Academy Sports & Outdoors Plans to Open 160+ New Stores

Academy Sports + Outdoors unveils ambitious expansion plans, targeting up to 180 new stores.

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Academy Sports & Outdoors Plans to Open 160+ New Stores (Read More)

Academy Sports & Outdoors

  • Ambitious Expansion Plans: Academy Sports + Outdoors announces intentions to open 160 to 180 new stores over the next five years, with a focus on new markets and seasonal balancing strategies.

  • Strategic Growth: CEO Steve Lawrence emphasizes the importance of strategic store openings, aiming for greater density in new markets and a balanced distribution of openings throughout the year.

  • Long-Term Vision: CFO Carl Ford highlights Academy's long-term goal of reaching 800-plus stores nationwide, reflecting the company's confidence in its growth trajectory.

  • Initial Expansion Phase: The retailer initiates its expansion with the opening of 15 to 17 new stores in the current fiscal year, including locations in Knightdale, N.C., and Greenwood, Ind.

  • Customer-Centric Approach: Academy emphasizes its commitment to providing localized assortments and top-notch services, ensuring convenience and satisfaction for its customers in new communities.

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  • Home Depot's Major Acquisition: The home improvement giant, Home Depot, announced its acquisition of SRS Distribution Inc., a leading building products supply company catering to professional roofers, landscapers, and pool contractors. With a transaction value of approximately $18.25 billion, Home Depot aims to expand its presence in the professional contractor sector and leverage SRS's strong track record of growth and leadership in various trade verticals. The deal is a strategic move to enhance Home Depot's services for contractors and other professionals in the home improvement industry, positioning the company for future growth opportunities. (Read More)

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