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Hibbett Sports

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American holding company

Hibbett, Inc.
FormerlyHibbett Sports, Inc.
Company typeSubsidiary
Traded as
IndustrySporting goods retailer
Founded1945; 79 years ago (1945)
HeadquartersBirmingham, Alabama, United States
Number of locations1,169 (2024)
Key peopleMichael 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)
ProductsSporting Goods
RevenueIncrease US$1.73 billion (2024)
Operating incomeDecrease US$137 million (2024)
Net incomeDecrease US$103 million (2024)
Total assetsDecrease US$909 million (2024)
Total equityIncrease US$419 million (2024)
Number of employees12,500 (2024)
ParentJD Sports
SubsidiariesCity Gear
Websitehibbett.com
Footnotes / references
Financials as of February 3, 2024.
A Hibbett Sports in Johns Creek, Georgia

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, 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. 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.

History

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

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.

UK-based JD Sports agreed to acquire Hibbett for $1.08 billion in April 2024. The acquisition was completed three months later.

References

  1. ^ "FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 March 2024.
  2. ^ "Hibbett Sports, Inc. SEC Filing 10-K January 2015". Stockpup.com. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. 28 January 2017. Retrieved 22 August 2017.
  3. "Hibbett Sports expects store sales to drop 10 percent; launching e-commerce site". AL.com. Retrieved 22 August 2017.
  4. "Hibbett Sports retailer finally launches e-commerce site after brutal sales drop". USA TODAY. Retrieved 22 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. Retrieved 23 April 2024.
  7. "JD Sports veut racheter son concurrent américain Hibbett". LSA. Retrieved 23 April 2024.
  8. "Hibbett Announces Completion of Acquisition by JD Sports Fashion plc". Hibbett. Retrieved 3 October 2024.
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