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Hibbett Sports

From Wikipedia, the free encyclopedia
American holding company

Hibbett, Inc.
FormerlyHibbett Sports, Inc.
Company typeSubsidiary
IndustrySporting goods retailer
Founded1945; 80 years ago (1945)
HeadquartersBirmingham,Alabama, United States
Number of locations
1,169 (2024)
Key people
Jared S. Briskin (president andCEO)
Ben Knighten (vice president operations)
Robert J. Volke (CFO)
David Benck (vice president General Counsel)
ProductsSporting Goods
RevenueIncreaseUS$1.73 billion (2024)
Decrease US$137 million (2024)
Decrease US$103 million (2024)
Total assetsDecrease US$909 million (2024)
Total equityIncrease US$419 million (2024)
Number of employees
12,500 (2024)
ParentJD Sports
SubsidiariesCity Gear
Websitehibbett.com
Footnotes / references
Financials as of February 3, 2024[update].[1]
A Hibbett Sports inJohns Creek, Georgia

Hibbett, Inc. (formerlyHibbett Sports, Inc.) is an Americansporting goodsretailer headquartered inBirmingham, Alabama and is a wholly-owned subsidiary ofJD Sports.

As of February 3, 2024,[update] the company operated 1,169 retail stores, which include 960 Hibbett Sports stores, 193 City Gear stores, and 16 Sports Additions athletic shoe stores in 36 states.[1] Hibbett Sports, Inc. operatessporting goodsstores in small to mid-sizedmarkets, in theSoutheast,Southwest and lowerMidwest regions of theUnited States. States with the most stores areGeorgia (97),Texas (97), andAlabama (90). Its stores offer a range of athletic equipment,footwear andapparel. The company's primary store format is the Hibbett Sports store, an approximately 5,000 square foot store located primarily in strip centers which are frequently influenced by aWal-Mart store.[2]

History

[edit]

In January 2015, Hibbett Sports reported net annual sales of US$913M on total assets of US$452M.[2]

In August 2017, the company announced the launch of its newe-commerce site, hibbett.com. The website includes product launch calendars, a store availability finder, and fit-finding technology.[3][4]

UK-basedJD Sports agreed to acquire Hibbett for $1.08 billion in April 2024.[5][6][7] The acquisition was completed three months later.[8]

References

[edit]
  1. ^ab"FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 March 2024.
  2. ^ab"Hibbett Sports, Inc. SEC Filing 10-K January 2015".Stockpup.com. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 28 January 2017. Retrieved22 August 2017.
  3. ^"Hibbett Sports expects store sales to drop 10 percent; launching e-commerce site".AL.com. Retrieved22 August 2017.
  4. ^"Hibbett Sports retailer finally launches e-commerce site after brutal sales drop".USA TODAY. Retrieved22 August 2017.
  5. ^"JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal". Reuters. 23 April 2024.
  6. ^"JD Sports Fashion rachète la chaîne d'habillement Hibbett pour 1 milliard de dollars".BFMTV. 23 April 2024. Retrieved23 April 2024.
  7. ^Conso, L. S. A. (23 April 2024)."JD Sports veut racheter son concurrent américain Hibbett".LSA. Retrieved23 April 2024.
  8. ^"Hibbett Announces Completion of Acquisition by JD Sports Fashion plc".Hibbett. Retrieved3 October 2024.
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