Tag Archives: hhgregg

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

hhgregg Net Falls 2.2 Percent in Q2

hhgregg

INDIANAPOLIS-A decline in sales pressured hhgregg’s second-quarter net income into a 2.2 percent drop, to $3.7 million. Net sales for the quarter ending on Sept. 30 were down 3.3 percent, primarily the result of a 6.2 percent decrease in same-store sales. Sales in appliances and home products made gains in the quarter, but these wereMore »

Last updated: November 1, 2013

hhgregg Narrows Q1 Loss as Sales Climb

hhgregg

INDIANAPOLIS-Increases at the checkout line, along with a more favorable expense scenario, enabled hhgregg to reduce its first-quarter net loss to $1.3 million from the $5.7 million net loss posted in last year’s first quarter. Net sales in the quarter, which ended on June 30, rose 7.2 percent to $524.9 million, which included a same-storeMore »

Last updated: August 1, 2013