Army and Air Force Exchange Service
|Type||Department store, Government agency|
|Headquarters||3911 S. Walton Walker Blvd. Dallas, Texas, 75236 United States|
|Parent||United States Department of Defense|
The Army & Air Force Exchange Service (Exchange) is an agency of the United States Department of Defense. For more than 119 years, the Exchange's mission has been to support the men and women of the armed forces during military operations, humanitarian missions and other endeavors around the world. The Exchange is headquartered in Dallas, Texas, and its Director/Chief Executive Officer is Tom Shull.
The Exchange Service is designed to provide everything a soldier might need or want, tax-free and often at a deep discount: uniforms, tactical gear, recreational sports equipment, vitamin supplements, electronics, furniture, booze, lawn ornaments. It serves 12.8 million customers in 50 states and more than 30 countries. In fiscal 2013 the PX had revenue of $8.3 billion and a profit of $332 million. About a third of that was reinvested in operations, and the rest—$208 million—was plowed into the Pentagon’s morale, welfare, and recreation programs. 
- "Can the Turnaround Artist Who Fixed Barneys Save the Army PX?", Bloomberg Businessweek, Nov. 27, 2014
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