Welcome to our dedicated page for Academy Sports and Outdoors news (Ticker: ASO), a resource for investors and traders seeking the latest updates and insights on Academy Sports and Outdoors stock.
Academy Sports and Outdoors, Inc. (NASDAQ: ASO) is a premier retailer specializing in sporting goods, outdoor recreation products, and lifestyle apparel. Originally founded in 1938 as a family business in Texas, Academy has flourished into a significant market player with over 285 stores spread across 19 states. The company's mission is encapsulated in its motto, 'Fun for All.'
Academy offers a wide array of products covering key categories such as outdoor gear, sports & recreation equipment, apparel, and footwear. Customers can find top national brands like Nike, adidas, The North Face, YETI, and Carhartt, alongside exclusive private labels such as Magellan Outdoors, Freely, and BCG. The retailer is known for its commitment to providing high-quality products at everyday low prices, making it a go-to destination for active families.
In recent news, Academy has been on an aggressive expansion spree. In 2023, the company opened 14 new stores and is targeting a total of 120 to 140 new stores by the end of 2027. As part of its community outreach, Academy donated over $40,000 to local organizations during these openings. The new stores are designed to offer a localized assortment tailored to meet community needs, featuring grand opening festivities, exclusive deals, and appearances by local sports legends.
Academy Sports + Outdoors also places a strong emphasis on customer convenience. The company offers a variety of in-store services such as grill and bike assembly, scope mounting, line winding/spooling, and propane exchange. Hunting and fishing licenses can also be purchased in stores. The company's e-commerce platform, academy.com, and its mobile app provide customers with additional shopping convenience, complete with digital ads, offers, and email/text alerts.
Financially, Academy continues to show robust performance. The company recently announced its fourth quarter and fiscal 2023 financial results, with a webcast and live conference call scheduled to discuss further details. The company has also entered into an exclusive partnership with DoorDash to offer on-demand delivery from all its stores, ensuring customers can receive their purchases within an hour on average.
Academy Sports + Outdoors is committed to its mission of being a destination for families to find quality products and create lasting memories, whether shopping in-store or online.
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.
Academy Sports + Outdoors (Nasdaq: ASO) donated over $530,000 to St. Jude Children's Research Hospital® through a holiday partnership, totaling nearly $2.2 million over four years. The collaboration involved creating unique holiday-themed products designed by St. Jude patients, with proceeds supporting the hospital's mission of finding cures and saving children®. The initiative has been successful, thanks to the support of Academy team members and customers.
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