Tag Archives: hhgregg

hhgregg’s Lyle Named to Chair Retail Marketing Group

Julie Lyle

INDIANAPOLIS-Julie Lyle, hhgregg’s chief marketing officer, has been appointed 2015 chairperson of the Global Retail Marketing Association (GRMA) Advisory Board. The group is an association of top-level executives from leading retailers. In this role, Lyle will lead the board and play a key role in the development of the organization’s strategic initiatives and thought leadership.More »

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 Tabs Risch as COO

Troy Risch

INDIANAPOLIS-Troy Risch has been named chief operating officer of specialty retailer hhgregg, a post he will assume on May 5. Risch will succeed Gregg Throgmartin, who resigned as executive vice president and chief operating officer effective March 31. Risch’s background includes serving as executive vice president of store operations for RadioShack. Prior to this, heMore »

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 »

hhgregg Ups Lyons to Senior VP of E-commerce

Kevin Lyons

INDIANAPOLIS-Kevin Lyons has been promoted to senior vice president of e-commerce for specialty retailer hhgregg. Lyons, who was vice president of e-commerce, reports to Julie Lyle, hhgregg’s chief marketing officer. He joined the company in May 2013, and has since led the e-commerce team’s creation of the online development and promotional strategy. An hhgregg statementMore »

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 »