In second-quarter fiscalthe company introduced three stores and rebranded four Hibbett stores to City Gear.
Current technology will soon be outdated and replaced by these new devices. It remains focused on increasing customer base by connecting with more customers through e-commerce and selective store expansion.
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Hibbett is on track with store expansion and inventory-management initiatives. Markedly, the company witnessed strong online show amid the coronavirus pandemic, which contributed to the top line in second-quarter fiscal The company has a target of growing to more than 1, stores in underserved markets.
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The company is gaining from small market strategy as it continues to strengthen presence across the country. We note that shares of this Zacks Rank 1 Strong Buy company have surged The report is only available for a limited time. The store is deed according to an open concept.
Apart from these store-rationalization efforts the company is encouraged by the progress it is making on e-commerce front and expansion of loyalty program. Following the opening of the said store, this major athletic-inspired retailer will now have eight locations in West Virginia.
Notably, online sales advanced Early investors could see gains similar to buying Microsoft in the s. Hibbett targets expansion in markets that offer increased potential for future growth. This is evident from the opening of a newly-relocated 5, square foot boutique-style store in Morgantown, WV. Further, Hibbett is leveraging its omni-channel capabilities such as home delivery, buy online and pick-up in store, reserve online and pick-up in store, buy online ship to store facility, same day delivery and mobile app services to fulfill online orders and serve customers.