Aaron's Furniture profits dropped 55 percent in the third quarter even as revenues increased 32 percent to $707.6 million. Net earnings were $9.3 million versus $21.1 million a year ago.
Aarons Furniture says third quarter 2014 revenues increased 32% to $707.6 million compared to $537.2 million for the same period in 2013. Net earnings were $9.3 million versus $21.1 million a year ago.
A survey by Aaron's Furniture (NYSE: AAN), finds 53% of consumers believe the American Dream is alive, but live in a "new normal" with different expectations. Aaron's is repositioning to attract millennial buyers, and workers.
Furniture manufacturer and rental firm Aaron's, Inc. (NYSE: AAN) filed with the SEC a response to Vintage Capital Management and its managing member Brian Kahn, taking a defensive position against Kahn's $2.3 Billion buyout proposal.
Aaron's, Inc. (NYSE: AAN) updated shareholders with respect to the publicly filed letter to the Aaron's Board of Directors from Mr. Brian Kahn, the Managing Member of Vintage Capital Management, L
The 2014 KBIS and Builders Show reports, videos, slideshows and design trends have been the most viewed wood industry news this week. Masco's launch at the Las Vegas event of Arbor Creek RTA cabinetry was the biggest news in the cabinet industry.
Aaron's, Inc., which manufactures furniture that it rents along with appliances through hundreds of its retail stores, received an unsolicited $2.3 billion buyout offer from Vintage Capital Management. Net income plunged 38% in the fourth quarter.
Aaron's Furniture says it set aside $28 million in the past six months for a legal settlement with the California Attorney General. Net income fell by 26% to $21.1 million for the third quarter despite a 2% rise in sales to $539.5 million.