Company Snapshot: Aaron’s Inc.
309 E. Paces Ferry Rd, N.E.
Atlanta, Georgia 30305
Total Annual Sales:
R. Charles Loudermilk, Sr.- Chairman Emeritus
Ronald W. Allen- President and Chief Executive Officer
Aaron’s, Inc. was founded in 1955 by R. Charles Loudermilk, Sr., and a partner after they borrowed $500 to purchase three hundred lawn chairs and rented them for ten cents apiece per day to auction houses. ‘Aarons Rents’ has been a phrase associated with the company ever since.
Mr. Loudermilk recently stepped into his current role as Chairman Emeritus after vacating his long held title as Chairman just this year, fifty-five years after he founded company. At about the same time the company opened its 2,000thstore.