JD Sports, the leading British sportswear retailer, has announced the acquisition of its American counterpart, Hibbett, for a substantial $1.1 billion (£878 million). This strategic move is expected to significantly accelerate JD’s growth in the lucrative North American market. The acquisition will expand JD’s presence in the US by adding Hibbett’s extensive network of 1,169 stores across 36 states. Furthermore, the deal will bolster JD’s relationships with major suppliers like Adidas and Nike.
