So ASO structured a 3:1 reverse split of everyone’s options and stock in to the IPO? That’s some medieval level a– rape, if you ask me. I’m sure all the execs are happy though!
Topics regarding layoffs at Academy Sports & Outdoors
I have worked for Academy for close to 14 years and when I first started working for the company, they didn't force us to push credit cards on people. I am always feeling extremely guilty and sad. I feel like a total piece of c-ap for pushing debt on... — read more
I saw some suits in my store looking around. They said they were from d—s HQ in Pennsylvania. Will they buy ASO? Would they change our name? Wouldnt this be good for us?
He did a really good job and is a good person. Why was Bryn fired? He is the first of many execs who will be fired now that Stage is bankrupt and closed. Get ready for lots of ex-Stage and ex-JC Penny execs to come here. Hope they dont do to... — read more
I was informed that I called in twice in six months so if I call in two more times, I will get a write up. One was because I was sick, and the other was because I was helping my mom during the day of her eye surgery. I didn't think I had any... — read more
When is the Academy going bankrupt and shed stores and employees? It's been lingering in a near-bankruptcy state for a long time. The company keeps trying to bank on eCommerce to save itself but everyone knows there is nothing that Academy carries... — read more
Are you sure layoffs are done for now? That everybody who was supposed to be laid off was laid off yesterday? My mom works at Academy Sports and she has been a nervous wreck for the past several days, including this morning. It would be nice to... — read more
Hate days like this.... I have been through this a couple of times and the way it’s handled is always scary. Praying for you folks in the field, and those let go of from Corp today. Some good people were dismissed.... :( Making money hand over... — read more
In light of recent payouts, furloughs, etc at what point is the short term gain of a few dollars not outweighs the long term hit to TM morale? I want to see Academy succeed but am nervous we are being shortsighted. Restore pay, bring workers back... — read more
I was furloughed too. Reason given was that they needed to keep associates that were multifunctional and able to work different areas of the store. I have been with the company for 5 years in the fall and have worked in outdoors, cashier, AP/LP, SFS... — read more
I have worked at the same store for several years. I've gotten a good review every year, I've gotten merit raises, and my attendance is damn near perfect. When it came time to furlough people, I thought they'd drop the poorer performers first, or... — read more
You probably already know but the meeting with Ken Hicks on Friday confirmed it. Associates are being asked to be put on a list to work at the dc since no stores are making money. Nothing will ever be the same
I'm so tired of having to harass our customers about filling out a credit card application. Yes, some will do it in the end, but will they ever be back is another issue. It's like it's hard to understand that a customer that feels forced into doing... — read more
Looks like new strategy is to cut specific departments and positions. Baling water to try to keep ship afloat. Maybe it will work, at least for short term. Gotta give the private equity overlords some blood to keep them in the game.
We are expected to perform Miracles with little staff. Hours have been cut so bad that our Team members can not get the job done. Expected to hire PT team members and give them five to ten hours a week, you really think you are going to keep... — read more
Bankruptcy on the horizon for Academy Sports & Outdoors? Who agrees with me? The overall credit profile is getting worse by the day but we are still highly liquid, no debt matures any time soon (at least not in next three years) - so it may take a... — read more
Instead of complaining here, do something about it and leave. It is no one’s fault but yours at this point. It is not new hires fault (from my experience, old timers loved to blame and throw them under the bus, causing very talented potentials to... — read more
To work this hard only to see daily negative comps for reasons I and my peers can’t affect is soul crushing. We all know where the problems are. The refusal of leadership to acknowledge and do something about it, and continue to expect more with... — read more
Wondering if the increased tariffs will be the accelerant for Academy's bankruptcy. Ice already seems thin!
In all honesty, I hope there is a layoffs round that will get rid of the many employees who either do nothing or, if they do, they end up messing things up for all of us. I’m not holding my breath for it to happen, though. This company knows nothing... — read more
Realistically, Academy Sports & Outdoors is not doing so well, so I'm worried that we'll be hearing about more store closing any time now. I wish I could stop worrying about this, but I can't. Hopefully I turn out to be wrong about this, but right... — read more
Cannot access formerteammember.academy.com this morning - they are telling all is OK but I still cannot access it. Anyone else has similar problems with formerteammember... Trided on mobile web ipad I cannot connect. Granted I am trying all of them... — read more
Moody's Investors Service ("Moody's") downgraded Academy, Ltd.'s ("Academy") Corporate Family Rating ("CFR") to Caa1 from B3 and Probability of Default Rating ("PDR") to Caa1-PD from B3-PD. Concurrently, Moody's downgraded the company's senior... — read more
I wonder if the guy who runs stores became such a charismatic speaker having to give motivational pep talks at the last two companies he drove into the ground. That's the only thing he has proved to be any good at. Half the reason Academy is doomed... — read more
Anyone else think the visuals for 'The Big Deal' look more like a 'store closing' sale than the usual clearance special? The stickers are plastered all over the front door like one. — read more
Academy lays people off and immediately terminates their health insurance that day. Then on the last pay check they charge you health insurance. Health insurance is prepaid, meaning you pay for the next two weeks of coverage. You do not receive... — read more
For those of you who were either fired, laid off, asked to resign or left last year, have you reveived your tax documents yet? I have not, and I am wondering if it is just me.
It’s a fact that we’ve never been the company that pays good salaries to its workers, but I was able to get by. Now that they cut hour hours and filled them with part-time workers it’s become impossible to make ends meet. I wonder if anybody else... — read more
Has anybody else noticed how little actual merit has to do with getting a promotion here? It’s never the hardest working or most experienced employees - it is always somebody who knows the right person or is related to the right person. No wonder... — read more
I just read that one of the stores is closing in March in another thread, and I had no idea we had any closing announcements lately. Is that the only affected store or are there more that I've missed? I tried to find some info online, but had no... — read more
Hours are cut at all retail stores after the first of the year until volume picks up again. It's only temporary and hours/staff will increase once enough customers complain or store volume increases. Be thankful you aren't at the Iverness store... — read more
I know we might be having layoffs any day now, but frankly, I'm more worried about more hour cuts. Academy Sports has been constantly cutting hours of its regular employees just to turn around and give them to newly hired temps. Any more of my hours... — read more
Let's face it, current & former employees...oh and the vendor community too, TALK. I left over a year ago (my choice, not ASO's) and I keep in touch with former colleagues (the few that are still there, that is) & vendors. When you go through 5 solid... — read more
Let's start a new convo on what signs you should look for in a looming bankruptcy situation. I'll offer mine from my experience in a ch11 scenario @ my former employer (restructure type, not insolvency). None of this is guaranteed to end in Ch7 but... — read more
To the person who is accusing ex employees of starting the layoff rumor (and down voted my rebuttals), please explain the below comment left on another thread at the end of last year: Ok everyone. You have about 2 1/2 months until layoffs. Timing is... — read more
At this point all the “experts” that claimed there would be mass layoffs have no credibility. They were sure it was Tuesday, then sure it was Wednesday, now sure it’s Thursday..... It’s obvious that this is a calculated rumor mill with no credible... — read more
Town hall Thursday Jan 17 but rumors are flying that there will be some layoffs tomorrow Wednesday. Guess we have to wait and see what happens.
He filed a suit against Lowe’s and then turns around and treats people under him the exact same way: https://www.leagle.com/decision/infdco20180308a93
CMO "resigned" effective immediately! no one can make it longer than 3 years