Tag Archives: Aaron’s

Aaron’s Net Falls 56 Percent in Q3

Aaron's

ATLANTA-Declining margins and rising costs, offsetting a major gain in revenues, drove a 56 percent drop in Aaron’s (NYSE: AAN) third-quarter net income, to $9.3 million. Operating expenses in the quarter, which ended on Sept. 30, jumped 28.7 percent in dollars, although as a percentage of revenues expenses were down 109 basis points to 47.3More »

Last updated: October 24, 2014

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Aaron’s Names Danielson Interim CEO

Gilbert Danielson

ATLANTA-Gilbert Danielson, Aaron’s executive vice president and chief financial officer, has been named interim CEO of the rent-to-own retailer, effective after the retirement of current CEO Ron Allen on Aug. 31. Danielson has been chief financial officer of Aaron’s since 1990, and executive vice president since 1998. He has also been a director of Aaron’sMore »

Last updated: August 22, 2014

Aaron’s Allen to Retire

Ron Allen

ATLANTA-Ron Allen, CEO of Aaron’s, will retire on Aug. 31. On that date, the 72-year-old Allen will also leave his post on the retailer’s board of directors. The board has retained Spencer Stuart, an executive recruiting firm, to assist in the search for Allen’s successor. According to an Aaron’s statement, “The search process will includeMore »

Last updated: August 6, 2014

Aaron’s Picks MasterCard’s Lockhart for Board

Aaron's

ATLANTA-Gene Lockhart, former president and CEO of MasterCard Worldwide, has been selected to serve on the board of directors of rent-to-own retailer Aaron’s. Lockhart’s appointment to the board goes into effect today. Board member John Schuerholz, president of the Atlanta Braves, is retiring from the board after eight years of service. During his tenure withMore »

Last updated: August 1, 2014

Aaron’s Q2 Net Drops 67.1 Percent; COO Buck to Retire

Aaron's

ATLANTA-Huge gains in expenses and in depreciation of lease merchandise offset a strong revenue gain to send Aaron’s second-quarter net income plummeting 67.1 percent, to $8.5 million. Along with releasing its earnings, the lease-to-own retailer issued a separate statement saying that Dave Buck, its chief operating officer, will retire from the company. Buck served forMore »

Last updated: July 25, 2014

Aaron’s Lowers Expectations for Q2

Aaron's

ATLANTA-Aaron’s said it is expecting second-quarter revenues to total about $672 million, less than its previous projection of $675 million, and reaffirmed its previously announced plan to close underperforming stores and slim down costs throughout its organization. The retailer said it had reduced its revenue expectations for the quarter, and underscored its cost-cutting initiatives, dueMore »

Last updated: July 15, 2014

Aaron’s Promotes Lawrence, Names Salgado in Exec Moves

Sharon Lawrence

ATLANTA-Aaron’s has promoted Sharon Lawrence to vice president of finance and has named Kirby Salgado vice president of merchandising. In her new role, Lawrence oversees the retailer’s finance team. She has succeeded Steve Michaels, who was promoted to vice president of strategic business development last November, prior to his appointment as Aaron’s president, which wasMore »

Last updated: May 27, 2014