reports
hhgregg to Explore Strategic Alternatives
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. (NYSE: HGG) (“hhgregg” or the “Company”) today announced that it has engaged Stifel, Nicolaus & Co., Inc. and Miller Buckfire & Co., LLC, each subsidiaries of Stifel Financial Corp. (NYSE: SF) to pursue a range of potential strategic and financial transactions that will support the Company’s initiatives to improve liquidity and return to profitability. “We are committed to improving our results through our business strategy, including investments made to shift our focus to applian...
hhgregg Receives Continued Listing Criteria Notice from NYSE
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. (NYSE: HGG) (“hhgregg” or the “Company”) today announced that on January 31, 2017 it was informed orally by the staff of the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with Rule 802.01B and, by the next trading day, would not be in compliance with Rule 802.01C of the NYSE’s Listed Company Manual. On February 2, 2017, the Company received written notification from the NYSE (the “NYSE Letter”) confirming that the Company is not in compliance with Rule 802.01B...
hhgregg Helps Shoppers Win With The Best Deals For The Big Game
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, announced its Super Sale offering the best deals on TVs, home audio, furniture and appliances to help fans throw the ultimate viewing party for the Big Game. Now through February 4, 2017, shoppers can receive up to 40 percent off televisions, up to 25 percent off major appliances and up to 15 percent off all motion seating and recliners. To make new room for new models, all Closeout Items in-store are now available for 50 ...
hhgregg Announces Third Fiscal Quarter Operating Results
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. (NYSE: HGG) ("hhgregg" or the "Company") today announced operating results for the third fiscal quarter ended December 31, 2016. Third Fiscal Quarter Summary Net sales decreased 23.7% to $453 million compared to prior year third fiscal quarter. Comparable store sales decreased 22.2% compared to the prior year third fiscal quarter. Consumer electronics and distribution center consolidations were the primary...
hhgregg Announces Preliminary Third Fiscal Quarter Net Sales
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. ("hhgregg" or the "Company") (NYSE:HGG) today announced preliminary net sales results for the third fiscal quarter ended December 31, 2016. The Company also announced information on certain non-cash charges and details of its third fiscal quarter earnings conference call. All figures in this release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. hhgregg wi...
hhgregg Appoints Aaron Trahan as Chief Merchandising Officer
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg (NYSE:HGG) today announced that Aaron Trahan has been appointed Chief Merchandising Officer. Mr. Trahan has over 14 years of retail merchandising experience, including 10 years in a merchandising leadership role. Prior to joining hhgregg, Mr. Trahan served as Vice President of Merchandising at Conn’s Home Plus, where he was responsible for providing strong direction for process improvement, assortment optimization and profit maximization for their major appliance, consumer electr...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
hhgregg Announces Second Fiscal Quarter Operating Results
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. (NYSE: HGG) ("hhgregg" or the "Company") today announced operating results for the second fiscal quarter ended September 30, 2016. Second Fiscal Quarter Summary Net sales decreased 6.6% to $455 million compared to prior year second fiscal quarter. Online sales increased 35.5% compared to the prior year second fiscal quarter. Comparable store sales decreased 6.4% compared to the prior year second fiscal quarter. Appliance comparable store sale...
hhgregg Announces Information for Earnings Release of Second Fiscal Qu...
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg, Inc. ("hhgregg" or the "Company") (NYSE:HGG) today announced that it will release its operating results for its second fiscal quarter ended September 30, 2016 before the market opens on Tuesday, November 8, 2016. Company management will conduct a conference call to discuss its operating results later that same morning at 9:00 a.m. (Eastern Time). The call will be hosted by Robert Riesbeck, President and Chief Executive Officer, Kevin Kovacs, Senior Vice President and Chief Financial Officer, an...
hhgregg To Sell VIZIO Products
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg (NYSE:HGG), the place to shop for a vast selection of appliances, electronics and furniture at the most affordable prices this holiday season, announced today that all of its 220 brick-and-mortar stores will begin carrying VIZIO televisions, home theater displays and sound bars. VIZIO, one of the largest TV brands in the U.S., will be part of hhgregg’s assortment in all stores beginning Thursday, October 20. The lineup will include Smart TVs and displays from 24” to 70”, several 4K ...
hhgregg Announces Thanksgiving Day Closure
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg (NYSE:HGG), the place to shop for a vast selection of appliances, electronics and furniture at the most affordable prices this holiday season, announced today that all of its 220 brick-and-mortar stores will be closed on Thanksgiving this year. With this news, hhgregg takes a leadership role in the electronics industry, becoming the first major electronics retailer to announce Thanksgiving Day closure. “We stand behind our core values and beliefs of being a family-first company,”...
hhgregg to Hire 500 Store Associates In Advance of Holiday Surge
INDIANAPOLIS--(BUSINESS WIRE)-- The holiday shopping season is quickly approaching! Appliance, electronics and home furnishings retailer hhgregg is making it a priority to have their stores fully staffed with well-trained associates ready to assist shoppers vying for a spot at the front of the holiday shopping lines. To make the process seamless for potential employees, candidates can apply for a position by texting hhgregg to 51893 from their mobile phone and they will immediately receive a text back with a link to hh...
Football Trumps the Election
INDIANAPOLIS--(BUSINESS WIRE)-- With the election buzz in full swing, and seemingly on everyone’s mind, it won’t necessarily be what’s on everyone’s television set. A recent survey by appliances, electronics and furniture retailer hhgregg (NYSE: HGG) asked the question “For which election event would you host friends and family at your home?” to which the overwhelming response at 64% was, “None of the above, I’ll be watching the (football) game.” That answer beat out election night coverage (19%) and the presidential debates (18%), re...
hhgregg Adds Michael Andretti to Its Board of Directors
INDIANAPOLIS--(BUSINESS WIRE)-- hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, has added Michael Andretti of Andretti Autosport to its Board of Directors. Andretti currently serves as the chairman, president and CEO of Andretti Autosport, the team he co-founded in 2002 when he hung up his helmet and set out to parlay his on-track success into prosperous new business ventures. "Michael has proven to be a results-driven professional in both his racing and business careers," ...
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