hhgregg Files Chapter 11, Finds Buyer

After a series of setbacks, including poor holiday sales and delisting by the New York Stock Exchange, hhgregg has filed Chapter 11 bankruptcy protection and announced that it has found a buyer for the 132-store business that would emerge from the legal process.

hhgregg Q3 Sales Tumble

The holiday season was far from bright for home electronics retailer hhgregg, which reported a double-digit drop in comparable store sales for the company’s fiscal year third quarter.

Best Buy Boosts Q3

Best Buy boosted its performance in the third quarter, although the retailer warned that the Samsung phone recall could impact its holiday sales results.

CTA: Tech To Boost Holiday Spending Growth

New technology including smart home devices and wearables will help drive consumer electronics sales up by about 3.1% to $36.05 billion this holiday season, according to a projection from the Consumer Technology Association.

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