Content about HHGregg Inc.

April 15, 2014

Hhgregg Inc. cited extreme weather as a major factor in preliminary sales declines it reported for the fourth quarter of fiscal 2014.

Indianapolis – Hhgregg Inc. cited extreme weather as a major factor in preliminary sales declines it reported for the fourth quarter of fiscal 2014. The retailer estimates net sales to be approximately $538.3 million, a decrease of approximately 9.9% as compared to net sales of $597.6 million reported for the fourth fiscal quarter of 2013.

February 11, 2014

Gregg W. Throggmartin, COO of Hhgregg Inc., has resigned as the executive VP and COO of the company and as a member of the board, effective March 31, 2014.

Indianapolis – Gregg W. Throggmartin, COO of Hhgregg Inc., has resigned as the executive VP and COO of the company and as a member of the board, effective March 31, 2014. Throgmartin is leaving Hhgregg to pursue outside interests and manage family businesses.

Hhgregg will commence a search for a new COO. In the interim, other operations officers of the company will fulfill the responsibilities of Throgmartin.

May 23, 2012

Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.

August 4, 2011

Electronics and appliances retailer Hhgregg Inc. reported Thursday that it lost $761,000 in the quarter ended June 30, compared with a profit of $2.7 million in the year-ago period.

Indianapolis -- Electronics and appliances retailer Hhgregg Inc. reported Thursday that it lost $761,000 in the quarter ended June 30, compared with a profit of $2.7 million in the year-ago period. The retailer cited softness in its video business for the weakened performance.

Revenue dipped 1% to $431.5 million, from $436 million a year earlier. Wall Street expected revenue of $488 million. Same-store sales decreased 13.2%.

October 1, 2007

Orlando, Fla., HHGregg...