HiFi House Closes
Philadelphia-area home entertainment retailer and integrator HiFi House has ceased operations after nearly 60 years in business, Dealerscope has learned. An HTSA member, HiFi House operated three locations, its flagship in Broomall, Pa., as well as in Jenkintown, Pa. and Wilmington, Del.
“As of June 4, 2014, HiFi House has ceased current operations,” according to a recorded message left on the company’s main number Wednesday.
HiFi House opened in 1955, and president/CEO was Jon Robbins, who joined the company in 1976 and led it for more than 35 years. When reached, Robbins said he had no comment.
UPDATE: HTSA president Bob Hana issued a statement later Wednesday in reaction to the news.
“Unfortunately this morning we’ve heard the news that HiFi House was forced to close their doors. While HiFi House’s sales were steadily increasing, their bank had grown impatient with their situation and has forced them to begin liquidation proceedings immediately. This is not a reflection of our industry nor HTSA in general, but rather just another one of the unfortunate stories that has occurred a few too many times over the past 5 years. It is our hope that other local HTSA members will engage where possible to assist HiFi House clients where this makes sense.
“On the other hand, we are focused on the positive momentum we have as an organization and our planned events for HTSA. We’ve expanded our staff to improve on events and are excited about the upcoming Marketing Summit in July as well as our future activities at CEDIA. Shortly we will also have more news of new dealers joining HTSA. So we move onward and upward, but of course, wish this was not the case with HiFi House as Jon Robbins has been a key, instrumental contributor to HTSA and our industry for many, many years.”