Rochester, NY 6/23/2009 4:14:31 AM
After Hours Report - AAN - Robin Loudermilk Promoted to Head Position at Aaron Rents - Sourced WhisperFromWallStreet.com
Aarons, Inc.
After Hours Report - AAN - Robin Loudermilk Promoted to Head Position at Aaron Rents - Sourced WhisperFromWallStreet.com
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AARON'S, INC SC,AAN
Robin Loudermilk gave his dad, Charlie, framed photos of the grandkids for Father's Day. The next day, father gave son a much bigger gift - the top job at their family-run company, Aaron Rents. Robin was promoted Monday to president and CEO of the publicly traded, rent-to-own retailer. "I gave him the title," said Charlie, 80, who founded the company 53 years ago and will remain chairman. At age 49, Robin is taking the reins of the homegrown company with 1,565 stores in 48 states and Canada. Aaron's leases-to-own residential and office furniture, consumer electronics and major appliances. It also franchises the concept. Sales in 2007 were $1.49 billion, besting 2006 sales by 12 percent.
About
Aarons, Inc. operates as a specialty retailer of consumer electronics, computers, residential and office furniture, household appliances, and accessories in the United States and Canada. It engages in the lease ownership, rental, and retail sale of widescreen, LCD televisions, and computers; upholstered living-room furniture, including sofas, sofa beds, and chairs and modular sofas; bedroom furniture, such as bedding, mattresses, and box springs; dining room furniture; washers, dryers, refrigerators, and lawn tractors; and office furniture, which include desks, credenzas, conference tables, bookcases, and chairs.
Last Trade: 30.85
Day's Range: 30.27 - 31.00
52wk Range: 15.11 - 35.21
Volume: 776,627
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