The Aaron's Company joins wave of retailers going private [Yahoo! Finance]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: Yahoo! Finance
The lease-to-own brand (which you may know better by its former name, Aaron Rents) has been acquired by a fintech company called IQVentures Holdings for $504 million, joining a wave of home industry brands that have also jumped to the private sector this year. What gives? The Aaron's Company deal is occurring via perhaps the most common route: a private equity firm is folding the retailer into its portfolio of operating companies, which also includes BrandsMart USA, a quasi-club format. However it got there, Aaron's is now shielded by the same big bad black umbrella that lets any private company go about its business without shareholders or Wall Street getting nosy—a boon for brands in a volatile macro economy that's seen even the most stalwart companies struggle In what has turned out to be its last quarter of reporting public financial results, the 1,200-store retailer said its Q2 sales were off 5.1 percent compared to this quarter last year. The whole rental sector of retail,
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News
- The 26 Best Luxury Gifts For Men That Are Worth The Splurge [Forbes]Forbes
- Athleta's fall sale marked neutral activewear favorites down by 30% [CNN]CNN
- Nordstrom Rack to Open Two New Florida Stores in Melbourne and SarasotaPR Newswire
- Nordstrom's fall sale has discounts of up to half off — shop our top picks [CNN]CNN
- This Dividend His Climbed 590% Riding A ‘Quiet' Megatrend [Forbes]Forbes
JWN
Earnings
- 8/27/24 - Beat
JWN
Sec Filings
- 10/18/24 - Form SC
- 10/1/24 - Form 4
- 9/25/24 - Form 4
- JWN's page on the SEC website