Academy Sports & Outdoors reports record quarter
December 13, 2021
Academy Sports & Outdoors posted a same-store sales increase of 17.9 percent in the third quarter. The company raised its sales and earnings forecasts for the year based on its recent results. The company, which operates 259 stores, expects to open between eight and 10 new locations in 2022. The retailer also plans to expand its private label presence to help boost margins.
Recent News
Hyundai Invests $1 Billion in AV Startup Motional
Hyundai is set to invest almost $1 billion in Motional, securing a majority stake in the self-driving startup and providing vital capital for its ongoing operations.
Disney World’s Theme Parks Are Emerging as a Prime Location for Remote Workers
An increasing amount of people are opting to work remotely from Disney World theme parks.
Qantas Pays $79M To Settle ‘Ghost Flights’ Case
Qantas is paying the biggest fine of its history to settle the reputational crisis.
Rue21 Files for Bankruptcy, 540 Stores To Close
Rue21 is the latest brick-and-mortar clothing retailer to file for bankruptcy.