Hibbett Changes Corporate Name
Hibbett, Inc. (Nasdaq: HIBB) has officially changed its corporate name from Hibbett Sports, Inc., effective today. This rebranding reflects the company's shift towards athletic-inspired fashion, led by President and CEO Mike Longo. The new name emphasizes Hibbett's focus on delivering sought-after footwear and apparel, aiming to cater to underserved neighborhoods across the U.S. The company operates 1,071 specialty stores nationwide and continues to prioritize its omni-channel platform for customer accessibility.
- Rebranding to Hibbett, Inc. aligns with the strategy to focus on athletic-inspired fashion, potentially attracting a broader customer base.
- Maintaining 1,071 specialty stores across 35 states enhances market presence and accessibility.
- None.
Hibbett, Inc. (Nasdaq/GS: HIBB) (the “Company”), an athletic-inspired fashion retailer, announced that it changed its corporate name from “Hibbett Sports, Inc.” to “Hibbett, Inc.”, effective today. The Company’s ticker symbol, “HIBB”, will remain unchanged.
Mike Longo, President and Chief Executive Officer, stated, “Over the past several years, we have transitioned our corporate strategy to emphasize the athletic-inspired fashion merchandise that our customers covet. Our new corporate name of Hibbett, Inc. better reflects our consumer centric Toe-to-Head focus that leads with in-demand footwear and provides cross-category connectivity to our apparel and accessory offerings. While we will continue to offer select products for customers that participate in individual and team sports in a number of stores and through our best-in-class omni-channel platform, providing a compelling assortment of athletic-inspired fashion footwear, apparel, and accessories to underserved neighborhoods and communities across the United States will remain our primary focus.”
About Hibbett
Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with 1,071 Hibbett and City Gear specialty stores located in 35 states nationwide. Hibbett has a rich history of convenient locations, personalized customer service and access to coveted footwear, apparel and equipment from top brands like Nike, Jordan and adidas. Consumers can browse styles, find new releases, shop looks and make purchases online or in their nearest store by visiting www.hibbett.com. Follow us @hibbettsports and @citygear on Facebook, Instagram, and Twitter.
Disclosure Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by the Company with the Securities and Exchange Commission, including the Company’s recent Annual Report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210624005157/en/
FAQ
What is the new corporate name of Hibbett, Inc.?
What is the stock symbol for Hibbett, Inc.?
What is the focus of Hibbett, Inc. after the name change?
How many stores does Hibbett, Inc. operate?
What strategy is Hibbett, Inc. pursuing with its rebranding?
