Hibbett Sports owner plans to close 175 US stores in major reorganization

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Hibbett Sports will be shutting down 175 stores across the United States in the next three years as part of a restructuring plan by its parent company, JD Sports.

JD Sports acquired Hibbett in 2024 for approximately $1.1 billion, with the aim of strengthening its presence in the North American footwear market. At the time of the acquisition, Hibbett had 1,169 stores in 36 states.

Now, in an effort to reduce costs, the company is focusing on optimizing its store footprint.

JD Sports CEO Regis Schultz announced during the fourth quarter earnings call that the company’s strategy includes enhancing store productivity and optimizing the store estate. This involved closing 39 stores last year and planning to close around 170 underperforming stores in North America over the next three years.

Hibbett Sports will shutter 175 stores across the U.S. over the next three years. Bloomberg via Getty Images

At the beginning of the fiscal year in February 2025, there were 999 Hibbett stores, which decreased to 982 by the end of the fiscal year in January 2026 as the group streamlined operations post-acquisition.

JD’s CFO Dominic Platt mentioned plans to open approximately 20 new JD stores and convert 70 to 80 Finish Line stores into JD locations in North America.

Considering JD Sports’ European expansion plans, the group anticipates maintaining a stable store count for the year, according to Platt.