Hibbett Sports Parent Company Plans To Close 175 Underperforming Stores In Three-Year Restructuring
JD Sports, owner of Hibbett Sports, announced plans to close approximately 175 underperforming stores in North America over the next three years as part of a broader strategy to optimize its store footprint and improve profitability. The company acquired Hibbett for $1.1 billion in 2024 but is now reducing its presence through closures while also planning new JD Sports locations.
Tickers: $JD.
Topics: restructuring retail store closures