Aaron's adds 8 HomeSmart stores

Atlanta retailer Aaron's has bought eight more stores it intends to change to its weekly rent-to-own model.

The Buzz's Lease Purchase & Sales stores in Louisiana and Texas will be converted to Aaron's HomeSmart brand. In July, Aaron's announced that it had bought 30 other stores; the company expects to have about 60 HomeSmart stores by the end of the year.

The concept is still being developed, but in a statement, Aaron's chief operating officer Ken Butler said early results for the stores have been positive.

"Future growth prospects at this time appear excellent," he said.

The purchase price for the newest eight HomeSmart stores was not disclosed.

The HomeSmart stores allow customers to pay for their goods on a weekly basis; Aaron's customers pay monthly. Aaron's has nearly 1,900 stores in 48 states and Canada.

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