Academy Sports + Outdoors Opens First Store in Ohio, Expanding Footprint to 19 States

Rhea-AI Summary

Academy Sports + Outdoors (NASDAQ: ASO) is expanding its footprint by opening its first store in Ohio, located in Zanesville.

The new 54,000-square-foot store at 3925 Gorsky Dr. will offer a wide range of sports and outdoor merchandise. Grand opening events will be held from May 31 to June 2, featuring exclusive deals and giveaways.

This Zanesville store is the third opening in 2024, with plans to open 15-17 more stores within the fiscal year and 160-180 new stores over the next five years.

Customers can shop for top brands such as Nike, adidas, L.L.Bean, and more, both in-store and online. The store also offers free in-store services like grill and bike assembly, scope mounting, and line winding/spooling.

Academy is focused on providing everyday value through its private label brands like Magellan Outdoors and BCG. The Zanesville location will also cater to local needs, offering Buckeyes gear, hunting and fishing licenses, and more.

Positive

• Opening of the first store in Ohio, expanding to 19 states.
• Grand opening events from May 31 to June 2 with exclusive deals.
• Zanesville store is the third opening in 2024; plans for 15-17 more stores this fiscal year.
• Goal to open 160-180 new stores over the next five years.
• Wide assortment of sports and outdoor merchandise from top brands.
• Free in-store services like grill and bike assembly, scope mounting, and line winding/spooling.
• Focus on providing everyday value through private label brands.
• Catering to local needs with Buckeyes gear and hunting and fishing licenses.

Negative

• Expansion involves significant investment, which could strain financial resources.
• Increased operational costs with the opening of multiple new stores.
• Potential market saturation with aggressive expansion plans.
• Risk of not achieving projected store openings due to unforeseen circumstances.

The state's first location will be in Zanesville, OH

KATY, Texas, May 21, 2024 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its first store in Ohio. Located in Zanesville at 3925 Gorsky Dr., the approximately 54,000-square-foot store brings a wide assortment of sports and outdoors merchandise to the area. Academy will host grand opening festivities from Friday, May 31 through Sunday, June 2. Throughout the weekend, customers can look forward to exclusive deals and giveaways, and take advantage of great prices.

This marks the third store Academy has opened in 2024. Academy plans to continue its expansion efforts with the goal of opening 15-17 stores in its fiscal 2024 year, and a total of 160 to 180 new stores over the next five years.

"Academy Sports + Outdoors is excited to join the Zanesville community and provide customers with a destination that makes pursuing their sports and outdoors passions easy and affordable just in time for summer," said Eric Friederich, Senior Vice President of Retail Operations at Academy Sports + Outdoors. "By expanding our footprint into Ohio, Academy is excited to help more active families have fun out there and become the new go-to destination for customers looking for the top brands and the lowest prices."

Customers can find the best assortment of athletic and casual shoes, sports and outdoors equipment, and clothing from top national brands such as Nike, adidas, L.L.Bean, Carhartt, YETI, Stanley, Marucci, Titleist, Shimano, Brooks, Blackstone and more, both in-store and online.

Academy also offers tremendous everyday value and quality through its exclusive, private label brands such as Magellan Outdoors, Freely, R.O.W., BCG, H2OX, Redfield, and Mosaic, which include outdoor apparel and equipment, women's and men's apparel, workout attire, fishing equipment, hunting optics and accessories, and outdoor furniture, respectively.

The new Zanesville location is a destination for Father's Day gifting with top brands and gift ideas to help all types of dads have fun with their families. Additionally, customers can find Buckeyes gear and tailgating essentials, tents and coolers for a camping trip, hunting and fishing gear, and everything from grills to yard games for summer fun. Academy offers free in-store services such as grill and bike assembly, scope mounting, and line winding/spooling. Customers can also purchase hunting and fishing licenses in the store.

For more information regarding the grand opening deals and events text ZANESVILLE to 22369 or visit academy.com/zanesville. Customers are invited to shop online at academy.com or through Academy's mobile app, receive digital ads and offers, engage with Academy's social media accounts (@academy) and follow us on TikTok (@academysports), sign up for email/text alerts, and watch out for information on upcoming grand opening events.

Individuals interested in careers at Academy can visit careers.academy.com to apply for open positions.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 285 stores across 19 states. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

*By texting Zanesville to 22369, you agree to receive recurring automated marketing text messages (e.g., cart reminders) to the mobile number used at opt-in. Consent is not a condition of purchase. Msg frequency may vary. Msg & data rates may apply. Reply HELP for help and STOP to cancel. See  https://www.academy.com/sms-terms and https://www.academy.com/privacy-policy.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. Forward-looking statements are usually identified by or are associated with such words as "intends," "will," "plan," "believe," "expect," "may," and/or the negatives or variations of these terms or similar terminology.  Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Academy's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the U.S. Securities and Exchange Commission (the "SEC"), including Academy's Annual Report on Form 10-K under the caption "Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date released. Academy undertakes no obligation to publicly update or revise any forward-looking statement, except as may be required by any applicable securities laws.

Media Contact: Shane Carlisle, Public Relations Manager, shane.carlisle@academy.com 

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SOURCE Academy Sports + Outdoors

FAQ

When is the grand opening of Academy Sports + Outdoors in Zanesville, Ohio?

The grand opening events will be held from May 31 to June 2, 2024.

What brands will be available at the new Academy store in Zanesville, Ohio?

Customers can find brands like Nike, adidas, L.L.Bean, Carhartt, YETI, Stanley, Marucci, Titleist, Shimano, Brooks, and Blackstone.

What services are offered at the new Academy Sports + Outdoors store in Zanesville, Ohio?

The store offers free in-store services such as grill and bike assembly, scope mounting, and line winding/spooling.

How many stores does Academy Sports + Outdoors plan to open in 2024?

Academy plans to open 15-17 new stores in its fiscal 2024 year.

What is the long-term expansion goal for Academy Sports + Outdoors?

The company aims to open a total of 160 to 180 new stores over the next five years.