ATLANTA, May 5, 2011 /PRNewswire via COMTEX/ --
The Board of Directors of Aaron's, Inc. (NYSE: AAN), the nation's leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics and home appliances and accessories, today announced that the Company's share repurchase authorization has been increased to 10,000,000 shares.
The directors approved and authorized the repurchase of an additional 5,955,204 of common shares over the existing authorized repurchase amount of 4,044,796 shares, bringing to 10,000,000 the total number of Aaron's common shares currently authorized for repurchase. The Company expects to continue to repurchase shares from time to time depending on market conditions.
Aaron's, Inc., based in Atlanta, currently has more than 1,835 Company-operated and franchised stores in 48 states and Canada. The Company also manufactures furniture and bedding at 13 facilities in eight states.
SOURCE Aaron's, Inc.