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hhgregg: Not Only Surviving, But Will Be Thriving

October 30, 2012

hhgregg is a regional appliance/electronics retailer that has been beaten down by over 60% in the last year. It operates all over the Eastern half of the United States. Investors are worried that the brick and mortar business model is dying, particularly in consumer electronics, and that HGG has a broken model. Its comp sales have been down for the last 3 years, Circuit City has failed recently, Best Buy is struggling and has also seen poor comps, Sears is on the ropes, and Amazon has been putting up 20%+ comps.



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hhgregg Giving Away 31 70" Sharp TVs
October 1, 2012 From News
hhgregg said Monday that it is giving away a 70-inch Sharp TV every day in October. The retailer will also give out a $1,000 gift card every day of the month.
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hhgregg Backs Away From Michigan
September 27, 2012 From News
hhgregg has dropped plans to expand into Michigan, according to a report in Crain's Detroit Business, as cited by the Indianapolis Business Journal. 




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