hhgregg
Retail
hhgregg’s Creditors Going After Former Officers, Directors
Management team can expect a mismanagement suit.
Appliances
2018 Top 50 Major Appliance Retailers Report: The Gift That Keeps On Bleeding
What’s been the biggest boon to appliance retailers this past year?
news
Danby To Dealers: hhgregg’s Pain Is Independents’ Gain
Don’t get Jim Estill wrong. The CEO of compact appliance resource Danby finds no joy in hhgregg’s dissolution. But that’s not to say you...
Industry
Riesbeck, Schuetz And Trahan Out At hhgregg
The top guy at hhgregg and two of his senior officers have officially been shown the door. Former president/CEO Robert Riesbeck was formally terminated...
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hhgregg Is No More
hhgregg is finally out of its misery, although the pain is just beginning for thousands of former employees. The once multiregional CE, appliance, bedding...
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hhgregg’s Assets Up For Grabs
hhgregg may be about to close the last of its stores, but that won’t be the last you’ll hear of it if Hilco Streambank...
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hhgregg Gives Notice To HQ Staff As RadioShack Winds Through Bankruptcy Court
It’s still hard to believe that hhgregg is going away. But if we need any further proof beyond the liquidation sales, there’s the company’s...
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hhgregg To Begin Liquidating
Unable to find a buyer by today’s deadline, hhgregg will begin liquidating its assets this weekend and expects to shut its doors for good...
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hhgregg Prepares To Liquidate
hhgregg has lined up liquidators Tiger Capital and Great American to begin going-out-of-business sales if it is unable to find a buyer by Friday....
Keeping Current
hhgregg Cash Squeeze Causes Fulfillment Snags For Customers
According to this report by an ABC-TV affiliate in Cleveland, hhgregg customers have waited as long as three months for big-ticket deliveries before being...
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hhgregg Bankruptcy Buyout Falls Through
Updated! In another setback for hhgregg, the anonymous bidder that had agreed in principal to buy the beleaguered retailer out of bankruptcy has backed...
Keeping Current
Wanna Buy hhgregg? You Have Until April 21
In its Chapter 11 filing, hhgregg indicated that it has lined up an unnamed stalking horse bidder that appears “committed” to buying the ailing...
news
hhgregg Files Chapter 11
hhgregg is filing for Chapter 11 protection today with plans to restructure. The petitions were filed in the U.S. Bankruptcy Court for the Southern...
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hhgregg Closing 40% Of Its Stores
March 7 Update: hhgregg is filing Chapter 11. hhgregg is closing 88 of its 220 stores and exiting four major markets in a retrenchment...
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NYSE Suspends Trading Of hhgregg Stock
The New York Stock Exchange (NYSE) has halted trading of hhgregg shares, pending the release of “material news.” The troubled retailer is reportedly preparing...
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hhgregg May File For Bankruptcy Next Month: Report
hhgregg is reportedly preparing to file for bankruptcy. Unnamed sources familiar with the matter told the local Indianapolis Business Journal that the Chapter 11...
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hhgregg In Play
hhgregg may be heading toward a restructuring or sale. According to an 8-K filing with the Securities & Exchange Commission (SEC), the struggling appliance...
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hhgregg’s Robert Riesbeck On What Went Wrong And What’s Going Right
Following another disconcerting quarter of poor sales and deepening losses, hhgregg president/CEO Robert Riesbeck laid his cards on the table for the hometown Indianapolis Business...
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hhgregg Facing NYSE Delisting
hhgregg could be delisted from the New York Stock Exchange (NYSE) in six months if it can’t get its stock price up to at...
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hhgregg Reports $58M Net Loss For Holiday Quarter
Dismal holiday-period sales led to deepening losses at hhgregg. The Indianapolis-based chain reported a net loss of $58.3 million for its fiscal third quarter,...
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2016 Newsmakers of the Year: Earning His New Pay Grade
hhgregg’s Robert Riesbeck may have taken on more than he bargained for when assumed the top slot at hhgregg. The Indianapolis- based CE, appliance...
