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]
Strategic Initiatives
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]
