Academy Sports + Outdoors Opens New Store in Lafayette, Ind.

Rhea-AI Summary

Academy Sports + Outdoors has announced the opening of its first store in Lafayette, Indiana, located at 100 S. Creasy Ln. This new store spans approximately 60,000 square feet and offers a wide range of sports and outdoor merchandise. The grand opening is set for April 21-23, 2023, featuring exclusive deals and giveaways. This marks Academy's first store opening in 2023, with plans to open 13-15 additional stores this year and a total of 120-140 by the end of 2027. Customers can find products from top brands like Nike, adidas, and Under Armour, along with private label options. The store aims to cater to diverse community needs, offering various services including free assembly and license purchases. For more details, visit academy.com/lafayette.

Positive

• First store opening in Lafayette, expanding market presence.
• Plans to open 13-15 more stores in 2023, indicating growth potential.
• Offering exclusive deals and giveaways during grand opening, likely boosting initial sales.

Negative

• None.

Marks Academy's fourth location in Indiana

KATY, Texas, April 18, 2023 /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 the Lafayette area. Located at 100 S. Creasy Ln., the approximately 60,000-square-foot store brings a wide assortment of sports and outdoors merchandise to the area. Academy will host grand opening festivities from Friday, April 21 through Sunday, April 23. Throughout the weekend, customers can look forward to exclusive deals and giveaways, and take advantage of great prices.

This marks the first store Academy has opened in 2023. Academy plans to continue its expansion efforts with the goal of opening 13 – 15 stores this year, and a total of 120 to 140 new stores by the end of 2027.                                                                                      

"Academy Sports + Outdoors is excited to provide the Lafayette community with a destination that makes pursuing their sports and outdoors passions easy and affordable," said Sam Johnson, Academy's Executive Vice President of Retail Operations. "Whether you're an outdoor enthusiast gearing up for a hunting trip, a family looking to grill in the backyard, or a Boilermaker fan getting ready for the spring game this weekend, our great value and services encourage customers to get active."

Customers can expect to find the best assortment of athletic and casual shoes, sports and outdoors equipment, and clothing from top, national brands such as Nike, adidas, The North Face, Under Armour, Columbia, YETI, Carhartt, Wrangler, Timberland, Traeger and more. Academy also offers tremendous everyday value and quality through its exclusive, private label brands such as Magellan Outdoors, Freely, R.O.W., BCG, H2OX, Mosaic, and O'Rageous, which cover outdoor apparel and equipment, women's and men's apparel, workout attire, fishing equipment, and water gear, respectively.

The new Lafayette location is a fun destination where Boilermaker and Colts fans can find tailgating essentials, licensed apparel and novelty items. Additionally, customers can find a Nike top for a Mother's Day gift, a Coleman tent for a camping trip, and everything from grills to games to create a backyard oasis. Academy offers free 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 LAFAYETTE to 22369 or visit academy.com/lafayette. 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 269 stores across 18 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.

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.

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SOURCE Academy Sports + Outdoors

FAQ

When was the new Academy Sports + Outdoors store opened in Lafayette, IN?

The new Academy Sports + Outdoors store in Lafayette, Indiana, opened on April 21, 2023.

What is the size of the new Academy store in Lafayette, IN?

The new store in Lafayette spans approximately 60,000 square feet.

What products can customers find at the Lafayette Academy store?

Customers can find a wide variety of sports and outdoor products, including items from brands like Nike, adidas, and Under Armour.

How many new stores does Academy plan to open in 2023?

Academy plans to open 13-15 new stores in 2023.

What type of promotions are available during the grand opening?

During the grand opening weekend, customers can enjoy exclusive deals and giveaways.