HHGregg shares fall 10 percent after disappointing report
The Indianapolis-based appliance and electronics retailer on Friday posted a quarterly loss of $25.2 million as sales for store locations open at least a year declined 10 percent.
The Indianapolis-based appliance and electronics retailer on Friday posted a quarterly loss of $25.2 million as sales for store locations open at least a year declined 10 percent.
The Indianapolis-based appliance, electronics and furniture retailer suffered through a tough end-of-the-year quarter that couldn’t be rescued by holiday shoppers.
The Indianapolis-based appliance, electronics and furniture retailer anticipates a 6-percent decline in sales for its quarter ended Dec. 31, despite strong e-commerce growth.
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
HHGregg Inc. is about to embark on a search for its fourth merchandising manager in just over two years, the Indianapolis-based retailer disclosed in a filing with the SEC.
Shares of The Finish Line Inc., HHGregg Inc. and The Shoe Carnival Inc. all have lost value this year and are trailing major stock indexes by a wide margin.
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
HHGregg Inc. lost more money than expected in its latest quarter as sales slumped dramatically, the Indianapolis-based appliance, electronics and furniture retailer reported Thursday morning.
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
The lawsuit now includes 62 current and former HHGregg employees who claim they were denied incentive bonuses totaling about $5 million.
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a “brand transformation.”
The company scarfed up $49 million of its stock under a buyback program that ran from May 2013 to May 2014. And last month, the company launched a new buyback program, this one for $40 million.
As expected, the company Tuesday morning reported disappointing fourth-quarter sales that led to a $7.2 million loss for the Indianapolis-based appliance, electronics and furniture retailer.
The electronics and appliance chain has unveiled a new logo and advertising spots, in addition to improvements to its website and delivery service, as it attempts to keep pace with competitors.
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
The Indianapolis-based retailer announced disappointing preliminary sales figures on Tuesday morning for its fiscal fourth quarter, which it blamed on horrendous weather in major markets.
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.