Tag Archives: Dennis May

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »