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Home/News Feed/JD Sports to close 175 Hibbett Sports stores in next 3 years to cut costs and optimize footprint
JD
$28.21
-$0.24 -0.84%

JD Sports to close 175 Hibbett Sports stores in next 3 years to cut costs and optimize footprint

Company Fundamentals
08 Jun 2026
Fox Business
View Source
Bearish
pluang ai news

JD Sports plans to close 175 underperforming Hibbett Sports stores across the U.S. over the next three years as part of a cost-cutting and store optimization strategy. This follows JD Sports' $1.1 billion acquisition of Hibbett in 2024, aiming to strengthen its North American footwear market presence. While closing these stores, JD Sports will also open about 20 new JD stores and convert 70-80 Finish Line stores to JD locations, keeping the overall store count stable. The move reflects a broader retail trend of consolidations and store closures to improve profitability.

More News (JD)

Hibbett Sports to close 175 stores in 3 years as JD Sports restructures US footprint

Hibbett Sports to close 175 stores in 3 years as JD Sports restructures US footprint

JD Sports, after acquiring Hibbett Sports in 2024, plans to close 175 underperforming Hibbett stores across the US over the next three years to optimize its retail footprint and cut costs. The move aligns with JD's strategy of operating fewer but lar...

Company Fundamentals
Bearish
3 days ago
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