While CE giant Best Buy has turned its fortunes around, rival retailer HHGregg continues to struggle and has announced it will soon close 88 stores in 15 states.
HHGregg said in a press release that the closings should be completed by mid-April. The stores will begin selling inventory between now and then.
“We are strategically exiting markets and stores that are not financially profitable for us,” said HHGregg CEO Robert Riesbeck. “This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities.”
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The closing will still leave HHGregg with roughly 150 stores, but the uncertain CE retail market leaves many industry observers wondering how long they will keep those open. Many consumers now opt to buy electronics online, particularly smaller items.
Best Buy has shrewdly built up its online business which has helped keep company profits rising. The retailer has also renovated its physical stores, making them sleeker and more attractive to shop at.
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Below are the 88 stores that HHGregg plans to close in the next several weeks:
Alabama
Mobile
Trussville
Delaware
Dover
Newark
Wilmington
Florida
Aventura
Boca Raton
Florida Mall, Orlando
Ft. Lauderdale
Gainesville
Hialeah
Homestead
Kendall, Miami
Pembroke Pines
Pensacola
Pinecrest
Sawgrass/ Plantation
Treasure Coast Mall/ Jensen Beach
Wellington
West Palm Beach
Georgia
Buckhead/ Atlanta
Stonecrest/ Lithonia
Gwinnett/ Duluth
Southlake/ Morrow
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Illinois
Arlington Heights
Bloomingdale
Champaign
Niles
Schaumburg
Springfield
Louisiana
Kenner Westgate/ Metairie
Mall of Louisiana/ Baton Rouge
Westbank/ Harvey
Maryland
Annapolis
Bel Air
Catonsville
Frederick
Glen Burnie
Hagerstown
Hanover
Largo
Rockville
Towson
Waldorf
Missouri
Chesterfield
New Jersey
Deptford, Woodbury
Mays Landing
Moorestown
North Carolina
Asheville
Cary
Durham
Mooresville
Ohio
Fairlawn/ Akron
Mansfield
Newark/ Heath
Tri-County/ Springdale
Pennsylvania
Dickson City
Downingtown
Erie
King of Prussia/ Berwyn
Lancaster
Langhorne
Lower Paxon/ Harrisburg
Mechanicsburg
Montgomeryville/ North Wales
North Hills/ Pittsburgh
Whitehall
Whitman Square/ Philadelphia
Wilkes-Barre
Wyomissing
York
Tennessee
Mt. Juliet
Virginia
Chesapeake
Chesterfield/ Midlothian
Bailey’s Crossroads/ Falls Church
Fairfax
Roanoke
Newport News
Short Pump/ Henrico
Springfield
Sterling
Virginia Beach
Winchester
Woodbridge
Fredericksburg
Manassas
Colonial Heights
West Virginia
Parkersburg/ Vienna
— Phillip Swann
Can’t help but notice the irony of an article about massive retail closings chock full of Amazon.com ad-links.
I noticed. But Phillip has always done that here and the TV Prediction’s page, which I notice he changed recently and doesn’t looks funny now, like it’s meant for a phone instead of the normal computer screen.