hhgregg Posts Preliminary Loss
hhgregg Tuesday, in its preliminary results, posted a net loss of between $5.7 million and $6.2 million, compared with $0.8 million the same time last year.
The numbers, the company said, were "negatively impacted by lower than expected revenues primarily within the video category."
The company reported sales of $490 million, a 13.5 percent increase over the same time the year before, which it attributed to the addition of 30 stores. Indeed, the company opened a new store in Pittsburgh this week.