The Birmingham, Alabama-based sportswear retailer reported a 21.4% decrease in net sales for the first quarter on Tuesday, as a peak in online revenues helped to temper declines related to temporary store closures.
The retailer has announced the appointment of former Target EVP and chief legal officer Timothy Baer and former chief strategy and transformation officer at Southeastern Grocers Dorlisa Flur to its board of directors.
The Birmingham, Alabama-based sportswear retailer announced on Monday that Mike Longo, CEO of its recently acquired City Gear brand, will be taking over as president and CEO of the company effective immediately.
The sportswear retailer reported a 27% increase in Q3 sales on Friday and saw significant progress in its bottom line, beating analysts’ predictions as its recently acquired City Gear business continues to boost growth.
The Birmingham, Alabama-based sportswear retailer announced on Wednesday that it has appointed Scott Humphrey as its new interim chief financial officer, making him the second executive to take on the role since April.
Hibbett Sports’ recently acquired City Gear banner helped the Birmingham, Alabama-based sportswear company to a 19.6% rise in second-quarter sales, but a range of one-off charges widened losses at the retailer.