Tag Archives: Dennis May

Riesbeck to Become hhgregg CFO

Robert Riesbeck

INDIANAPOLIS-hhgregg has hired Robert Riesbeck as its chief financial officer, a post he will assume on Sept. 15. Riesbeck, will succeed Andrew Giesler, senior vice president of finance, who had been interim chief financial officer since Jan. 31. Giesler took on the interim role after the resignation of Jeremy Aguilar, who became chief financial officerMore »

Last updated: September 11, 2014

hhgregg Q1 Loss Grows as Sales Fall

hhgregg

INDIANAPOLIS-The first-quarter net loss for hhgregg increased from $1.3 million last year to $10.3 million this year, as the specialty retailer’ sales fell by double digits. Net sales in the quarter, which ended on June 30, dropped 10 percent to $472.3 million, primarily due to the decrease of 10.2 percent in same-store sales. Computers andMore »

Last updated: July 31, 2014

hhgregg Posts Q4 Loss

hhgregg

INDIANAPOLIS-hhgregg ended its 2014 fiscal year on a sour note, reporting a net loss in its fourth quarter of $7.2 million, compared to net income of $9.9 million in its fourth quarter of last year. The loss dampened the retailer’s net income for the fiscal year as a whole, which ended on March 31, toMore »

Last updated: May 21, 2014

hhgregg Launches Rebranding Effort

hhgregg

INDIANAPOLIS-hhgregg has begun a brand transformation which is intended to better serve its customers by providing what a company statement called “a truly differentiated shopping and purchasing experience.” The transformation will cover all customer touch points and include its 228 stores and website. The program starts today with the unveiling of a new logo, enhancementsMore »

Last updated: May 6, 2014

hhgregg Q4, FY Sales Fall

hhgregg

INDIANAPOLIS-hhgregg said it is estimating its fourth-quarter sales to total $538.3 million, 9.9 percent down from the fourth quarter of last year. This would bring its net sales for the fiscal year ending on March 31 to about $2.3 billion, a decrease of about 8 percent from the prior fiscal year. Same-store sales in theMore »

Last updated: April 15, 2014

Throgmartin to Leave hhgregg

Gregg Throgmartin

INDIANAPOLIS-Gregg Throgmartin, hhgregg’s executive vice president and chief operating officer, will leave the appliance and electronics retailer on March 31. The retailer said in a statement that the board of directors, of which Throgmartin is also a member, has accepted his resignation. The statement added that Throgmartin is exiting the company to pursue outside interestsMore »

Last updated: February 11, 2014

hhgregg Q3 Net Falls 71 Percent as Sales Plummet

hhgregg

INDIANAPOLIS-With sales falling in an exceedingly promotional environment, hhgregg’s third-quarter net income fell 71 percent to $5 million. Net sales in the quarter, which ended on Dec. 31, dropped 11.6 percent to $707.1 million, including a decrease of 11.2 percent in same-store sales. Dennis May, hhgregg’s president and CEO, said third-quarter sales of consumer electronicsMore »

Last updated: January 30, 2014

hhgregg Q3 Net Sales Off 11.6 Percent

hhgregg

INDIANAPOLIS-Net sales for specialty retailer hhgregg fell 11.6 percent, to $707.1 million, in its fiscal third quarter ending on Dec. 31, according to a preliminary report from the company. The sales decrease included an estimated drop of 11.2 percent in same-store sales. hhgregg also reported significant declines in same-store sales by category—home products down 36.1More »

Last updated: January 6, 2014