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HHGregg
HHGregg throws lifeline to employees with underwater options
April 13, 2013
Greg AndrewsThe company this month filed papers gave option holders the right to exchange their current holdings for new options with
an exercise price set at the current market price.
MoreHHGregg manager sues over company's denial of bonuses
March 23, 2013
Scott OlsonDwain Underwood charges the retailer should have included in its bonus calculations a $40 million life insurance payout it
collected after executive chairman Jerry Throgmartin died last year.
MoreWith TV business ‘forever changed,’ HHGregg retools
March 16, 2013
Greg AndrewsCEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
MoreHHGregg merchandising post turns over again
March 5, 2013
J.K. WallHHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics
retailer continues to struggle to overcome plummeting sales of televisions.
MoreHHGregg profit falls on sinking same-store sales
January 31, 2013
Scott OlsonThe Indianapolis-based appliance and electronics retailer said profit fell 23 percent in its fiscal third quarter as slumping
demand for televisions caused same-store sales to drop.
MoreHHGregg ratchets back, but analysts still uneasy
January 19, 2013
Greg AndrewsHHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it
used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
MoreHHGregg shares tumble on profit warning
January 14, 2013
Cory SchoutenHHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed
its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.
MoreSKARBECK: Value investors tempted by HHGregg valuations
January 12, 2013
Ken SkarbeckA fascinating case study can be found in the divergent fortunes of locally based HHGregg and Texas-based Conn’s Inc.
MoreExperts predict 20-percent growth in Cyber Monday shopping
November 26, 2012
IBJ Staff and Associated PressThis year's Cyber Monday could be the biggest online shopping day of the year for the third year in a row. Indianapolis-based
retailers The Finish Line and HHGregg are among those offering Cyber Monday specials.
MoreHHGregg adds furniture, exercise gear as TV sales fall
November 2, 2012
Cory SchoutenHHGregg Inc. is looking for ways to boost sales at its 224 stores in coming months as the homegrown company fights to offset
a huge drop in TV sales. The retailer reported a big decline in quarterly revenue Friday, but its shares soared nearly 19
percent.
MoreHHGregg shares slide as company abandons Michigan plans
September 26, 2012
Scott OlsonThe stock price of the Indianapolis-based appliance and electronics retailer fell by more than 18 percent this week after
the company disclosed that it is postponing plans to open stores in Michigan.
MoreHHGregg's new push: Selling treadmills alongside TVs
September 1, 2012
Greg AndrewsThe appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled
for 31 of its more than 200 stores.
MorePROXY CORNER: HHGregg Inc.
August 18, 2012
IBJ StaffIndianapolis-based HHGregg Inc is a retailer of consumer electronics and home appliances. It operates 212 stores in 17 states.
MoreHHGregg posts quarterly loss on poor TV sales, as expected
August 2, 2012
Scott OlsonDisappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance
and electronics retail chain said on Thursday.
MoreHHGregg setbacks reflect deeper woes, some fear
July 21, 2012
Greg AndrewsRetailer's operating income is the same as five years ago, even though it has triple the number of stores.
MoreHHGregg shares plummet on new earnings forecast
July 11, 2012
IBJ Staff and Associated PressHHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report
a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
MoreLargest Indiana public companies mostly fared well in 2011
June 16, 2012
Performance varied widely as industries ebbed, flowed.
MoreHHGregg’s profit jumps on life-insurance payout
May 23, 2012
Scott OlsonThe Indianapolis-based appliance and electronics retailer on Wednesday reported fiscal quarterly profit of $53.6 million,
including $39.6 million from a life insurance policy the company took out on former executive chairman Jerry W. Throgmartin.
MoreBest Buy's turnaround may pinch HHGregg
April 28, 2012
Cory SchoutenThe struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook
of competitor HHGregg.
MoreHHGregg gets $40M from life insurance on former CEO
February 29, 2012
Cory SchoutenHHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W.
Throgmartin, who died in January after a sudden illness.
MoreHHGregg reports smaller profit in fiscal third quarter
February 8, 2012
The appliance and electronics retailer attributed the decline to lower-than-expected profit margins and higher spending on
advertising.
MoreMeningitis complications felled Throgmartin, family says
January 25, 2012
Meningitis, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated
but is sometimes fatal.
MoreDeceased HHGregg chairman oversaw explosive growth
January 23, 2012
Greg AndrewsJerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion
in revenue. He died over the weekend while visiting his ranch in Colorado.
MoreHHGregg shares sink on disappointing earnings
January 10, 2012
Associated PressAppliance and electronics retailer HHGregg Inc.'s stock price fell more than 15 percent Tuesday after it reported lower-than-expected
earnings for the fiscal third quarter.
MoreDeceased HHGregg executive prospered in tough industry
December 17, 2011
Greg AndrewsJerry Throgmartin, 57, died Jan. 22, 2012, at the age of 57. His family said he died from complications of meningitis—an
infection that leads to inflammation of the membranes covering the brain and spinal cord.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.