Aaron's Announces Opening of New BrandsMart U.S.A. Store in Kennesaw, Georgia

Rhea-AI Summary

The Aaron's Company (NYSE: AAN) has announced the grand opening of a new BrandsMart U.S.A. store in Kennesaw, Georgia, on July 20th. This 35,000-square-foot store is the fourth Georgia location and the second new BrandsMart store to open since Aaron's acquired BrandsMart in 2022. Located near Kennesaw State University, the store will employ approximately 80 new team members and feature a refreshed brand image and streamlined layout.

BrandsMart U.S.A. now has 12 stores across Georgia and Florida. As part of its community engagement, BrandsMart is donating 50 new laptop computers to KSU's CARE Services program, supporting students experiencing homelessness or food insecurity. The grand opening will begin with a ribbon-cutting ceremony at 9:40 a.m., followed by the store opening at 10:00 a.m.

Positive

• Expansion of BrandsMart U.S.A. with a new store opening in Kennesaw, Georgia
• Creation of approximately 80 new jobs in the local community
• Increased presence in Georgia market, now with 4 stores in the state
• Total of 12 BrandsMart U.S.A. stores across Georgia and Florida
• Implementation of refreshed brand image and streamlined store layout

Negative

• None.

Fourth Georgia store will be second new BrandsMart location to open since The Aaron's Company acquired BrandsMart U.S.A. in 2022 

ATLANTA, July 17, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods, today announced the grand opening of a new BrandsMart U.S.A. store in Kennesaw, Georgia, on Saturday, July 20^th.

The 35,000-square-foot store – located on Barrett Parkway near Kennesaw State University – is the second BrandsMart U.S.A. store to open in Georgia since The Aaron's Company acquired BrandsMart in 2022. The new store will feature BrandsMart's refreshed brand image and streamlined new store layout. The store will employee approximately 80 new team members.

BrandsMart U.S.A. will now have 12 stores in Georgia and Florida. The four Georgia locations are in the greater Atlanta area and Augusta, while the eight Florida stores are in the greater Fort Lauderdale and Miami areas. 

"We are thrilled to bring BrandsMart to the vibrant community of Kennesaw," said President Steve Olsen. "Our new store will provide customers with an unparalleled shopping experience, featuring a wide selection of top-quality products at unbeatable prices, knowledgeable staff, and exceptional customer service."

In the company's tradition of giving back to the communities it proudly serves, BrandsMart is donating 50 new laptop computers to KSU's Campus Awareness, Resource & Empowerment (CARE) Services program which provides access to food, temporary housing, and other supportive services for students experiencing homelessness or food insecurity and students aging out of foster care.   

The grand opening festivities will begin with a ribbon-cutting ceremony at 9:40 a.m. on Saturday, July 20^th, followed by the store opening at 10:00 a.m. 

For more information on BrandsMart U.S.A. and the new Kennesaw location, please visit BrandsMartUSA.com.

About The Aaron's Company, Inc.
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,210 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with 12 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. For more information, visit investor.aarons.com, aarons.com, and brandsmartusa.com.

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SOURCE The Aaron's Company, Inc.

FAQ

When is the new BrandsMart U.S.A. store opening in Kennesaw, Georgia for AAN stock?

The new BrandsMart U.S.A. store in Kennesaw, Georgia, is scheduled to open on Saturday, July 20th, 2024.

How many new jobs will the Kennesaw BrandsMart U.S.A. store create for AAN?

The new BrandsMart U.S.A. store in Kennesaw, Georgia, will employ approximately 80 new team members.

How many BrandsMart U.S.A. stores does The Aaron's Company (AAN) now have in Georgia?

With the opening of the Kennesaw store, The Aaron's Company now has 4 BrandsMart U.S.A. stores in Georgia.

What community initiative is BrandsMart U.S.A. undertaking for the Kennesaw store opening (AAN stock)?

BrandsMart U.S.A. is donating 50 new laptop computers to Kennesaw State University's CARE Services program, supporting students experiencing homelessness or food insecurity.