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The Army & Air Force Exchange Service (AAFES, also referred to as The Exchange and post exchange/PX or base exchange/BX) provides goods and services at U.S. Army and Air Force installations worldwide, operating department stores, convenience stores, restaurants, military clothing stores, theaters and more nationwide and in more than 30 countries and four U.S. territories.
Tom Shull is an American businessman and Director/CEO of the Army & Air Force Exchange Service (Exchange), No. 52 [1] on the National Retail Federation 's Top 100 Retailers list. Shull joined the Exchange in 2012 as the first civilian [2][3] to lead the Department of Defense 's largest retailer. He also serves on the Exchange's board of directors.
Base exchange. An exchange is a type of retail store found on United States military installations worldwide. Once similar to trading posts, they resemble modern department stores or strip malls. The terminology varies by armed service; some examples include base exchange (BX), and post exchange (PX), and there are more specific terms for ...
FMWR's major business partner, the Army and Air Force Exchange Service, provides a dividend to Army FMWR based on two distinct agreements. In the first, the Army shares 50 percent of AAFES net income after depreciation with the Air Force based on the number of active duty Soldiers and Airmen in each service—currently the Army receives 30 ...
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The AAFMPS was merged with the Army and Air Force Exchange Service on 28 June 1975, and its functions are now part of the U.S. Army Family and Morale, Welfare and Recreation; the G9 Division of the U.S. Army Installation Management Command (for the U.S. Army) and the Air Force Services Agency (for the U.S. Air Force). [citation needed]
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