Hibbett Sports, a Birmingham, Alabama-based sporting goods retailer, has announced the closing of six stores, including the one in Summerville.  The closings are a result of the company’s acquisition by a United Kingdom-based sporting goods company, JD Sports Fashion, that was announced in April of this year.

The company also opened six new stores in the first quarter of 2024 and is closing under performing retailers.  The company operates 1,169 stores in thirty-six states. Hibbett’s first-quarter financial report shows only slight losses in both their brick and mortar stores and online sales.  Overall, online sales represented almost 14% of the company’s total revenues.

On April 23, 2024, Hibbett entered into a definitive agreement to be acquired by a subsidiary of JD Sports Fashion plc (“JD Sports”). Under the terms of the agreement, Hibbett stockholders will receive $87.50 in cash per share at closing.  According to the company, “The transaction with JD Sports is expected to create immediate, certain and substantial value for Hibbett stockholders while ensuring that Hibbett’s brands are well-positioned to continue to serve the customers and communities that have always been the central focus of Hibbett’s business. As previously disclosed, the transaction is expected to close in the second half of 2024, subject to Hibbett stockholder approval, receipt of required regulatory approvals”.

The location in Summerville, located at Hurley Crossing next to Marvin’s, opened in October of 2012.