Loudermilk and a partner founded Aaron Rents in 1955 after borrowing $500 to purchase folding chairs and renting them for 10 cents a day to auction houses. The Company was renamed Aaron's, Inc. in 2009. Though Aaron's started in Atlanta, it now has more than 2,000 Company-operated and franchised stores in the U.S. and Canada. After officially retiring last month, Loudermilk became Chairman Emeritus of the Company.
About Aaron's, Inc. Aaron's, Inc. (NYSE: AAN), the nation's leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories, has more than 2,000 Company-operated and franchised stores in 48 states and Canada. Founded in 1955 by entrepreneur and Chairman Emeritus R. Charles Loudermilk, Sr. and headquartered in Atlanta, Aaron's has been publicly traded since 1982. For more information, visit www.aarons.com.
SOURCE Aaron's, Inc.