Academy Sports and Outdoors Inc

NASDAQ:ASOUnited States

Oct 1, 2024

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• Port Strike Could Last For Few Days or Weeks, With Holiday-Focused Retailers Most at Risk, Analysts Say, from 2:03PM ET on Tuesday Oct 01, 2024 by MT Newswires

  2:03PM ET on Tuesday Oct 01, 2024 by MT Newswires
  Companies Mentioned: WSM, RH, BBY, ASO, W, DKS
  02:03 PM EDT, 10/01/2024 (MT Newswires) -- A dockworker strike at ports on the US East and Gulf coasts may last for a few days or weeks, while the import-heavy retailers are seen the most at risk from potential supply disruptions heading into the ho...

• DJ Retailers Made Inventory Adjustments to Prep for Port Strike -- Market Talk, from 12:49PM ET on Tuesday Oct 01, 2024 by Dow Jones

  12:49PM ET on Tuesday Oct 01, 2024 by Dow Jones
  Companies Mentioned: WSM, BBY, ASO, DKS
  
  1249 ET - Most holiday-heavy retailers adjusted their shipping schedules in anticipation of a labor strike by dockworkers at East Coast and Gulf Coast ports, which should limit their near-term downside risk now that the strike has been launched, Wedbush analysts Seth Basham and Matthew McCartney say in a research note. Inventory days, a measure of how long products are held in inventory, increased 4% at the end of 2Q for Best Buy, Dick's Sporting Goods and Academy Sports and Outdoors, and increased 8.4% at Williams-Sonoma, the analysts say. Large retailers have the advantage of being able to store stocked supply longer and could be better positioned to meet demand if supply is limited at other retailers, the analysts say. (dean.seal@wsj.com)