Aarons 2010 Annual Report Download - page 16

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only a visible source of income to be an
Aaron’s customer), an improving economy
increases the number of people who meet
our criteria. Third, a fi rst-time Aaron’s
customer is likely to become a repeat
customer. Our commitment to customer
satisfaction and the fl exibility of our
lease ownership program undergird our
customer loyalty.
It is also important to note that our
corporate balance sheet is strong. As the
economy emerges from a recession, Aaron’s
is fi nancially stronger than ever. We
anticipate that the Company can internally
fund planned growth for the next few
years. We have steadily increased the cash
dividend and repurchased stock. We have
a substantial amount of cash on hand with
no signifi cant debt. The fi nancial strength
of Aaron’s is defi nitely a competitive
advantage.
Aaron’s has been taking care of customers
for more than 55 years. Our business
model has evolved, adjusted and is now
tested and solid. A greater portion than
ever of American households makes for
potential customers. We have a highly
respected brand name and image, a
commitment to customer service and the
fi nancial and human resources to pursue
market opportunities. We look forward
to continued success and growth in the
future.
Locations Within the
United STates and Canada
Store Count as of December 31, 2010
Company Stores — 1,146
Franchised Stores — 664
Aaron’s Office Furniture Stores — 1
HomeSmart Stores — 3
Fulfillment Centers — 17
Woodhaven Furniture Industries — 12
12