Nike, Adidas, and HOKA will soon be sold in JD Sports thanks to Hibbett’s $1 billion buy

The acquisition comes at a time when sports retailers are scrambling for profit.

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain’s biggest sportswear retailer looks to expand across the southeastern U.S.