Hibbett Sports Acquires City Gear

We represented Hibbett Sports, Inc. (Nasdaq: HIBB) in its definitive agreement to acquire City Gear – a specialty athletic apparel, accessory and footwear retailer headquartered in Memphis, Tennessee – for up to $113 million. Acting as a subsidiary of Hibbett Sporting Goods, Inc., City Gear will aid Hibbett Sports in its efforts to expand its customer base and service reach.

Headquartered in Birmingham, Alabama, Hibbett Sports is a specialty athletic fashion retailer with more than 1,000 stores nationwide. Hibbett offers specialty and exclusive athletic-inspired fashion ranging from apparel and footwear.

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