Hibbett news and archive

JD Sports expects full year profit at lower end of guidance

JD Sports Fashion in its third quarter trading update said given the volatile trading environment, and following October trading, it now expects pre-tax profit to be at the lower end of original guidance range of 955 pounds to 1,035 million pounds. The company said that the more volatile environment was reflected in like-for-like (LFL) sales for...

Business

JD Sports increases revenue and profit in H1

JD Sports Fashion Plc reported organic sales growth of 6.4 percent with like-for-like (LFL) sales growth of 0.7 percent in the first six months. Group revenues were up 5.2 percent to 5 billion pounds and up 6.8 percent in constant currency. The company said that the trading performance in the first half was in line with expectations and its...

Business

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...

Business

JD Sports to acquire US-based Hibbett for 1.08 billion dollars

JD Sports Fashion has announced the proposed acquisition of sports-fashion brand Hibbett. Today the group proposed to acquire 100 percent stake in Hibbett for a price of 87.50 dollars per share in cash, implying an equity value of 1,083 million dollars and an enterprise value of 1,109 million dollars. Commenting on the development, Régis...

Business

Hibbett reports increase in Q3 sales, profit

Athletic apparel retailer Hibbett has reported an increase in sales and profit in the third quarter of the year as it benefited from the back-to-school season. Sales at the US company increased 13.5 percent to 433.2 million dollars in the three months to October 29, with comparable sales up 9.9 percent. Net income rose slightly to 25.6 million...

People

Hibbett appoints former L Brands CFO to board

US athletic apparel retailer Hibbett has appointed former L Brands finance chief Pamela Edwards to its board of directors. She replaces Jamere Jackson, who is stepping down from the board for personal reasons. Edwards was most recently the executive vice president and chief financial officer of US fashion retailer Citi Trends from January 2021...

Fashion

Hibbett and Puma donate 20,000 dollars, apparel and footwear to Children’s of Alabama

Footwear retailer Hibbett has announced its donation in partnership with Puma to Children’s of Alabama, consisting of 20,000 dollars, 4,350 pieces of Puma footwear and apparel, and 10,560 crayon sets. Children’s of Alabama provides specialised medical care for ill and injured children, and offers care throughout Alabama. It is ranked as one of...

Fashion

Nike and Hibbett donate 100,000 dollars to schools

Nike and Hibbett have awarded 10,000 each to ten high school girl’s basketball programs through their Support Her Sole campaign. The schools, which were selected from the states of Alabama, Georgia, Kentucky, North Carolina and Oklahoma, will support their women’s basketball programs through the grant with shoes, equipment, travel and more....

Fashion

Jordan Brand, Hibbett, Nice Kicks drop latest in sneaker culture series

Retailer Hibbett, sneaker platform Nice Kicks and Nike’s Jordan Brand have dropped the latest episode of Small-Town Sneakerhead, a sneaker culture series. Featuring Inder Lahil, a sneakerhead who lives in Texas the newest episode has been released in two parts across digital channels and social platforms belonging to Hibbett and Nice Kicks....

People

Hibbett appoints executive vice president of merchandising

Athletic apparel retailer Hibbett has promoted Jared Briskin to the role of executive vice president of merchandising. In his new role, Briskin will be responsible for merchandising, planning, allocation, and supply chain. Briskin joined Hibbett in April 1998 as a buyer and has since moved his way up the ranks - he was promoted to senior vice...