Academy Sports And Outdoors Promotes Sam Johnson To Succeed Michael Mullican As President

RTTNews | 1054 days ago
Academy Sports And Outdoors Promotes Sam Johnson To Succeed Michael Mullican As President

(RTTNews) - Academy Sports and Outdoors, Inc. (ASO) announced Friday that, effective on October 23, 2023, Sam Johnson, Executive Vice President (EVP) of Retail Operations, will become President, succeeding Michael Mullican, who recently informed the company that he is stepping down to pursue other personal and professional opportunities.

In his new role, Johnson will continue to report to CEO Steve Lawrence, and his responsibilities will include continued oversight of retail operations and real estate & construction, as well as new responsibility for logistics & supply chain.

Mullican will serve the company in an advisory capacity through a brief transition period beginning today.

Johnson has served as EVP of Retail Operations and a key member of the executive leadership team since joining Academy in April 2017. Prior to joining the company, Johnson spent seven years with hhgregg, Inc., where he most recently served as Chief Retail Officer. Prior to hhgregg, he spent more than 20 years in various leadership roles with Sears Holdings Corp., including Vice President of Small Stores.

In connection with Johnson's promotion to President, Eric Friederich has been promoted to Senior Vice President of Retail Operations, succeeding Johnson as the head of store operations. Friederich has been with Academy since November 2016.

read more
IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

Canadian stocks may open with positive bias Friday as oil prices decline following the International Energy Agency's downward revision of global oil demand. Investors seek bargains after six consecutive days of losses. U.S. consumer price data could impact sentiment.
RTTNews | 49 minutes ago
Canadian Dollar Falls As Oil Prices Edge Lower

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.
RTTNews | 1h 4min ago
Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.
RTTNews | 1h 36min ago
UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.
RTTNews | 1h 49min ago