ATLANTA, Sept. 21, 2017 /PRNewswire/ -- Aaron's, Inc.
(NYSE: AAN), a leading omnichannel provider of lease-purchase
solutions, today announced plans to continue to assist the ongoing
recovery efforts related to Hurricanes Irma and Harvey.
"Our thoughts and prayers remain with the victims of the recent
storms in Florida and Texas, and we're working hard to help the
customers, associates and communities we serve in the affected
areas through this difficult period," said John Robinson, Chief Executive Officer, Aaron's,
Inc.
"While many of our markets thankfully avoided the full brunt of
Irma, the massive storm did disrupt our operations in several
important southeastern states – so we are continuing to closely
monitor the situation as our stores and retail partners get back to
normal operations," concluded Mr. Robinson.
As it relates to Hurricane Irma specifically, 111 Aaron's stores
in Florida, Georgia, and South
Carolina were forced to close in preparation for and during
the immediate aftermath of the storm, with all but one store in
Florida having since reopened. In
addition, a number of Progressive Leasing's retail partners in the
state have experienced business interruptions. In light of the
extensive damage in the areas impacted by Hurricane Irma and
Harvey, it is difficult to predict when the Company's operations
will return to normalized levels in the affected markets. The
Company maintains insurance coverage for windstorm, property and
flood damage and business interruption, although it is difficult to
predict the amount or timing of any insurance recoveries.
The Company expects to be in a better position to assess the
financial impact of the storms over the coming weeks and will
provide an update on its third quarter earnings call.
About Aaron's, Inc.
Headquartered in Atlanta,
Aaron's, Inc. (NYSE: AAN), is a leading omnichannel provider of
lease-purchase solutions. The Aaron's Business engages in the sales
and lease ownership and specialty retailing of furniture, consumer
electronics, home appliances and accessories through its more than
1,770 Company-operated and franchised stores in 47 states and
Canada, as well as its e-commerce
platform, Aarons.com. In addition, Progressive Leasing, a
virtual lease-to-own company, provides lease-purchase solutions
through approximately 24,000 retail locations in 46 states.
Dent-A-Med, Inc., d/b/a the HELPcard®, provides a variety of
second-look credit products that are originated through federally
insured banks. For more information, visit investor.aarons.com,
Aarons.com, ProgLeasing.com, and HELPcard.com.
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SOURCE Aaron's, Inc.