ATLANTA, Jan. 15, 2016 /PRNewswire/ -- Aaron's, Inc.
(NYSE: AAN), a leader in sales and lease ownership and specialty
retailing of furniture, consumer electronics, home appliances and
accessories, today announced that its Progressive Leasing business
is currently testing Progressive's virtual lease-to-own solution
with Wal-Mart Stores, Inc. The test is limited to
approximately 100 stores.
"Progressive offers an industry leading virtual lease-to-own
solution that provides a great deal for customers," said
Ryan Woodley, Chief Executive
Officer of Progressive Leasing. "We've invested heavily in
innovation to make this process as easy as possible for our
customers and will continue to do so."
About Aaron's, Inc.
Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease
ownership and specialty retailing of furniture, consumer
electronics, home appliances and accessories, has more than 2,000
Company-operated and franchised stores in 47 states, the
District of Columbia,
and Canada. Aaron's was founded in 1955, is
headquartered in Atlanta, and has been publicly traded
since 1982. Progressive Leasing, a leading virtual
lease-to-own company, provides lease-purchase solutions through
more than 16,000 retail locations in 46 states. Aaron's,
Inc. includes the Aarons.com, ShopHomeSmart.com, and
ProgLeasing.com brands. For more information,
visit www.aarons.com.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this news release
regarding Aaron's, Inc.'s business that are not historical facts
are "forward-looking statements" that involve risks and
uncertainties which could cause actual results to differ materially
from those contained in the forward-looking statements. Such
forward-looking statements generally can be identified by the use
of forward-looking terminology, such as "may," "expect,"
"forecast," "guidance," "intend," "believe," "could," "project,"
"estimate," "anticipate," "should" and similar terminology. These
risks and uncertainties include factors such as changes in general
economic conditions, competition, pricing, legal and regulatory
proceedings, customer privacy, information security, customer
demand, the integration of the Progressive acquisition, the
execution and results of our new strategy, risks related to
Progressive's "virtual" lease-to-own business with which the
Company may be unfamiliar, and the other risks and uncertainties
discussed under "Risk Factors" in the Company's Annual Report on
Form 10-K for the fiscal year ended December
31, 2014 as updated in its Quarterly Report on Form 10-Q for
the fiscal quarter ended September 30,
2015. Statements in this press release that are
"forward-looking" include our statements regarding the test
currently being conducted by Progressive in certain Wal-Mart
stores, which may or may not result in a larger program or expanded
rollout. You are cautioned not to place undue reliance on
this or any other forward -looking statements contained in this
press release, which speak only as of the date of this release.
Except as required by law, the Company undertakes no obligation to
update any such forward-looking statements to reflect subsequent
events or circumstances after the date of this press
release.
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SOURCE Aaron's, Inc.