Retailer hhgregg Continues to Turn Focus to Appliances
Appliances and electronics retail chain hhgregg, Inc., reported that comparable store sales of Appliances were up 6.1% in the third quarter of its current fiscal year (compared to the third quarter of its previous fiscal year). Appliances comps were up 6.8% in the first nine months of the fiscal year. The third quarter of the fiscal year ended Dec. 21, 2012.
While appliances were up, video products dragged results down. The retailer said it would continue to shift its focus away from video products and increasingly to appliances