Why did HHGregg fail?
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HHGregg collapsed earlier this year after failing to adapt to e-commerce and focusing too long on competitive product lines such as televisions and tablets. HHGregg pivoted to appliances under CEO Bob Riesbeck but could not boost sales quickly enough in that category to turn the company around.
What happened to HHGregg?
H.H. Gregg closed all stores in liquidation and had been operating as an online-only retailer since August that year, but it has since opened a new store in Somerset, New Jersey in 2019. Founded in Princeton, Indiana in 1955, H. H. Gregg was headquartered in Indianapolis, Indiana when it ceased operating.
Is HHGregg going out of business?
H.H. Gregg has made its return to physical retail. After 64 years in business, the electronics retailer filed for bankruptcy in 2017.
What is HHGregg?
hhgregg (NYSE: HGG) is a leading specialty retailer of home appliances, consumer electronics, home entertainment furniture, mattresses, fitness equipment and related services operating under the name h.h.gregg(TM) and Fine Lines(TM).
How many HHGregg stores are there?
HHGregg has a total of 220 stores in 19 states.
Do HHGregg sell TVs?
Explore a wide range of TVs & Home Theater at hhgregg.
When did HHGregg close?
May 25, 2017H. H. Gregg / Ceased operations
Who started HHGregg?
HHGregg was founded in 1955 by Henry Harold and Fansy Gregg in Indianapolis. The store featured home appliances and soon began selling electronics such as televisions. Gregg’s sons, Gerald Throgmartin and Don Throgmartin joined the company in the late 1960s.
Who took over HHGregg?
Valor LLC
The regional consumer electronics chain is now owned by holding company Valor LLC, which outbid Sears for hhgregg’s intellectual property rights at a bankruptcy auction.
Who bought HHGregg?
Citimark
INDIANAPOLIS — Citimark has acquired the former headquarters of hhgregg Inc. and announced plans to redevelop the 27-acre property on the far north side of Indianapolis.
Who bought out HHGregg?
INDIANAPOLIS — Citimark has acquired the former headquarters of hhgregg Inc. and announced plans to redevelop the 27-acre property on the far north side of Indianapolis.
When was HHGregg founded?
April 15, 1955, Princeton, INH. H. Gregg / Founded