Aaron’s Announces Hurricane Relief Updates
Aaron’s Inc. is reporting that a number of its businesses in the path of Hurricane Irma’s destruction have experienced significant interruptions or are temporarily closed. The company’s Progressive Leasing has been affected by the closures and interruptions of their retail partners, while 111 of Aaron’s retail stores located in Florida, Georgia, and South Carolina have closed. Due to the extensive damages caused by Irma and Harvey, Aaron’s currently is unable to determine when operations will return to normal, but it expects to be in a better position to assess the financial impact of the storm in the coming weeks and will provide an update during its third quarter earnings call.
“While many of our markets thankfully avoided the full brunt of Irma, the massive storm did disrupt our operations in several important southeastern states,” says John Robinson, CEO of Aaron’s. “We are continuing to closely monitor the situation as our stores and retail partners get back to normal operations. Our thoughts and prayers remain with the victims of the recent storms in Florida and Texas.”