hhgregg’s Assets Up For Grabs - Twice

hhgregg’s Assets Up For Grabs

Hilco Streambank banking on industry interest
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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 has its way.

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 has its way.

The disposition house for intellectual property is looking to auction off the bankrupt retailer’s trademarks, domain names, website and customer database.

The latter holds over 16 million customer files and 5 million emails, Hilco said.

“The hhgregg brand portfolio offers buyers the opportunity to instantly engage with a sizeable group of active customers and leverage a substantial catalog of products to strengthen market share in appliances and consumer electronics,” noted Hilco Streambank executive VP David Peress.

He added that the chain’s expansion into furniture and bedding further provides “significant value to retailers looking to gain or increase presence in these markets.”

The liquidator, a unit of Hilco Global, also handled the sales of the RadioShack, Circuit City, CompUSA and even the Santa.com  trademarks and domains.

Pending court approval, the assets will be sold under Section 363 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Indiana. Interested bidders can reach Peress at (781) 471-1239, or dperess@hilcoglobal.com.

A cursory check of hhgregg.com shows that 144 of the chain’s 229 stores are still open and holding fire sales. They’re all expected to close after Memorial Day weekend.

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