The regional consumer electronics chain is now owned by holding company Valor LLC, which outbid Sears for hhgregg’s intellectual property rights at a bankruptcy auction.
Why did HHGregg fail?
HHGregg collapsed earlier this year after failing to adapt to e-commerce and focusing too long on competitive product lines such as televisions and tablets. HHGregg pivoted to appliances under CEO Bob Riesbeck but could not boost sales quickly enough in that category to turn the company around.
Who started HHGregg?
HHGregg was founded in 1955 by Henry Harold and Fansy Gregg in Indianapolis. The store featured home appliances and soon began selling electronics such as televisions. Gregg’s sons, Gerald Throgmartin and Don Throgmartin joined the company in the late 1960s.
Is HHGregg back in business?
H.H. Gregg has made its return to physical retail. After 64 years in business, the electronics retailer filed for bankruptcy in 2017.
When did HHGregg go public?
Between the company’s going public in 2007 and Throgmartin’s passing in 2012 at age 57, HHGregg expanded to 220 stores from about 100 with sales rising to more than $2.5 billion from less than $1 billion.
Are HHGregg warranties still good?
Our manufacturers will continue honoring the warranty on customer purchases. The extended warranties purchased are administered through a third-party company, Warrantech. These extended warranties will also be honored for the life of the contract.
What does HHGregg sell?
hhgregg, Inc. (formerly Gregg Appliances, Inc.) is a publicly owned and operated retailer of consumer electronics and home appliances in the Midwest, Northeast, and Southeast United States.
What does HHGregg stand for?
HHGregg was founded in 1955 by Henry Harold Gregg and his wife, Fansy, with the first store finding its home near 46th Street and Keystone Avenue.
Who covers HHGregg warranty?
If you have HHgregg extended warranty, you need to reach out to a third company—Warrantech.
What happened Circuit City?
Circuit City is also one of American retailing’s great fail- ures. In November 2008, the 59-year-old company filed for bankruptcy. Within months, it closed its stores and liquidat- ed more than $1 billion worth of merchandise, and on March 8, 2009, the last Circuit City store turned off its lights for good.
