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 and Outdoors, Inc. (NASDAQ: ASO) announced the opening of its first store in Peoria, Illinois, slated for summer 2023. This location, over 60,000 square feet, will offer a diverse range of products for outdoor activities and sports. Academy plans to expand its footprint significantly, targeting 13 to 15 new stores this year and a total of 120 to 140 by 2027. The Peoria store aims to enhance customer experience with services like buy online, pick up in-store, and free shipping on orders over $25. Additionally, the location is expected to create around 60 jobs in the community, reinforcing Academy's commitment to local engagement and support for sports programming.
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.
Academy Sports and Outdoors (NASDAQ: ASO) has donated $1 million to St. Jude Children's Research Hospital. This initiative marks the third consecutive year of collaboration, featuring uniquely designed holiday t-shirts where a portion of proceeds supports St. Jude. The 2022 program saw a double increase in proceeds compared to the previous year, bringing Academy's total donations to $1.65 million since 2020. Eli Getson, Senior VP at Academy, emphasized the company's commitment to giving back, while St. Jude's CEO highlighted the partnership's creative impact on children's lives. The t-shirts were available exclusively at Academy's 268 stores and online.
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