We are in the final days of hhgregg, the bankrupt appliance, electronics, and furniture retailer, conjuring that mixture of sadness and aggressive bargain-hunting that happens at the end of any retail operation. What’s left in the stores? If the one in Cincinnati is any indication, there’s nothing left but appliances that are dented or even mangled. [More]
hhgregg
Home Depot Helping To Speed Up Sears’ Death Spiral
By 5.18.17 — Updated: 5.19.17
Sears has been closing stores and selling off real estate to stave off its oft-predicted demise, but these closures and other financial decisions may also be hastening Sears’ end by turning annoyed shoppers into Home Depot customers. [More]
Demise Of hhgregg Means You’ll Buy Your Next Fridge From Best Buy
By 4.11.17
The bankruptcy and liquidation of hhgregg is terrible for the retailer’s employees and retail landlords, but someone may benefit from the retailer’s downfall. Best Buy has a national presence and a large overlap with what hhgregg sells, and is in a position to pick up some of the retailer’s former customers the next time that they need a fridge or a computer. [More]
hhgregg Stores Are Closing After Bankrupt Retailer Can’t Find Buyer
By 4.10.17 — Updated: 5.9.17
Up until 5 P.M. on Friday, appliance retailer hhgregg was waiting for a buyer to swoop in and save it from liquidation. The appliance, electronics, and furniture retailer could find someone to buy its business as a going concern, keeping at least some of its stores open, or it could liquidate and close. Store closing sales began on Saturday. [More]
hhgregg Needs A Buyer This Week, Or It’s Liquidating
By 4.3.17
hhgregg, the appliance and furniture store whose name we have capitalized correctly, needs someone to save it. Very soon. The company needs to find a buyer this week, or it will begin its going out of business sales on Saturday, April 8. [More]
Anonymous Bidder For hhgregg Backs Out Before Bankruptcy Auction
By 3.17.17
When hhgregg filed for bankruptcy, the appliance and electronics retailer said it already had one possible, unidentified buyer lined up, ready to bid in the eventual auction. Alas, that bidder has reportedly backed out, leaving behind clues to its identity. [More]
hhgregg Closing 88 Stores And 3 Distribution Centers: Here’s The List
By 3.2.17 — Updated: 5.10.17
hhgregg, a retailer whose name we assure you we have capitalized correctly, is closing 40% of its stores across the country. The company calls this a plan to “advance turnaround,” while its stock has been delisted from the New York Stock Exchange for having too low a share price, and rumors swirl that it’s planning to file for bankruptcy protection. [More]
hhgregg Reportedly Considering Bankruptcy, Other “Strategic Initiatives”
By 2.24.17
Appliance and electronics retailer (and lower-case letter enthusiast) hhgregg has been in trouble financially for a while now, having lost money in each of the last 13 quarters. While the company is trying to avoid a bankruptcy filing, maybe you should dig out any gift cards that you have and use them now. [More]
Nordstrom Rack, hhgregg, TJMaxx Also Want You To Know They’re Closed On Thanksgiving Day
By 10.12.16 — Updated: 10.13.16
For the last half-decade or so, the beginning of Black Friday has gradually crept back, with mainstream American retailers giving the shopping holiday precedence over the actual holiday, opening on Thanksgiving Day. Then the trend reversed, as retailers came to realize that they could harvest good publicity by staying closed on the holiday and making sure that the public knows it. We’re guessing that they didn’t earn enough money to make opening on the holiday worth their while. [More]
Online And Offline Retailers Get Started On Their Seasonal Hiring
By 10.3.16
Yes, it’s only the beginning of October, but it’s time for retailers to start preparing for the season of unbridled commerce. This year, retailers are finding that the labor market is more tight, and they need to plan ahead and maybe even offer extras to entice the best seasonal workers. [More]
