hhgregg To Liquidate Assets

The latest brick-and-mortar retail casualty, hhgregg has announced that the United States Bankruptcy Court for the Southern District of Indiana approved initiation of a liquidation process that began on April 8.

Bankrupt hhgregg Loses Potential Purchaser

Just weeks after announcing it was filing for Chapter 11 bankruptcy protection and that it had a potential buyer, hhgregg has terminated its previously announced nonbinding term sheet with the anonymous party to purchase substantially all of the assets of the company.

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.

NYSE Delists hhgregg

Home electronics and appliance retailer hhgregg has been delisted by the New York Stock Exchange after the retailer’s average global market capitalization fell below NYSE’s minimum listing standards.

NYSE Prompts hhgregg To Explore Options

Just two weeks after the New York Stock Exchange notified the company that it was not in compliance with listing rules, hhgregg, announced that it engaged Stifel, Nicolaus & Co. and Miller Buckfire & Co., subsidiaries of Stifel Financial Corp., to pursue a range of potential strategic and financial transactions to improve liquidity and return to profitability.

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.

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HHGregg Names Riesbeck President/CEO

Home electronics retailer hhgregg has named Robert Riesbeck as the company’s new president and CEO. He was appointed interim president/CEO in February and will remain in the role of chief financial officer until a replacement is named.

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