Hibbett Sports Company History Timeline
1945: Rufus Hibbett founds Dixie Supply Co.
1949: Dixie Supply Co. begins selling school and team apparel.
1952: The company is renamed Hibbett & Sons after Ike and George Hibbett join their father's business.
1965: Hibbett opens a second store in Huntsville, AL, under the name Dyess & Hibbett
1969: The company name changes to Hibbett Sporting Goods, Inc.
By the end of fiscal 1993, Hibbett recorded combined sales of $32.03 million from 34 Hibbett Sports stores and four Sports Additions stores.
By the end of fiscal 1994, company sales had grown to $40.12 million from the operation of 41 Hibbett Sports and eight Sports Additions stores.
In October 1996 Hibbett completed an initial public offering (IPO) of its shares of common stock for $16 per share and traded on the NASDAQ under the symbol HIBB. The company accelerated its rate of new store openings to take advantage of the growth opportunities in its target markets.
During fiscal 1996, sales from Hibbett's 67 stores increased 28.3 percent to $67.1 million.
Hibbett opened 21 Hibbett Sports stores and one Sports & Co. superstore, thereby making the company the operator of 77 stores at the end of fiscal 1997; sales peaked at $86.4 million.
Advertising in the sports pages of local newspapers served as the foundation of its promotional program; in 1997 the major portion of the company's publicity budget was spent in this way.
1999: Hibbett surpasses all previous records for increases in net income, net sales, and number of store openings.
Sales for 2004 were expected to be about $375 million, setting a new record.
A combo of the 2012 Flyknit Racer and the Nike Air Max Pre-Day, the new Nike Air Max Flyknit Racer drops 7/14 at Hibbett | City Gear.
In January 2015, Hibbett Sports reported net annual sales of US$913M on total assets of US$452M.
In August 2017, the company announced the launch of its new e-commerce site, hibbett.com.
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Hibbett Sports may also be known as or be related to Hibbett Sporting Goods, Hibbett Sports, Hibbett Sports Inc, Hibbett Sports Inc. and Hibbett Sports, Inc.