Hibbett Sports to Close 175 Stores Amid Restructuring by JD Sports
Hibbett Sports owner plans to close 175 underperforming stores in major North American reorganization

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Hibbett Sports plans to shut down 175 underperforming stores across the U.S. over the next three years as part of a reorganization by its parent company, JD Sports. This move follows JD's acquisition of Hibbett for approximately $1.1 billion in 2024.
- 01Hibbett Sports will close 175 stores as part of a strategy to optimize its store footprint.
- 02JD Sports acquired Hibbett in 2024 for about $1.1 billion, enhancing its North American market presence.
- 03As of May 2024, Hibbett operated 1,169 stores across 36 states.
- 04JD Sports plans to open around 20 new stores and convert 70 to 80 Finish Line locations to JD stores.
- 05JD Sports' stock has seen a decline of about 1.7% year to date.
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Hibbett Sports, a major U.S. athletic retailer, will close 175 underperforming stores over the next three years as part of a restructuring initiative by its parent company, JD Sports. The closure plan follows JD Sports' acquisition of Hibbett in 2024 for approximately $1.1 billion, aimed at strengthening its position in the North American footwear market. As of May 2024, Hibbett operated 1,169 stores across 36 states. JD Sports CEO Regis Schultz highlighted the company's focus on enhancing store productivity and optimizing its retail estate, indicating a reduction of 39 stores in the previous year. The company aims to leverage best practices to improve profitability and efficiency. Alongside the store closures, JD Sports plans to open about 20 new stores and convert 70 to 80 Finish Line stores to JD locations. Despite these changes, JD Sports' stock has dipped by 1.7% year to date, reflecting broader challenges in the retail sector, including increased layoffs and store closures among competitors like Foot Locker.
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The closures may affect local economies where Hibbett stores operate, potentially leading to job losses and decreased retail options for consumers.
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