Hibbett Sports news and archive

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...

RetailFeatured

Lululemon and Hibbett are paving way in omnichannel, according to new report

A new report by omnichannel platform NewStore has detailed the retail brands that were found to be paving the way in omnichannel capabilities. Now in its eighth edition, the firm’s ‘2023 Omnichannel Leadership Report’ audited the operations of 300 luxury, premium and lifestyle retail brands in North America, with the goal of assessing the...

Retail

Hibbett Sports opens new store in California

US-based sports apparel retailer, Hibbett Sports has announced it’s opening a new store in Richmond, California. The new shop is located at 3500 B. Klose Way in the Hilltop Plaza in Richmond and adds to the company’s already one thousand plus stores. The 5,000 square foot boutique-style space offers an open concept with easy exploration of new...

Report

Hibbett Sports reports Q3 earnings, net sales fall below expectations

U.S.- based athletic fashion retailer Hibbett Sports Inc. (HIBB) reported Tuesday fiscal third-quarter earnings and sales that missed expectations, although same-store sales beat, and cut its full-year profit outlook. According to ’MarketWatch’, the athletic-inspired fashion retailer's stock was still inactive in premarket traded. Net income...

Report

Hibbett Sports’ stock slumps 32 percent on “very challenging” sales trends warning

The U.S. based sports apparel retailer Hibbett Sports Inc (HIBB.O) saw its shares dropped 32 percent on Monday after warning about how "very challenging" sales trends would affect its results. The retailer estimated an increase of pressure on its gross margins based on a decline of about 10 percent in its comparable-store sales for the second...