Academy Sports And Outdoors Extends Partnership With Digital Sports Platform Fanatics
Portfolio Pulse from Shivani Kumaresan
Academy Sports and Outdoors Inc (NASDAQ:ASO) has extended its partnership with digital sports platform Fanatics. The partnership aims to enhance the assortment of officially licensed merchandise available to Academy customers both in-store and online. This will provide Academy the chance to tap into Fanatics' licensed sports inventory, offering a broader selection of fan apparel, jerseys, headwear, and novelty items. ASO shares are trading higher by 0.72% at $50.13.
August 30, 2023 | 4:21 pm
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Academy Sports and Outdoors Inc has extended its partnership with Fanatics, which could potentially increase its product offerings and customer base. ASO shares are trading higher by 0.72%.
The extended partnership with Fanatics could potentially increase Academy Sports' product offerings and customer base, which could lead to increased sales and revenue. This news is directly related to ASO and is likely to have a positive impact on its stock price in the short term, as reflected in the current increase in ASO shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100