JD Sports Set to Leverage Hibbett's Supply Chain Expertise in the U.S. -- Market Talk

Dow Jones04-23

1003 GMT - Synergies from JD Sports' latest U.S. acquisition will come from back-office integration and supply chains, Chief Executive Regis Schultz tells analysts in a call after the sportswear retailer agreed to buy American peer Hibbett. "Their warehouse in Alabama has more capacity to do more business so you can see easily a scheme where we can cover the full country in the most efficient way by leveraging their expertise in their supply chain as they serve the full country from Alabama," Schultz says. The group is building warehouses in the west and one more in the north, he added. This comes as the Indianapolis warehouse is saturated and can't provide the platform for the business's future growth, he said. JD Sports shares in London rose 6% to 125.5 pence and have fallen 24% year to date. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 06:03 ET (10:03 GMT)

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The group is building warehouses in the west and one more in the north, he added. This comes as the Indianapolis warehouse is saturated and can't provide the platform for the business's future growth, he said. JD Sports shares in London rose 6% to 125.5 pence and have fallen 24% year to date. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2024 06:03 ET (10:03 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Sports Set to Leverage Hibbett's Supply Chain Expertise in the U.S. -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Sports Set to Leverage Hibbett's Supply Chain Expertise in the U.S. -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1003 GMT - Synergies from JD Sports' latest U.S. acquisition will come from back-office integration and supply chains, Chief Executive Regis Schultz tells analysts in a call after the sportswear ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4558","symbol_name":"双十一","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429164335","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429164335","pubTimestamp":1713866580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1003 GMT - Synergies from JD Sports' latest U.S. acquisition will come from back-office integration and supply chains, Chief Executive Regis Schultz tells analysts in a call after the sportswear retailer agreed to buy American peer Hibbett. \"Their warehouse in Alabama has more capacity to do more business so you can see easily a scheme where we can cover the full country in the most efficient way by leveraging their expertise in their supply chain as they serve the full country from Alabama,\" Schultz says. The group is building warehouses in the west and one more in the north, he added. This comes as the Indianapolis warehouse is saturated and can't provide the platform for the business's future growth, he said. JD Sports shares in London rose 6% to 125.5 pence and have fallen 24% year to date. 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