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...
hhgregg
news
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...
news
hhgregg Holding 4K Home Theater Giveaway Today
In its first post-Black Friday promotion, hhgregg is conducting a one-day Samsung sweepstakes that is sure to brighten somebody’s yuletide. The regional CE, appliance...
news
hhgregg Starting Weekend Sales Tonight
In the holiday game of early-sale one-upmanship, hhgregg is scoring points by kicking off its weekend event this evening. Beginning online only at 9 p.m....
news
hhgregg Touting TVs And Appliances For Black Friday
Multiregional retailer hhgregg is using equal parts TV and major appliances for its Thanksgiving and Black Friday sales events. Turkey Day promotions will run...
news
hhgregg Kicking Off Black Friday On Thanksgiving
Multiregional CE, appliance and home-furnishing chain hhgregg will once again open its doors on Thanksgiving, preempting Best Buy by an hour with sales starting...
Financial
Cost Cuts, Home Furnishings Lessen hhgregg’s Q2 Losses
hhgregg reported a $10.1 million net loss for its second fiscal quarter and lower net and comp store sales, but narrowed the rate of...
news
hhgregg Halts New Store Openings And Other Reveals From CEO Dennis May
hhgregg has put its plans to become a nationwide chain on temporary hold, CEO Dennis May said. In an interview with the company’s hometown...
Blogs
hhgregg: Sixty Years Of Kitchen Culture
As hhgregg celebrates its 60th anniversary, the CE, appliance and furniture chain recounts the innovations that have revolutionized the heart of the home. The...
news
hhgregg Trying Room Vignettes, Samsung Sections In Florida Stores
hhgregg is taking a different merchandising tack in the Orlando and Tampa markets. Instead of the “wall-to-wall product stacks” common to big-box chains, the...
news
hhgregg Gears Up For Holiday 2015 With Hiring Push
Indianapolis — The early bird catches the gig. hhgregg is getting a jump-start on its holiday hiring period, announcing it plans to hire more...
Financial
Conn’s, hhgregg Paint Tale Of Two Cities
New York — First-quarter financial results from two multiregional CE and appliance chains this morning provide starkly different snapshots of the marketplace. For Texas-based...
Financial
hhgregg Losses Widen, Store Closures Considered
Updated! Indianapolis — Higher expenses and lower sales led to a $25.2 million loss for hhgregg in its fiscal fourth quarter, prompting the company...
Industry
hhgregg Chairman Michael Smith To Step Down
Indianapolis – Michael Smith will leave hhgregg’s board this summer after three years as chairman and 10 years as a director. No successor was...
news
hhgregg Cuts Top Marketing Post
Indianapolis – hhgregg chief marketing officer Julie Lyle has left the company after 15 months, and her position has been eliminated. Lyle, who held...
Financial
hhgregg Posts Dour Holiday Quarter
Indianapolis – Sharp declines in hhgregg’s computer, tablet and TV businesses, and its exit from the mobile and fitness categories, led to lower sales...
Financial
hhgregg Holiday Sales Slip 6%
Indianapolis — hhgregg said its net and comp sales both declined about 6 percent for the three months ended Dec. 31, amid sharply lower...
Industry
P.C.’s Zimmerman Joins hhgregg
Indianapolis — Industry veteran Keith Zimmerman has joined hhgregg as chief merchandising officer. He held the same post at P.C. Richard & Son for...
news
hhgregg Plays To Procrastinators
Indianapolis — hhgregg is planning a slew of last-minute promotions to capture holiday procrastinators, who comprise the majority of shoppers. According to a survey...
Industry
hhgregg’s Chief Merchant Resigns
Indianapolis – hhgregg is without a chief merchandising officer for the second time in two years. Jeffery Haines, a former ad industry exec and...
news
hhgregg Joins Thanksgiving Openings
Indianapolis — hhgregg said it will open its doors at 4 p.m. on Thanksgiving. The retailer will then shut its doors at midnight and...
Financial
hhgregg Takes Q2 Drubbing
Indianapolis — hhgregg posted another disappointing quarter as it continues to remerchandise its stores and invest in infrastructure. The multiregional CE, majap and furniture...
news
Walmart Hikes Holiday Hires
Bentonville, Ark. – Walmart plans to hire 10 percent more temporary workers for the holiday season, suggesting expectations for a more robust fourth quarter....
Industry
hhgregg Names New CFO
Indianapolis — hhgregg has appointed Robert Riesbeck chief financial officer, effective Sept. 15. Riesbeck, formerly operations executive and group chief financial officer at Sun...
Financial
hhgregg’s Fiscal Q1 Report Disappoints
Indianapolis — hhgregg had a disappointing fiscal first quarter with a deeper net loss, a 10 percent drop in net sales and a similar...
news
hhgregg Tops In Majap Satisfaction Study
INDIANAPOLIS — hhgregg ranked highest in customer satisfaction in a J.D. Power assessment of major appliance retailers. The multiregional majap, CE and home-furnishings chain...
news
Investment Group Maintains 47% Stake In hhgregg
Indianapolis — hhgregg’s largest stakeholder is holding firm. Freeman Spogli & Co., a Los Angeles-based private equity firm, continues to hold 47.4 percent of the...
Financial
hhgregg: Weather Hurt Chain In Fiscal Q4
Indianapolis – hhgregg’s sales and earnings slid during its fiscal fourth quarter amid extreme weather that impacted most of its stores. The multiregional majap,...
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