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JD Sports Pulls Hip From UK High Street

The group says the brand will move to online-only as part of a push to concentrate on fewer, larger stores to shore up profits.

Overview

  • The final two Hip shops closed this week, with the Manchester Thomas Street store shut on June 28 and the long-standing Leeds Vicar Lane outlet closed at the end of June.
  • JD Sports will keep Hip as an online-only label selling through the brand’s website rather than operating physical stores.
  • Reports say the Leeds Vicar Lane site is set to be taken over by Size?, a retailer within the JD Sports group, though that point has limited independent confirmation.
  • The move follows wider retrenchment by JD Sports after it closed 24 UK stores earlier this year and faces falling annual earnings, a company trend it links to weaker consumer trading.
  • JD has told media it is acting because of weaker profits and rising cost uncertainty from global tensions, a strategy that signals more store pruning, potential local job losses and a continued shift from high-street retail to e-commerce.