Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million - Retail TouchPoints

Hibbett Sports has acquired fellow athletic specialty retailer City Gear. Hibbett will pay $88 million in cash at the deal’s closing — and could potentially pay up to an additional $25 million over the next two years, depending on whether City Gear reaches certain performance-based targets. The Birmingham, Ala.-based Hibbett operates 1,059 stores in 35 […]

Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million

Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million

Kahlil Reid (@kahlilreid) / X

Kahlil Reid (@kahlilreid) / X

Hibbett Sports Acquires City Gear In Deal Worth Up To $113 Million