("Starboard") have each submitted to the Company notices of nomination of five candidates and four candidates, respectively, for election to the Aaron... 
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02/28/14Aaron's, Inc. Names Michael P. Ryan VP Of Franchising; Henri Rogers Succeeds Ryan As Divisional VP Of Northern Operations
ATLANTA, Feb. 28, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, announced today that Michael P. Ryan has been named Vice President of Franchising.  Todd Evans, current Vice President of Franchising, will be leaving Aaron's to pursue other opportunities.  Henri Rogers, Senior Regional Manager for Aaron's Three Rivers region, will succeed Michael ... 
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02/21/14Aaron's, Inc. Provides Shareholder Update
ATLANTA, Feb. 21, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today provided a shareholder update with respect to the publicly filed letter to the Aaron's Board of Directors from Mr. Brian Kahn, the Managing Member of Vintage Capital Management, LLC ("Vintage"). The Company notes that Mr. Kahn, a former franchisee of Aaron's, and Vintage, which... 
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02/19/14Aaron's, Inc. Directors Declare Dividend
ATLANTA, Feb. 19, 2014 /PRNewswire/ -- The Board of Directors of Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics and home appliances and accessories, has declared a quarterly cash dividend.  The dividend declared is $.021 per share on Common Stock, payable April 1, 2014 to shareholders of record as of the close of business on March 4, 2014. Aaron's, Inc., based in Atlanta, currently has more than 2,11... 
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02/07/14Aaron's, Inc. Reports Fourth Quarter and Year End Results
-- Total Revenues Down 2% for Quarter; Up 1% for Year -- GAAP Diluted EPS of $.30 for Quarter; $1.58 for Year -- Non-GAAP Diluted EPS of $.30 for Quarter; $1.86 for Year ATLANTA, Feb. 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for the three and twelve months ended December 31, 2013. "As we pre... 
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02/07/14Aaron's, Inc. Statement on Vintage Capital Management Unsolicited Offer
ATLANTA, Feb. 7, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced that the Aaron's Board of Directors has been informed of an unsolicited offer to acquire the Company.  The Board of Directors will evaluate the offer in line with its fiduciary duties.  The Company is not currently in discussions with any party regarding any offer to acqu... 
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01/20/14Aaron's Announces Sale of RIMCO Stores
ATLANTA, Jan. 20, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN) announced today the sale of all of the assets of its RIMCO operations to Rent-A-Wheel /Rent-A-Tire.  RIMCO and Rent-A-Wheel/Rent-A-Tire stores offer consumers the sales and lease ownership of automobile tires, wheels, and rims. (Logo: http://photos.prnewswire.com/prnh/20130826/CL69318LOGO ) "We feel that the sale of RIMCO will be positive for both Aaron's and Rent-A-Wheel /Rent-A-Tire," said Ronald W. Allen, Chairman, Preside... 
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01/13/14Aaron's, Inc. Reduces 2013 Fourth Quarter Revenue and Earnings Guidance; Gives Initial Outlook for 2014
ATLANTA, Jan. 13, 2014 /PRNewswire/ -- Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, today announced it is reducing its 2013 fourth quarter revenue and earnings guidance as well as providing an initial financial outlook for 2014. "Revenue and customer growth continue to be less than previous expectations, with the result that earnings will be lower in the fourth qua... 
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