Appliance Recycling Centers of America Inc. ARCI, Trading Down 8.00% in After Hours Report
Appliance Recycling Centers of America Inc. ARCI
Appliance Recycling Centers of America, Inc. announced that it has signed an agreement to sell and lease back its Minneapolis corporate office building. The sale of the building is contingent on the purchaser obtaining necessary financing.
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Appliance Recycling Centers of America, Inc. and its subsidiaries sell household appliances through a chain of company-owned factory outlet stores under the name ApplianceSmart in the United States and Canada. Its stores offer special-buy appliances, including manufacturer closeouts, factory overruns, floor samples, returned or exchanged items, open-carton items, and scratch and dent appliances. As of April 29, 2009, the company operated 20 factory outlets, including 7 in the Minneapolis/St. Paul market; 4 in Columbus, Ohio; 6 in the Atlanta market; and 3 in San Antonio, Texas.
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