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Academy Sports hits store count landmark, supports growth
Katy, Texas – Academy Sports + Outdoors is hitting a landmark in its store count.
The sporting goods chain will open its 200th store in Tupelo, Mississippi on July 3.
The Tupelo store will be approximately 63,000-sq.-ft. and will bring 100 new jobs to the area. This will be the first location in Tupelo and the fifth store in Mississippi.
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Costs hinder earnings at Family Dollar
Family Dollar had a dip in profit in the third quarter as the company reported higher costs ahead of its planned merger with Dollar Tree.
Family Dollar Stores Inc. reported a profit of $79.9 million, or 70 cents a share, for the third quarter ended May 30, down from $81.1 million, or 71 cents a share, a year earlier. Excluding restructuring- and merger-related charges, the company’s profit was 74 cents a share, compared with 85 cents a year earlier. Net sales rose 2.60% to $2.73 billion.

