BEHIND THE NEWS: Hhgregg IPO filing tells good story, but can retailer deliver?
Hhgregg Inc. has blasted past the $1 billion-in-sales barrier. Next stop, $5 billion? Such a colossal number might sound far-fetched for the Indianapolis-based electronics and appliance retailer, which remains minuscule compared with rivals like Best Buy and Sears. But not to the retail veterans plotting the company’s growth strategy. They’re not talking publicly these days, because the company is in a so-called quiet period as it readies for its $172 million initial public offering. But a 102-page prospectus for the…