Aaron's, Inc. (the "Company") (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that it intends to separate into … Some restrictions apply. Automated decision requires Social Security Number. Delivery may be delayed if Aaron's cannot confirm customer's information or cannot reach customer to arrange delivery. Stores do not After four years of norm-shattering rule, Donald Trump appears close to doing the one thing observers have long predicted but that has not yet come to pass: splitting the Republican party. Approval is not guaranteed. The idea isn’t exactly new. Our mission is to provide simple and affordable purchase options for credit challenged consumers. Progressive Leasing. agreements with monthly payment of $179.99 or less. The separation is planned to be a tax-free spin-off for current shareholders and is expected to be completed by the end of 2020. "The agreement to acquire The HELPcard®, coupled with the Approve.Me rollout, continues our path to drive innovation to serve more customers and generate more revenue for our retail partners. The company will be split into Progressive Leasing and Aaron’s Business. Approval is not guaranteed. No rain checks on special promotional offers. Set-up does not include connection of gas or water. The public is invited to listen to the conference call by webcast accessible through the Company's Investor Relations website, investor.aarons.com, in the "Investor Relations" section. stores within a 25 mile radius of Aaron's store requested to price match. within 90 days, you will pay the cash price, plus tax and applicable fees (if any). WASHINGTON — Bankers should brace for stricter congressional scrutiny, tax increases and more progressive regulators now that Democrats have gained control of the Senate, according to industry analysts. Stores do not install AC units or video/camera doorbells. The city proper covers 25 square miles (65 km 2) with a population of 68,318 in 2010, making it the 14th most populous municipality in Massachusetts. Atlanta-based rental giant Aaron's Inc. announced Wednesdayit intends to split into two, separate public companies, Progressive Leasing and Aaron’s … Aaron's was founded in 1955, is headquartered in Atlanta, and has been publicly traded since 1982. promo code to get started. prices, clearance, or out-of-stock and open box items. based on delivery address and assigned store. Same day delivery not available on Sundays. Approximately half of the increase in operating expenses relates to increases in write-offs evenly split between Progressive and the Aaron's business. 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. says it has acquired Progressive Finance Holdings, LLC, a merchandise lease-to-own company, from Summit Partners, in an all-cash transaction valued at approximately $700 million. Furthermore, changes in general economic conditions, competition and pricing as well as risks related to the continued integration of our acquisition of Progressive and the execution and results of our new strategy (which are discussed in greater detail under "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 as well as our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2015) could also cause actual results to differ materially from those contained in the forward-looking statements included in this press release. The transaction is expected to be completed by 2020-end. Aaron's, Inc. is a lease-to-own retailer. Normal monthly payments depend on merchandise selected. It creates a much easier application process for consumers, enabling them to apply for several options as quickly as possible.". Same as Cash period varies by location. The programs have simple terms that are competitive with prime credit programs. †LOW PRICE GUARANTEE applies in-store only to identical merchandise (for example, brand, Approval is valid only at the assigned store DAMI. document.write(new Date().getFullYear()) Aaron's, LLC. 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Freshman Missouri Rep. Cori Bush on Sunday tweeted a photo of the high-profile group of progressive Democratic lawmakers, now joined by two new members. Attention: NSC, 400 Galleria Pkwy Driven by idealism and a passion for public service, students like Aaron Michael Lumnah '14, Mizuho Komatani '16, and Caroline McHeffey '13 are giving spring break a whole new meaning. agreement, rent to own agreement, lease agreement with an option to purchase, or lease where applicable. Joe Kennedy is a progressive … install AC units or video/camera doorbells. If you have any questions, please contact Aaron’s by writing Aaron’s, Inc. Approve.Me is compatible with most primary or secondary providers and is designed to give retailers a faster and more efficient way to service customers seeking to finance transactions or secure a lease option. Aaron's, Inc. Progressive, a leading virtual lease-to-own company, provides lease-purchase solutions through more than 16,000 retail locations in 46 states. The transaction is expected to close within 45 days and not be significant to Aaron's earnings in 2015. Lawn mowers and lawn tractors are Progressive will evaluate the product to determine the proper course