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hhgregg Pitching Half-Price TVs For Black Friday
It’s gonna be a flat-panel Thanksgiving at hhgregg. The 220-store appliance, CE and home furnishing chain has unveiled a deluge of discounted TVs in...
Financial
Losses Steepen At hhgregg
It was a rough quarter for hhgregg. The 220-store appliance, CE and home-furnishing chain reported a net loss of $18.4 million in its second...
Industry
Help Wanted: hhgregg Seeks Successor To Chief Merchant Keith Zimmerman
hhgregg’s chief merchandising officer Keith Zimmerman has left the company after nearly two years in that post. His departure comes as retailers enter their...
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hhgregg Adds Vizio TVs, Displays And Soundbars
Updated!hhgregg has added Vizio to its A/V assortment. The multiregional CE, appliance and home-furnishings chain has begun carrying Vizio’s competitively priced TVs, 4K Ultra...
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Black Friday Watch: hhgregg Joins Thanksgiving Day Boycott
Updated! hhgregg is the latest electronics/appliance retailer to join the Thanksgiving Day backlash. The chain, which last year launched its in-store Black Friday sales...
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hhgregg Extends Store Closings To Chicagoland
hhgregg’s Wisconsin store closures are extending into Illinois. The chain, which is shutting all five Badger State stores, will also close a location in...
Industry
hhgregg’s New President Picks His Cabinet
Updated! It’s been a busy summer for newly appointed president/CEO Robert Riesbeck, who has wasted no time filling key senior management positions. Assuming Riesbeck’s...
Financial
hhgregg Lessening Losses, Stemming Sales Declines
hhgregg appears to be coming out of its tailspin. Under the watch of formally appointed CEO Robert Riesbeck, the multiregional appliance, CE and furniture...
Industry
hhgregg Makes Robert Riesbeck CEO
It’s official: Robert Riesbeck is the new boss at hhgregg. Riesbeck, who joined the chain in 2014 as chief financial officer, stepped in as...
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hhgregg YouTube Video Goes Viral
While most folks are only too quick to hit the “skip ad” button on YouTube, more than 1.4 million viewers have actually sought out...
Industry
Management Shakeup Continues At hhgregg With Departure Of Jeff Pearson
hhgregg marketing and e-commerce exec Jeff Pearson has left the company after ten years, in a continuation of senior management shakeup under interim CEO...
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hhgregg Betting Big On Luxury Appliances With Fine Lines Surge
hhgregg is finally going wide with its Fine Lines premium appliance shops. To date, the company only operates 14 of the stores, which were...
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What hhgregg’s Riesbeck Is Doing To Stop The Bleeding
Following the release of rather dour fourth-quarter results yesterday, hhgregg’s chief financial officer and interim CEO Robert Riesbeck filled in analysts on what he’s...
Financial
hhgregg Narrows Q4 Loss
Struggling multiregional CE, appliance and furniture chain hhgregg managed to staunch some of its red ink during the fourth quarter. The net loss for...
Industry
hhgregg CIO Trent Taylor Departs
hhgregg, the troubled multi-regional retailer, has lost another senior-level executive. Trent Taylor, the chain’s chief information officer, resigned yesterday “to pursue other opportunities,” the...
Industry
Dennis May Resigns From hhgregg; Robert Riesbeck Named Interim CEO
Dennis May has resigned as president/CEO from hhgregg. The retailer announced the news Tuesday evening. According to an 8-K filed today with the Security...
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hhgregg Spoofs Late-Night CD Compilations In Punny Ode To Appliances
Amid cutbacks to its media spend, hhgregg has taken to cyberspace to promote appliances in a witty parody of late-night song compilations. Just in...
Financial
hhgregg Reports Another Quarterly Loss
Multiregional majap, CE and home-furnishings chain hhgregg reported a $26.9 million net loss in its fiscal third quarter as a hard-fought holiday season took...
news
Holiday Promos Hurt Sales At hhgregg, Conn’s
Fierce holiday discounting and month-long “Black November” promotions took a toll on two of the industry’s largest multiregional big-box chains. hhgregg president/CEO Dennis May...