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Hibbett Sports activities will shut 175 shops across the U.S. over the subsequent three years as its mum or dad firm, JD Sports activities, seems to be to reorganize its footprint.
JD Sports activities acquired Hibbett in 2024 in a deal valued at round $1.1 billion, with the acquisition considered as enhancing JD’s presence within the North American footwear market. Hibbett had 1,169 shops in 36 states as of Could 2024, based on the press launch for the deal.
Now, the corporate is transferring to scale back its retailer depend as a part of a cost-cutting technique.
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JD Sports activities will shut about 175 Hibbett Sports activities shops over the subsequent three years, the corporate mentioned. (David Paul Morris/Bloomberg through Getty Photographs)
JD Sports activities CEO Regis Schultz mentioned on the corporate’s fourth quarter earnings name that its “second key strategic initiative is driving retailer productiveness and optimization of our retailer property. Our internet retailer motion final 12 months was a discount of 39 shops, demonstrating our fewer, greater, and higher retailer technique.”
“In North America, we are going to leverage group finest follow to optimize EBIT retailer footprint and profitability. As a part of this, we are going to shut round 170 underperforming EBIT shops over the subsequent three years,” Schultz added.
JD mentioned that firstly of its fiscal 12 months in February 2025, there have been 999 Hibbett shops and that determine declined to a complete of 982 when its fiscal 12 months resulted in January 2026 because the group consolidated its operations after the Hibbett acquisition.
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JD Sports activities mentioned it’ll concentrate on closing underperforming Hibbett Sports activities places. (David Paul Morris/Bloomberg through Getty Photographs)
JD’s CFO Dominic Platt added that the group is planning to open about 20 new JD shops in addition to changing between 70 to 80 End Line shops to JD places in North America.
After factoring in JD Sports activities’ plans in Europe, the group expects its complete retailer depend to “keep broadly flat for the 12 months,” Platt mentioned.
JD Sports activities’ inventory is down about 1.7% 12 months so far and is round 1.8% greater over the past 12 months.
DICK’S SPORTING GOODS PLANS TO CLOSE SOME FOOT LOCKER STORES
Hibbett was acquired by JD Sports activities for $1.1 billion in 2024. (David Paul Morris/Bloomberg through Getty Photographs)
The information comes as Hibbett’s retail footwear rival, Foot Locker, introduced retailer closure plans final November following its $2.4 billion acquisition by Dick’s Sporting Items in September 2025.
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The corporate did not specify what number of Foot Locker places would shut, although 9 Dick’s places closed in 2025, together with about 11 Foot Locker-owned shops and 4 licensed shops.
