Core Insights - The Aaron's Company, Inc. has opened a new BrandsMart U.S.A. store in Kennesaw, GA, enhancing its market presence and e-commerce capabilities [1][2] - The company anticipates improved demand at BrandsMart in the second half of 2024, with projected revenues between $610 million and $650 million [3] - Aaron's shares have increased by 35.5% over the past three months, significantly outperforming the industry growth of 7.5% [3] Store Expansion - The new BrandsMart store spans 35,000 square feet and is the second outlet in Georgia since the acquisition of BrandsMart in 2022 [2] - BrandsMart U.S.A. now operates 12 stores across Georgia and Florida, with the Georgia locations primarily in the greater Atlanta area [2] - The new store will create approximately 80 jobs and features a refined image and streamlined layout [2] Growth Strategies - The company is focusing on digital marketing, improved shopping experiences, and express delivery options to enhance customer engagement [4] - Significant growth in business-to-business sales was observed in the first quarter, which is expected to continue [4] - The market optimization strategy, including GenNext stores, has contributed over 33% of lease revenues and retail sales [5] Financial Performance - For 2024, adjusted EBITDA for BrandsMart is forecasted to be between $7 million and $12 million [3] - The company is committed to expanding its e-commerce channel and improving in-store experiences through product assortment rationalization [3][5]

Core Points - The Aaron's Company announced the grand opening of a new BrandsMart U.S.A. store in Kennesaw, Georgia, on July 20, 2024, marking the second new store since the acquisition of BrandsMart in 2022 [1][2] - The new store spans 35,000 square feet and will employ approximately 80 new team members, featuring a refreshed brand image and streamlined layout [1][2] - BrandsMart U.S.A. now operates a total of 12 stores across Georgia and Florida, with four locations in Georgia and eight in Florida [2] Community Engagement - In line with its community support tradition, BrandsMart is donating 50 new laptop computers to Kennesaw State University's CARE Services program, which assists students facing homelessness or food insecurity [2] Store Opening Details - The grand opening will include a ribbon-cutting ceremony at 9:40 a.m. followed by the store opening at 10:00 a.m. on July 20, 2024 [3] Company Overview - The Aaron's Company is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, operating approximately 1,210 stores across 47 states and Canada [4] - BrandsMart U.S.A. is recognized as one of the leading appliance retailers in the U.S., with a strong presence in Florida and Georgia [4]

Core Points - The Aaron's Company, Inc. will release its second quarter 2024 results on August 5, 2024, after market close [1] - The Company has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC, and will not host an earnings conference call for the quarter [1] Company Overview - The Aaron's Company, Inc. is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods [2] - The Company operates approximately 1,210 stores across 47 states and Canada, along with an e-commerce platform [2] - Brands under The Aaron's Company include Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven, with BrandsMart U.S.A. being a leading appliance retailer in Florida and Georgia [2]

Group 1 - Halper Sadeh LLC is investigating The Aaron's Company, Inc. regarding its sale to IQVentures Holdings, LLC for $10.10 per share in cash, focusing on potential violations of federal securities laws and breaches of fiduciary duties to shareholders [1] - Reneo Pharmaceuticals, Inc. is under investigation for its merger with OnKure, Inc., where pre-merger Reneo shareholders are expected to own approximately 31% of the combined company [1] - The firm may seek increased consideration for shareholders, additional disclosures, and other relief and benefits on behalf of shareholders [2] Group 2 - Halper Sadeh LLC operates on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket legal fees or expenses [2] - The firm represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions of dollars for defrauded investors [2]

The Aaron's Company, Inc. (AAN) looks good on the back of its business strategic initiatives. The company has been seeing strength in its e-commerce platform, buoyed by flexible payment options, low prices and a wider variety of products. It remains on track with its market optimization strategy, including the GenNext stores and hub. The GenNext stores contributed more than 33% of  lease revenues and retail sales at the end of the last reported quarter.We note that shares of this major omnichannel provider ...

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating The Aaron’s Company, Inc. (NYSE: AAN), relating to its proposed merger with IQVentures Holdings, LLC. Under the terms of the agreement, The Aaron’s Company shareholders will receive $10.1 ...

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Silk Road Medical, Inc. has agreed to merg ...

Aaron's Company, Inc. (AAN) shares soared 33.4% in the last trading session to close at $10.06. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.7% loss over the past four weeks.The Aaron’s stock moved higher after it signed an agreement to get acquired by IQVentures Holdings, LLC for $10.10 per share in cash, summing up to a total enterprise value of $504 million. The companies expect to close the transaction by the end of 2024 ...

The Aaron's Company, Inc. (AAN) has signed a deal with IQVentures Holdings, LLC, a well-known fintech organization, to be acquired by the latter. The companies expect to close the transaction by the end of 2024, after receiving unanimous consent from Aaron’s board and satisfying other closing conditions.After the completion of the sale transaction, AAN will continue to operate under its current brand name and retain its headquarters in Atlanta, GA. Post the sale, Aaron’s will be a privately-held company and ...

NEW YORK, June 17, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by The Aaron's Company, Inc. (NYSE: AAN) and its board of directors concerning the proposed acquisition of the company by IQVentures Holdings, LLC. Stockholders will receive $10.10 for each share of The Aaron's Company stock that they hold. The transaction is valued at approximately $504 million and is expected to close by the end of 2024.If you are a stockholder of The Aaron's Company, Inc. and are ...