Hibbett Sports
 | |
 | |
| Formerly | Hibbett Sports, Inc. |
|---|---|
| Company type | Subsidiary |
| |
| Industry | Sporting goods retailer |
| Founded | 1945 |
| Headquarters | Birmingham, Alabama, United States |
Number of locations | 1,169 (2024) |
Key people | Michael E. Longo (president and CEO) Ben Knighten (vice president operations) Robert J. Volke (CFO) Jared Briskin (vice president Merchandise) David Benck (vice president General Counsel) |
| Products | Sporting Goods |
| Revenue |  US$1.73 billion (2024) |
 US$137 million (2024) | |
| US$103 million (2024) | |
| Total assets | US$909 million (2024) |
| Total equity | US$419 million (2024) |
Number of employees | 12,500 (2024) |
| Parent | JD Sports |
| Subsidiaries | City Gear |
| Website | hibbett |
| Footnotes / references Financials as of February 3, 2024[update].[1] | |
Hibbett, Inc. (formerly Hibbett Sports, Inc.) is an American sporting goods retailer headquartered in Birmingham, Alabama and is a wholly-owned subsidiary of JD 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. operates sporting goods stores in small to mid-sized markets, in the Southeast, Southwest and lower Midwest regions of the United States. States with the most stores are Georgia (97), Texas (97), and Alabama (90). Its stores offer a range of athletic equipment, footwear and apparel. 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 a Wal-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 new e-commerce site, hibbett.com. The website includes product launch calendars, a store availability finder, and fit-finding technology.[3][4]
UK-based JD 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]- ^ a b "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 March 2024.
- ^ a b "Hibbett Sports, Inc. SEC Filing 10-K January 2015". Stockpup.com. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 28 January 2017. Retrieved 22 August 2017.
- ^ "Hibbett Sports expects store sales to drop 10 percent; launching e-commerce site". AL.com. Retrieved 22 August 2017.
- ^ "Hibbett Sports retailer finally launches e-commerce site after brutal sales drop". USA TODAY. Retrieved 22 August 2017.
- ^ "JD Sports to buy US rival Hibbett in $1.08 billion sportswear retail deal". Reuters. 23 April 2024.
- ^ "JD Sports Fashion rachète la chaîne d'habillement Hibbett pour 1 milliard de dollars". BFMTV. Retrieved 23 April 2024.
- ^ "JD Sports veut racheter son concurrent américain Hibbett". LSA. Retrieved 23 April 2024.
- ^ "Hibbett Announces Completion of Acquisition by JD Sports Fashion plc". Hibbett. Retrieved 3 October 2024.
- Companies based in Birmingham, Alabama
- Economy of the Midwestern United States
- Economy of the Southeastern United States
- Economy of the Southwestern United States
- Sportswear brands
- Sporting goods retailers of the United States
- Companies formerly listed on the Nasdaq
- Retail companies established in 1945
- 1945 establishments in Alabama
- 2024 mergers and acquisitions
- American subsidiaries of foreign companies