JD Sports Fashion, the UK’s largest sportswear retailer, has announced its plans to acquire Hibbett, an American athletic fashion retailer, for approximately $1.08 billion. This move aims to broaden JD Sports’ presence throughout the southeastern United States. The acquisition will significantly boost JD Sports’ North American revenues and increase the region’s share of total sales from 32% to 40%. The takeover is expected to improve the British company’s earnings and generate cost savings of at least $25 million in the first full year following the purchase.