Aaron's Renews Partnership With Boys & Girls Clubs Of America

Rhea-AI Summary

The Aaron's Company (NYSE: AAN) has renewed its partnership with Boys & Girls Clubs of America for 20 months with an $800,000 commitment, totaling $10 million since 2015. This partnership aims to support teen recruitment and retention while implementing a Teen Mental Health First Aid program. The renewal includes five additional teen center makeovers through 2023, highlighting Aaron's ongoing commitment to community support. The company has already completed 48 makeovers, enhancing environments for youth in various cities across the U.S.

Positive

• Renewed partnership with Boys & Girls Clubs of America for 20 months with a commitment of $800,000.
• Total commitment of $10 million since 2015, demonstrating sustained support for community initiatives.
• Implementation of a Teen Mental Health First Aid program to assist high school students.
• Five new teen center makeovers planned through mid-2023, expanding community engagement.

Negative

• None.

ATLANTA, Dec. 6, 2021 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, and the Aaron's Foundation announced the renewal of a national partnership with Boys & Girls Clubs of America (BGCA) that has provided teens across the nation with opportunities to learn, grow and build a great future in a safe environment.

The continued partnership supports Boys & Girls Clubs of America recruitment and retention of teen members and includes the implementation of a Teen Mental Health First Aid program. This new program teaches high school students how to identify, understand and respond to signs of mental illness and substance use disorders among their friends and peers. The partnership was renewed for an additional 20 months with an $800,000 commitment and represents a total of $10 million the Aaron's Foundation has committed to Boys & Girls Clubs of America since 2015.

Over the past six years, Aaron's has delivered 48 BGCA Club makeovers in cities across the U.S. and most recently in Cleveland and Dayton, Ohio. Each makeover comes with $20,000 worth of merchandise installed by local Aaron's associates, along with a surprise reveal for teens who are greeted by new electronics, couches, tables and other furniture and decor in a complete transformation of their center.

"Renewing our partnership with Boys & Girls Clubs of America was important to Aaron's because we can think of no better way to give deserving teens a safe space to respond and recover from the impact of the ongoing pandemic and reach their full potential," said Douglas Lindsay, CEO of The Aaron's Company. "With this new chapter, we will continue to build on a relationship that brings positive change to our young people and our communities."

The renewal means five new teen center makeovers will take place throughout 2022 and through mid-2023. Aaron's also will be a Gold Sponsor of Boys & Girls Clubs of America's National Keystone Conference, held each summer and attended by thousands of teen leaders from across the country.

"At the time of the commencement of our original agreement with Aaron's in 2015, we could not have predicted the far-reaching success of our partnership and its lasting impact on our teens," said Jim Clark, president & CEO of Boys & Girls Clubs of America. "With Aaron's support, our Clubs have been remade, lives have been touched and the future is much brighter for many teens across the nation."

About The Aaron's Company
Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading omnichannel provider of lease-purchase solutions. Aaron's engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com. For more information, visit Aarons.com or investor.aarons.com.  

About Boys & Girls Clubs of America
For 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 4,700 Clubs serve over 4.3 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. National headquarters are located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and Twitter.

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SOURCE The Aaron's Company, Inc.

FAQ

What is the recent partnership announcement involving AAN?

The Aaron's Company renewed its partnership with Boys & Girls Clubs of America for 20 months, committing $800,000.

How much has AAN committed to BGCA since 2015?

Aaron's has committed a total of $10 million to Boys & Girls Clubs of America since 2015.

What new program is being implemented by AAN for teens?

AAN is implementing a Teen Mental Health First Aid program to help high school students identify and respond to mental health issues.

How many BGCA Club makeovers has AAN completed?

Aaron's has completed 48 BGCA Club makeovers across the U.S. over the past six years.

What is the purpose of the renewed partnership between AAN and BGCA?

The partnership aims to support teen recruitment and retention in safe environments, providing opportunities for growth and learning.