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.
Topics regarding layoffs at Academy Sports & Outdoors
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
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
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
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
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
Wondering if the increased tariffs will be the accelerant for Academy's bankruptcy. Ice already seems thin!
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
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
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
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
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
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.
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
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 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 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
I know the majority of people at ASO have no moral compass (various examples from my time there: being called a b by a bipolar crazed witch and left alone at bar with zero apology, being hit on by team members with girlfriends, thrown under the bus... — read more
Layoff for IT was today along with a complete reorganization of the Merch Planning and allocation division. So much talent walked out of the building today, to the point of what will be the demise of the company. Those walked today should feel like... — read more
The sour attitudes from certain posters on here and their rude replies illustrates life ar ASO and the reason why this place is a sinking ship. Market pressures? Layoffs because the company randomly isn’t doing well? When people go around with poor... — read more
CMO "resigned" effective immediately! no one can make it longer than 3 years
Seriously. They are the reason why the cuts are happening -they need $$$ to pay off loans used to buy us - so, accept it or write KKR a letter. I've been with Academy Sports + Outdoors for about 10 years now, some years were good but it was also... — 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.
Latest rumored corporate employee layoff will be in January after they ask all the corporate employees to work in stores over Black Friday and Christmas. "Helping Hands" is not mandatory but strongly encouraged to all team members. That is seriously... — read more
I am sorry for all of you that have been laid off recently! I am a health insurance broker. I'm more than happy to offer my services in regards to health insurance. I would act as your personal shopper to find the best plan that meets your criteria... — read more
How can you work your employees 8 hours plus with no lunch break? Also keep them over 3 hours after there scheduled shift?
I will continue to post on here every time something is taken down. ASO is high school. I will not say otherwise. It was like going back to high school and dealing with a popularity contest. Also, a guy whom I trusted used me emotionally just to get... — read more
Shows how no one in ecomm or leadership at ASO has any character.
When are the closures being announced? Before the holiday season or after. Will it be the same for corporate layoffs as well?
It’s standard practice in a private equity–style play to load up the portfolio company with debt as a means by which the private equity lender can extract the corporate cash flow.
Rumor mill is buzzing that more layoffs will be coming down the pipeline soon. How many more people can you fire and still not get the results you want? Stop telling corporate office employees to go work in stores, it won’t help! Maybe hire and train... — read more
Proof that leadership at ASO snoops on this thing instead of paying attention to doing their JOB! Leadership: If it’s because I put “confidential information”, then ask Scott Nixon and Krista Crawford why they leaked that they pushed me out to... — read more
our company is downhill spiral mode...the talent we have let go in the last year is almost comical...lack of leadership and constantly shifting strategies is a moving target and continues to drive morale and company performance down....we removed all... — read more
What Academy is doing over here is deplorable!! When will they wake up and see who the real issues are! We are barking up the wrong trees! Two more talents walked out today because Academy put them in a spot they were not qualified for and made them... — read more