Articles

PROXY CORNER: HHGregg Inc.

Indianapolis-based HHGregg Inc. is a specialty retailer of consumer electronics and home appliances. It operates 228 stores in 20 states.

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HHGregg merchandising post turns over again

HHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics retailer continues to struggle to overcome plummeting sales of televisions.

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HHGregg ratchets back, but analysts still uneasy

HHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.

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HHGregg shares tumble on profit warning

HHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.

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HHGregg adds furniture, exercise gear as TV sales fall

HHGregg Inc. is looking for ways to boost sales at its 224 stores in coming months as the homegrown company fights to offset a huge drop in TV sales. The retailer reported a big decline in quarterly revenue Friday, but its shares soared nearly 19 percent.

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