Hibbett Sporting Goods, Inc. lost a total of three stores due to Hurricane Katrina and will be assessing insurance claims related to those stores. One of these stores is expected to re-open within the next six to eight weeks. An additional seven stores are currently closed, six of which sustained minor damage and are expected to open shortly. In total, approximately 50 to 60 of Hibbett's 508 stores have been affected by Hurricane Katrina to varying degrees with sales interruptions related to power outages in Alabama, Louisiana and Mississippi.
Mickey Newsome, chairman and CEO, noted, “Our first priority during this time is certainly the health and safety of our associates and customers in these affected areas and their families. We have joined with relief agencies in the region to provide assistance to those families.”
