Texas-based Academy Sports activities + Outside to open retailer in Virginia

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Photo by Megan Muncemegan munce,

Aug 16, 2022Updated: Aug 16, 2022 11:58 am

Academy Sports + Outdoors opens its first store in Virginia as part of a nationwide expansion.

Eli Hartman, MBI/Associated Press

Academy Sports + Outdoors announced Tuesday that it will open its first store in Virginia later this week as part of a nationwide expansion.

Sporting goods and outdoor retailer Katy started in Texas and has grown to 262 stores in 17 states. Its first Virginia store will open Friday in Richmond, the third of nine new stores the company plans to open this year.

MORE: Bridgeland High School student in the Academy Sports + Outdoors commercial

Academy profits soared during the COVID-19 pandemic as people became more interested in fitness and outdoor activities. In March, the company announced that 2021 was the most profitable year in its more than 80-year history. It made a record profit of $671.4 million.

Over the next five years, Academy Sports + Outdoors hopes to open 80 to 100 new stores, the company said in a statement.

The company went public in October 2020 at the start of the pandemic at $13 per share. Shares were trading around $48 on Tuesday morning.

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Megan Munce is a Hearst Fellow and works for the Houston Chronicle.

Megan recently graduated from Northwestern University’s Medill School of Journalism with a BS and MS in Journalism and a second major in Political Science.

She previously worked as an audience engagement grantee and reporter at the Texas Tribune and as an audience information intern at KQED, the Bay Area NPR and PBS affiliate station.