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Home/News Feed/Hibbett Sports to close 175 stores in 3 years as JD Sports restructures US footprint
JD
$27.83
-$0.62 -2.18%

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

Company Fundamentals
08 Jun 2026
New York Post
View Source
Bearish
pluang ai news

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 larger and more profitable stores. While Hibbett's store count has already declined from 1,169 to 982 since the acquisition, JD also plans to open new JD stores and convert Finish Line locations to JD stores, keeping overall store numbers stable. This restructuring follows similar store closure trends in the retail footwear sector, including Foot Locker's recent closures after its acquisition by Dick's Sporting Goods.

More News (JD)

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

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

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 str...

Company Fundamentals
Bearish
3 days ago
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