Hibbett news and archive

JD Sports to close 175 Hibbett stores as restructuring continues

JD Sports has said it is planning to close around 175 Hibbett stores over the next three years as part of an ongoing optimisation of its North American footprint. Speaking during the company’s fourth-quarter earnings call, chief executive Régis Schultz said the retailer is focusing on closing smaller and lower-performing stores while...

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Business

JD Sports FY26 sales rise, North America leads growth

British sports fashion powerhouse JD Sports Fashion has reported a resilient performance for the 52 weeks ended January 31, 2026, despite what it described as a tough global industry backdrop. The group achieved total sales of 12.66 billion pounds (17.22 billion dollars), representing an 11.7 percent increase at constant currency and organic...

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Business

JD Group reports 18 percent sales increase in H1, driven by acquisitions

JD Group has reported its interim results for the first half of fiscal year 2026, showing total sales of 5.94 billion pounds, an 18 percent increase from the prior year. At constant exchange rates, this represents a 20 percent growth, largely driven by the acquisitions of Hibbett and Courir. Organic sales growth, which excludes these...

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Business

JD Sports posts steady Q4, announces medium-term growth strategy

Sports fashion retailer JD Sports has provided its fourth-quarter trading update and initial outlook for the new financial year, highlighting a resilient performance in a challenging market. The Group reported LFL revenue growth of 0.3 percent and organic revenue growth of 5.8 percent for FY25, with adjusted pre-tax profit landing within the...

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Business

JD Sports lowers profit forecast in "volatile" market

In a pre-close trading update, sportswear retailer JD Sports said that like-for-like (LFL) revenue across November and December was down 1.5 percent, in a challenging and volatile market that saw increased promotional activity. The company now expects profit before tax and adjusting items to be between 915 million pounds and 935 million pounds...

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JD Sports expects full year profit at lower end of guidance

JD Sports Fashion in its third quarter trading update said given the volatile trading environment, and following October trading, it now expects pre-tax profit to be at the lower end of original guidance range of 955 pounds to 1,035 million pounds. The company said that the more volatile environment was reflected in like-for-like (LFL) sales for...

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Business

JD Sports increases revenue and profit in H1

JD Sports Fashion Plc reported organic sales growth of 6.4 percent with like-for-like (LFL) sales growth of 0.7 percent in the first six months. Group revenues were up 5.2 percent to 5 billion pounds and up 6.8 percent in constant currency. The company said that the trading performance in the first half was in line with expectations and its...

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Business

JD Sports completes acquisition of Hibbett

British retail group JD Sports Fashion Plc on Thursday completed the takeover of the US sporting goods supplier Hibbett Inc., which was announced in April . CEO Régis Schultz once again emphasized the importance of the transaction for JD Sports. "The completion of the acquisition of Hibbett is an important strategic milestone for us in North...

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Business

JD Sports to acquire US-based Hibbett for 1.08 billion dollars

JD Sports Fashion has announced the proposed acquisition of sports-fashion brand Hibbett. Today the group proposed to acquire 100 percent stake in Hibbett for a price of 87.50 dollars per share in cash, implying an equity value of 1,083 million dollars and an enterprise value of 1,109 million dollars. Commenting on the development, Régis...

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Business

Hibbett reports increase in Q3 sales, profit

Athletic apparel retailer Hibbett has reported an increase in sales and profit in the third quarter of the year as it benefited from the back-to-school season. Sales at the US company increased 13.5 percent to 433.2 million dollars in the three months to October 29, with comparable sales up 9.9 percent. Net income rose slightly to 25.6 million...

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Hibbett appoints former L Brands CFO to board

US athletic apparel retailer Hibbett has appointed former L Brands finance chief Pamela Edwards to its board of directors. She replaces Jamere Jackson, who is stepping down from the board for personal reasons. Edwards was most recently the executive vice president and chief financial officer of US fashion retailer Citi Trends from January 2021...

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Fashion

Hibbett and Puma donate 20,000 dollars, apparel and footwear to Children’s of Alabama

Footwear retailer Hibbett has announced its donation in partnership with Puma to Children’s of Alabama, consisting of 20,000 dollars, 4,350 pieces of Puma footwear and apparel, and 10,560 crayon sets. Children’s of Alabama provides specialised medical care for ill and injured children, and offers care throughout Alabama. It is ranked as one of...