JD Sports Completes Hibbett Acquisition

BIRMINGHAM, ALABAMA (July 25, 2024) – Hibbett, Inc. announced the completion of the Company’s acquisition by JD Sports Fashion. Hibbett is now part of JD and will cease to be a stand-alone publicly traded company.

Mike Longo will continue as President and Chief Executive Officer of Hibbett and Jared Briskin will assume the role of Chief Operating Officer. Hibbett will maintain its corporate headquarters in Birmingham, Alabama.

“We are excited to complete this transaction and join JD,” Longo said. “Hibbett and City Gear will continue to have significant growth opportunities thanks to our strong vendor relationships with highly coveted brands, best-in-class omni-channel platform and efficient supply chain operations. In addition, our store footprint is complementary and incremental to the other existing JD locations in North America. Above all, we will continue to provide an outstanding consumer experience in underserved communities by offering a unique and compelling product mix that appeals to our fashion-conscious shoppers.”

Hibbett has 1,169 stores (including City Gear and Sports Additions) in 36 states as of May 4, 2024, according to the news release. The JD Group was founded in 1981 and had 3,300 stores worldwide as of May 4, 2024.

Hibbett is a longtime member of the National Sporting Goods Association.