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Hibbett, Inc. (Symbol: HIBB) is a prominent player in the retail sports goods industry, with its headquarters nestled in Birmingham, Alabama. The company has grown significantly since its humble beginnings as a neighborhood sporting goods store, now boasting over 1,080 stores across 35 states. Despite its expansion, Hibbett, Inc. remains committed to its core philosophy - 'It's all about the customer.'
Hibbett, Inc. operates through three main retail formats: Hibbett Sports, City Gear, and Sports Additions. Hibbett Sports is the primary format, offering a wide range of sporting goods, including apparel, footwear, accessories, and equipment for team sports. City Gear and Sports Additions are smaller-format stores that primarily focus on athletic footwear with a fashion-forward approach.
The company's product lineup is impressive, featuring top brands such as Nike, Under Armour, Adidas, The North Face, Jordan, and Costa. These brands ensure that customers have access to the latest products and exclusive items that are harder to find, helping athletes and sports enthusiasts stay ahead of the competition.
Hibbett, Inc. has not only focused on its product offerings but also on creating an exceptional shopping experience. The knowledgeable staff in their stores are dedicated to helping customers reach their next level of play, whether they are shopping for themselves or an entire team. This personalized customer service ethos is a key differentiator in the competitive retail landscape.
Financially, Hibbett, Inc. has demonstrated robust performance, leveraging its strategic presence in the South, Southwest, Mid-Atlantic, and Midwest regions of the United States. The company's growth is driven by its ability to adapt to market trends and consumer preferences, ensuring that it remains relevant in an ever-evolving market.
In recent developments, Hibbett, Inc. has continued to innovate and expand its product offerings and store formats. The company is constantly exploring new partnerships and collaborations with leading brands to enhance its product range and appeal to a broader audience. This forward-thinking approach positions Hibbett, Inc. as a dynamic and resilient player in the retail sports goods industry.
Stay updated with the latest news and developments from Hibbett, Inc. to keep a pulse on their performance, new product launches, and strategic initiatives. Whether you're an investor, a customer, or a sports enthusiast, Hibbett, Inc. offers a wealth of opportunities and insights.
Hibbett, Inc. (NASDAQ: HIBB) is set to release its third quarter earnings for the year ending October 30, 2021, on December 3, 2021, before the market opens. A live webcast detailing the earnings will occur on the same day at 10:00 a.m. ET. Hibbett operates nearly 1,100 specialty stores across 35 states, offering athletic-inspired fashion products from leading brands.
Hibbett, Inc. (NASDAQ:HIBB) announced the release of the latest episode of its sneaker culture series, Small-Town Sneakerhead (STSH), featuring Inder Lahil from Murphy, Texas. Launching on November 11 and 12, 2021, the series highlights sneaker collectors’ stories from small towns. Hibbett aims to showcase diverse backgrounds within sneaker culture, emphasizing passion and education. Inder, a software engineering graduate, shares his journey as a sneakerhead and his dedication to Jordan Brand. This episode continues Hibbett's commitment to celebrating sneaker culture.
Hibbett (NASDAQ:HIBB) has announced the opening of its newest store in Grand Prairie, Texas, on October 16, 2021. Located in the Epic Town Crossing Shopping Center, this boutique-style store spans over 4,600 square feet and caters to the local community with a selection of exclusive footwear and athletic apparel from brands such as Nike and Jordan. Customers can enjoy various shopping options including curbside pickup and a loyalty program. The grand opening will feature promotions and door prizes for attendees.
Hibbett (NASDAQ:HIBB) has announced the opening of its second store in Kansas City, located at 8678 E. 63rd Street. The grand opening is set for September 25, 2021, featuring a boutique-style layout with over 6,100 square feet of space. The store will offer a wide selection of footwear and apparel from top brands like Nike and adidas, along with shopping conveniences such as curbside pickup and a customer loyalty program. District Sales Manager Mike Narug emphasized the aim to enhance community service and attract local sneaker enthusiasts.
Hibbett (NASDAQ:HIBB) has opened its first store in Fullerton, California, marking a significant expansion into Orange County. The store, situated at 1365 S. Harbor Blvd., spans 6,300 square feet and focuses on premium athleisure and footwear.
The grand opening celebration is set for September 18, 2021, featuring door prizes and special promotions. Customers can enjoy various shopping options including Buy Online Pick Up In Store, and a loyalty program called Hibbett Rewards. This new location aims to serve sneaker enthusiasts and families alike.
Hibbett, Inc. (NASDAQ: HIBB) has promoted Jared Briskin to Executive Vice President of Merchandising, effective immediately. Briskin, who has been with the company since April 1998, holds extensive experience with previous roles including Senior Vice President and Chief Merchant. CEO Mike Longo praised Briskin's contributions to the company, stating he will lead efforts in supply chain management to enhance Hibbett|City Gear's market position. The company operates 1,080 stores across 35 states and is recognized for its strong customer service and brand offerings.
Hibbett (NASDAQ:HIBB) has launched a new episode of its digital series, Small-Town Sneakerhead, featuring Chelsea Dortch from Elkton, Kentucky. This series showcases sneaker culture through the stories of rural collectors. The episode, split into two parts, will air on September 2 and September 3, 2021, across various digital platforms. VP Marketing Sarah Sharp-Wangaard highlighted the series' popularity among fans and sneaker collectors, emphasizing its focus on diverse voices in sneaker culture.
Hibbett, Inc. (Nasdaq: HIBB) reported strong second quarter earnings with diluted earnings per share of $2.86 and a net income of $46.7 million, reflecting a 15.6% increase from last year. Despite a 6.4% decline in comparable sales, the company saw a two-year comp increase of 72.8%. Gross margin improved to 39.0%% of net sales. For the first half of fiscal 2022, net sales rose 30.2% year-over-year, and the company updated its full-year earnings forecast to between $11.00 and $11.50 per share amidst ongoing supply chain challenges.
Hibbett (NASDAQ:HIBB) announced the opening of its second store in Raleigh, North Carolina, located at Poyner Place, with the grand opening set for August 28, 2021. The store spans over 4,600 square feet, showcasing a wide range of footwear and athletic apparel from brands like Nike and Adidas. Customers can enjoy various shopping options, including Buy Online Pick Up In Store and curbside pickup, along with the Hibbett Rewards loyalty program. The new location aims to enhance customer experience with upscale amenities and exceptional service.
On August 18, 2021, Hibbett (NASDAQ:HIBB) announced a $20,000 donation to Minor Middle School in Adamsville, facilitated in partnership with Jordan Brand. The funds will support essential needs like new musical instruments, library improvements, and physical education equipment. Each 8th-grade student received a Haddad Backpack from Jordan Brand. Principal Martinius Everett highlighted the donation's significance for the band program, and Hibbett's VP of Marketing, Sarah Sharp-Wangaard, emphasized their commitment to supporting education and sports in the Birmingham community.
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