of action. If automated Other restrictions apply. Privacy Policy regarding I would like to receive information about special offers and promotions from Aaron’s. Please turn it on so that you can experience the full capabilities of this site. Love virtual reality? Road Warrior For Javier Kinney JD ’04, self-governance director for California’s largest Indian tribe, the path to sovereignty is paved with asphalt. Set-up does not include connection of gas or water. Logo - http://photos.prnewswire.com/prnh/20130826/CL69318LOGO, Cision Distribution 888-776-0942 "The HELPcard® and Approve.Me have significant strategic benefits for our business," said John Robinson, Chief Executive Officer of Aaron's, Inc. "Our retail partners have been asking us for an integrated solution to serve customers who are between Progressive's lease offering and major banks' prime credit products. ATLANTA, Sept. 22, 2015 /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 two products to leverage Progressive's best-in-class point-of-sale presence. Online coupon codes and exclusive online offers apply only to Delivery may be delayed if Aaron's cannot confirm customer's information or cannot reach customer to arrange delivery. Aaron’s is planning a spin-off of its third-party leasing business, Progressive Leasing, which has surpassed the traditional brick-and-mortar business in growth and quality. reason, customer must make alternative payment arrangements for on-time payment. *Offer is not a discount. The company will be split into Progressive Leasing and Aaron’s Business. The platform combines multiple credit and leasing providers into one application using a single integration. The next day, Kennedy countered with a video from Rep. Mark Pocan, co-chair of the Progressive Caucus, who called Kennedy "a leading progressive voice in Congress." See store for additional details. *Transaction advertised is for a rental purchase agreement, lease purchase agreement, consumer rental purchase 1-800-950-7368. ", "The HELPcard® has a long history and strong track record and enables Progressive to offer financing solutions for customers with near-prime credit scores," continued Mr. Robinson. excluded from Lifetime Reinstatement benefit. without charge to new residence within 15 miles of store where merchandise was leased. Supply Chains Act, Investor Your browser's Javascript functionality is turned off. for details. With approximately $92 million in gross receivables as of August 31, 2015, The HELPcard® currently serves more than 700 merchant partners in over 1,400 locations. Aaron's, Inc. (NYSE: AAN) stock research, profile, news, analyst ratings, key statistics, fundamentals, stock price, charts, earnings, guidance and peers on Benzinga. You're never too old to play! Consolidated Total. Local competitor's advertisement or price ticket for such identical merchandise. You need to contact Progressive Leasing customer service at 1-877-898-1970. MA & RI EPO = total cash price less 40% Some restrictions apply. In addition, there is the risk that we may not be able to successfully expand The HELPcard® as we currently anticipate and/or that our Approve.Me proprietary platform is not widely accepted by our retail partners. history or creditworthiness. New Jewish Progressive Firm Launches After Split. Net Earnings $ 292,536 : Income Tax Benefit 1 (52,959) Earnings (Loss) Before Income Taxes (EBT) 140,224 : 110,642 of lease portion of total initial payment and renewal payments made. © These risks and uncertainties include such factors as our ability to promptly consummate the acquisition of Dent-A-Med and, thereby, execute on our strategy of offering The HELPcard® in order to gain an entry point into the "second look" sales financing market. Aaron's may exclude merchandise from Express Delivery (where available) due to local merchandise restrictions at our discretion. Service, Cal. Approximately half of the increase in operating expenses relates to increases in write-offs evenly split between Progressive and the Aaron's business. Set-up services not available at some stores currently due to COVID-19 I would like to receive information about special offers and promotions from Aaron’s. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. Aaron’s provides a rental purchase agreement, lease purchase agreement, consumer rental purchase agreement, rent to own agreement, lease agreement with an option to purchase, or lease as applicable by state. Aaron's may exclude merchandise from Express Delivery (where available) due to local merchandise restrictions at our discretion. The HELPcard® will in turn benefit from Progressive's proprietary technology, infrastructure, and financial capacity. Low Price Guarantee does not Merchandise advertised is new, unless marked pre-leased. Add a virtual reality set to your game console for an even more realistic gaming experience. Forward-Looking statements, which speak only as of the increase in operating expenses relates to increases in write-offs split! In agreement relates to increases in write-offs evenly split between Progressive and the Aaron 's earnings in 2015 of... 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