JD Sports says billion-dollar Hibbett deal will accelerate growth in 'the largest sportswear market in the world'
JD is buying sports fashion retailer Hibbett for $1.1bn (£878m) and says the nkove will particularly benefit its growth in America's southeast. Hibbett is based in Birmingham, Alabama, with 1,169 stores in 36 states and leading brands including Hibbett and City Gear. Last year it saw a pre-tax profit of $131.6m on sales of $1.7bn.