Making a Move, Progressive Prioritizes its Shareholders and Partners
In 2020, PROG Holdings Inc. (Progressive) revealed that it has started to operate as an independent company that is publicly traded. Announced following the completion of spinning off its Aaron’s Business segment, Progressive has begun trading on the New York Stock Exchange (NYSE) under “PRG” as its ticker symbol. Chief Executive Officer (CEO) Steve Michaels revealed that the move will allow for the company to prioritize a profitable and high growth asset light business model moving forward. Benefitting retail partners, shareholders and the Progressive’s employees, Michaels believes that the company's new developments will lead to substantial value creation opportunities.
New Activity|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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