completed its acquisition<\/a> of American retailer Hibbett in a deal with an enterprise value of $1.11 billion. In its trading update on Thursday, the company called Hibbett a \u201cgreat addition\u201d to its Complementary Concepts segment in North America and adds material scale and presence in the U.S. through its 1,179 stores.<\/p>\n<\/p>\n
<\/p>\n
The company noted that the acquisition also provides an enhanced platform for the mall-led, nationwide growth of the JD brand in North America through its efficient supply chain and strong back office.<\/p>\n
<\/p>\n
<\/p>\n
During the first half, the company said it opened 85 new JD stores, which along with the Hibbett acquisition and the ongoing disposal of non-core stores, meant it ended the first half with 4,506 stores, up 1,189 from the start of the year. <\/p>\n
<\/p>\n
<\/p>\n
\u201cOur strategy is very clear,\u201d Schultz told analysts on Thursday\u2019s call. \u201cWe believe that there is a strong community market in the U.S. This is a major investment that we are making in the U.S., [aimed at] developing JD as a global brand.\u201d<\/p>\n
<\/p>\n
\n<\/p>\n
<\/p>\n
<\/p>\n
\n<\/p>\n","protected":false},"excerpt":{"rendered":"
This sentiment follows JD\u2019s announcement earlier this month that it has expanded its relationship with Nike.<\/p>\n","protected":false},"author":190673879,"featured_media":1203671749,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"authors":[],"contributors":[],"styled_by":[],"_image_credit":"","_wp_attachment_image_alt":"","pmc_selected_wwd_video_media":"","pmc_top_video_source":"","pmc_top_video_duration":"","wwd_top_video_source":"","wwd_top_video_duration":"","pmc_selected_featured_media":"","pmc_selected_video_media":"","pmc_selected_variety_video_media":"","variety_top_video_source":"","variety_top_video_duration":"","pmc_featured_media_has_alt_text":true,"_pmc_featured_animated_media_id":0,"_pmc_featured_video_override_data":"","_pmc_featured_video_override_url":"","pmc-gallery-linked-gallery":{},"pmc_list_item_description":"","primary_category":"","primary_vertical":"","_mt_pmc_exclude_from_seo":"","pmc-gallery":[],"categories":179,"subcategories":84144,"mt_seo_title":"JD Sports Q2 2025 Earnings: 'Nike Will Be Fine' + North America Grows","mt_seo_description":"JD Sports Q2 2025 earnings are here: the sports retailer continues to report sales growth in North America and is confident in Nike's future.","mt_pmc_exclude_from_seo":"off","_pmc_canonical_override":"","instant_articles_should_submit_post":false,"_sailthru_selected_alerts":[],"_sailthru_send_override":false,"_sailthru_alert_subject":"","_sailthru_breaking_news_meta_data":[],"experimental_features_inline_styles":"","linked_video_id":"","pmc_hubs_hide_header":false,"override_post_title":"","override_post_excerpt":"","apple_news_api_created_at":"2024-08-22T18:11:09Z","apple_news_api_id":"385e0fa1-6672-4b7b-942d-f13fab1a67c5","apple_news_api_modified_at":"2024-08-22T20:34:59Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAQ==","apple_news_api_share_url":"https:\/\/apple.news\/AOF4PoWZyS3uULfE_qxpnxQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":"[]","_pmc_automated_related_links":{"settings":{"module_name":"Related","hide_box":0},"data":[{"url":"","id":"","title":"","automated":true},{"url":"","id":"","title":"","automated":true},{"url":"","id":"","title":"","automated":true}]},"overlay_text_placement":[],"overlay_text_one":[],"overlay_text_two":[],"kicker_meta_block_field":[],"_pmc_kicker":[],"pmc_multiple_products_title":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[179,84144],"tags":[378240031,378236126,378240020],"post_format":[],"_post-options":[],"pmc_ads_suppression":[],"editorial":[],"ep_custom_result":[],"coauthors":[378249663],"jetpack_publicize_connections":[],"apple_news_notices":[],"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"JD Sports CEO Says \u2018Nike Will Be Fine\u2019 as the Retailer Continues to See Q2 Sales Grow in North America","url":"http:\/\/footwearnews.com\/business\/earnings\/jd-sports-q2-2025-earnings-nike-north-america-1203679365\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/footwearnews.com\/business\/earnings\/jd-sports-q2-2025-earnings-nike-north-america-1203679365\/"},"thumbnailUrl":"https:\/\/footwearnews.com\/wp-content\/uploads\/2024\/08\/JD-and-Nike-Connected-12.jpg?w=150","image":{"@type":"ImageObject","url":"https:\/\/footwearnews.com\/wp-content\/uploads\/2024\/08\/JD-and-Nike-Connected-12.jpg"},"articleSection":"Earnings","author":[{"@type":"Person","name":"Stephen Garner"}],"creator":["Stephen Garner"],"publisher":{"@type":"Organization","name":"Footwear News","logo":"https:\/\/footwearnews.com\/wp-content\/uploads\/2018\/04\/cropped-fn_favicon2.png"},"keywords":["earnings","jd sports","nike","business"],"dateCreated":"2024-08-22T18:10:47Z","datePublished":"2024-08-22T18:10:47Z","dateModified":"2024-08-22T20:34:43Z","pmc-gallery-linked-gallery":{}},"rendered":"