Electronics, furniture and appliance retailer hhgregg will close its stores in Delaware and other states as it works to turn around operations.
The company has stores in north Wilmington and near Christiana.
“We are strategically exiting markets and stores that are not financially profitable for us,” said Robert J. Riesbeck, hhgregg’s CEO.
“This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities. We feel strongly that the markets we will remain in are the right ones for our customers and our business model. Our team is dedicated to moving forward and being a profitable 132 store, multi-regional chain where we will continue to be a dominant force in appliances, electronics and home furnishings.”
Hhgregg entered East Coast markets in an effort to fill the gap from the closing of Circuit City.
“The management team has worked tirelessly over the past year to return hhgregg to profitability,” continued Riesbeck. “We have determined that the economics of the affected locations will not allow us to achieve our overall goal of becoming a profitable company again. After scrutinizing our real estate portfolio, we have identified a number of underperforming stores, as well as store locations that are no longer strong shopping destinations due to changes in the local retail shopping landscape.”
Current inventory in the affected stores will be sold over the coming weeks, with final closings expected to be complete by mid-April. The closings will result in the elimination of approximately 1,500 positions.
As a result of the store actions, hhgregg will close its distribution and delivery centers located in Brandywine, Maryland; Miami, FL and Philadelphia,
“I want to thank each and every manager and associate in our stores and distribution centers, and their families, for their continued efforts, contributions and support,” said Riesbeck. “I understand this is not an easy process to go through; our history has shown that our team members will meet this challenge head-on and continue to support our customers and each other through the closing process.”
hhgregg Store locations closing
| Newark, Heath, OH | Newport News, VA | Fairfax, VA | ||
| Fairlawn, Akron, OH | Virginia Beach, VA | Bailey’s Crossroads, Falls Church, VA | ||
| Trussville, AL | Chesapeake, VA | Woodbridge, VA | ||
| Stonecrest, Lithonia, GA | Fredericksburg, VA | Manassas, VA | ||
| Gwinnett, Duluth, GA | Colonial Heights, VA | Largo, MD | ||
| Southlake, Morrow, GA | Roanoke, VA | Waldorf, MD | ||
| Pembroke Pines, FL | Lower Paxon, Harrisburg, PA | Rockville, MD | ||
| Hialeah, FL | York, PA | Frederick, MD | ||
| Sawgrass, Plantation, FL | Mechanicsburg, PA | Catonsville, MD | ||
| Ft. Lauderdale, FL | Lancaster, PA | Hanover, MD | ||
| Kendall, Miami, FL | Hagerstown, MD | Bel Air, MD | ||
| Wellington, FL | Wilkes-Barre, PA | Towson, MD | ||
| West Palm Beach, FL | Dickson City, PA | Annapolis, MD | ||
| Boca Raton, FL | Winchester, VA | Glen Burnie, MD | ||
| Mt. Juliet, TN | Wyomissing, PA | Chesterfield, MO | ||
| Mansfield, OH | Downingtown, PA | North Hills, Pittsburgh, PA | ||
| Mooresville, NC | King of Prussia, Berwyn, PA | Erie, PA | ||
| Durham, NC | Montgomeryville, North Wales, PA | Parkersburg, Vienna, WV | ||
| Cary, NC | Whitman Square, Philadelphia, PA | Schaumburg, IL | ||
| Buckhead, Atlanta, GA | Langhorne, PA | Bloomingdale, IL | ||
| Asheville, NC | Whitehall, PA | Arlington Heights, IL | ||
| Gainesville, FL | Moorestown, NJ | Niles, IL | ||
| Homestead, FL | Deptford, Woodbury, NJ | Springfield, IL | ||
| Florida Mall, Orlando, FL | Mays Landing, NJ | Champaign, IL | ||
| Pensacola, FL | Newark, DE | Kenner Westgate, Metairie, LA | ||
| Mobile, AL | Dover, DE | Westbank, Harvey, LA | ||
| Aventura, FL | Wilmington, DE | Mall of Louisiana, Baton Rouge, LA | ||
| Pinecrest, FL | Springfield, VA | Tri-County, Springdale, OH | ||
| Short Pump, Henrico, VA | Sterling, VA | Treasure Coast Mall, Jensen Beach, FL | ||
| Chesterfield, Midlothian, VA |
