hhgregg files for voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code

Strategic decisions allow the Company to move forward as a stronger, debt free and customer-focused business

INDIANAPOLIS, 2017-Mar-08 — /EPR Retail News/ — hhgregg, Inc. (“hhgregg” or the “Company”) today (March 6, 2017) announced that the Company has taken action to restructure its balance sheet and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the U.S. Bankruptcy Court for the Southern District of Indiana (the “Court”). The restructuring is intended to facilitate the Company’s long-term, strategic goals of enhancing profitability and reaffirming its commitment to its associates, vendors and the communities it serves.

“We’ve given it a valiant effort over the past 12 months,” said Robert J. Riesbeck, hhgregg’s President and CEO. “We have conducted an extensive review of alternatives and believe pursuing a restructuring through Chapter 11 is the best path forward to ensure hhgregg’s long-term success. We are thankful for the continued support of our dedicated employees, valued customers, vendors and business partners as we navigate this process, and look forward to becoming a stronger company in the coming months.”

The Company has signed a term sheet with an anonymous party to purchase the assets of the Company, which is intended to allow the Company to exit Chapter 11 debt free with significant improvement in liquidity for the future stability of the business. The Company expects a quick and smooth process through Chapter 11 with emergence in approximately 60 days.

“We have streamlined our store footprint and remain fully committed to the 132 remaining stores, and the associates supporting those locations. We have solidified our senior management team and everyone is dedicated to restructuring our business model for future profitability and growth,” continued Riesbeck. “Through these strategic steps, we plan to come out of this debt free and more agile as we serve our valued customers and vendor partners, and continue to be a dominant force in appliances, electronics and home furnishings.”

hhgregg’s 132 store locations will operate in the ordinary course of business throughout the restructuring process. The 88 stores affected by the Company’s announcement on March 3, 2017 will continue to operate as previously disclosed in the coming weeks.

As it navigates the Chapter 11 process, hhgregg intends to continue:

  • Providing superior delivery, installation and customer service;
  • Providing wages, healthcare and other benefits to its associates without interruption; and
  • Paying suppliers and vendors for the goods and services it receives in the ordinary course of business throughout the restructuring process.

The Company has obtained a committed $80 million debtor-in-possession (“DIP”) financing facility underwritten by Wells Fargo Bank, National Association and GACP Finance Co., LLC. Subject to Court approval, this DIP financing, combined with the acquiring party’s investment and the Company’s cash from operations, is expected to provide sufficient liquidity during the Chapter 11 case to support its continuing normal business operations and minimize disruption.

Morgan, Lewis and Bockius LLP and Ice Miller are serving as hhgregg’s legal advisors in the restructuring and Stifel, Nicolaus & Company, Incorporated, Miller Buckfire & Co., and Berkeley Research Group, LLC are serving as financial and restructuring advisors.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

Forward Looking Statements

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements, including with respect to hhgregg’s intentions and plans to restructure hhgregg and the conduct of its business during and after such restructuring. hhgregg has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While hhgregg believes these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These and other important factors may cause hhgregg’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from hhgregg’s expectations are: the ability to successfully execute the Company’s strategies and initiatives, particularly in returning the Company to profitable growth; the Company’s ability to successfully navigate a Chapter 11 bankruptcy; the Company’s ability to increase customer traffic and conversion; competition in the retail industry; the Company’s ability to maintain a positive brand perception and recognition; the Company’s ability to attract and retain qualified personnel; the Company’s ability to maintain the security of customer, associate and Company information; rules, regulations, contractual obligations, compliance requirements and fees associated with accepting a variety of payment methods; the Company’s ability to effectively achieve cost cutting initiatives; the Company’s ability to generate strong cash flows to support its operating activities; the Company’s relationships and operations of its key suppliers; the Company’s ability to generate sufficient cash flows to recover the fair value of long-lived assets; the Company’s ability to maintain and upgrade its information technology systems; the fluctuation of the Company’s comparable store sales; the effect of general and regional economic and employment conditions on the Company’s net sales; the Company’s ability to meet financial performance guidance; disruption in the Company’s supply chain; changes in trade regulation, currency fluctuations and prevailing interest rates; and the potential for litigation.

Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for fiscal year 2016 filed May 19, 2016 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2016 filed on January 26, 2017. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. hhgregg does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any of these statements to reflect future events or developments.

Media Contact:
hhgregg, Inc.
Lance Peterson
317-848-8710
Vice President, Finance and Planning
investorrelations@hhgregg.com

Chantal Kowalski
317-561-7022
Communications Manager
chantal.kowalski@hhgregg.com

Source: hhgregg, Inc.

hhgregg, Inc. engages Stifel Nicolaus and Miller Buckfire as financial advisor and investment banker

INDIANAPOLIS, 2017-Feb-16 — /EPR Retail News/ — hhgregg, Inc. (NYSE: HGG) (“hhgregg” or the “Company”) today (February 15, 2017) announced that it has engaged Stifel, Nicolaus & Co., Inc. and Miller Buckfire & Co., LLC, each subsidiaries of Stifel Financial Corp. (NYSE: SF) to pursue a range of potential strategic and financial transactions that will support the Company’s initiatives to improve liquidity and return to profitability.

“We are committed to improving our results through our business strategy, including investments made to shift our focus to appliances and furniture, and additional expected cost reductions,” said Robert J. Riesbeck, hhgregg’s President and CEO. “We believe it is an appropriate time to explore potential strategic transactions. As the Company undertakes this exploration process, we are focused on the execution of our business strategy and remain fully committed to serving our customers’ needs.”

Stifel Nicolaus and Miller Buckfire have been engaged as hhgregg’s financial advisor and investment banker. The Company, working with its advisers, plans to proceed in a timely and orderly manner, but has not set a definitive timetable for completion of this process. There can be no assurance that this review process will result in a transaction or other strategic alternative of any kind. The Company does not intend to disclose developments or provide updates on the progress or status of this process unless it deems further disclosure is appropriate or required.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

Forward Looking Statements

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements, including with respect to hhgregg’s intentions and plans to explore strategic alternatives. hhgregg has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While hhgregg believes these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These and other important factors may cause hhgregg’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from hhgregg’s expectations are: the ability to successfully execute the Company’s strategies and initiatives, particularly in returning the Company to profitable growth; the Company’s ability to increase customer traffic and conversion; competition in the retail industry; the Company’s ability to maintain a positive brand perception and recognition; the Company’s ability to attract and retain qualified personnel; the Company’s ability to maintain the security of customer, associate and Company information; rules, regulations, contractual obligations, compliance requirements and fees associated with accepting a variety of payment methods; the Company’s ability to effectively achieve cost cutting initiatives; the Company’s ability to generate strong cash flows to support its operating activities; the Company’s relationships and operations of its key suppliers; the Company’s ability to generate sufficient cash flows to recover the fair value of long-lived assets; the Company’s ability to maintain and upgrade its information technology systems; the fluctuation of the Company’s comparable store sales; the effect of general and regional economic and employment conditions on the Company’s net sales; the Company’s ability to meet financial performance guidance; disruption in the Company’s supply chain; changes in trade regulation, currency fluctuations and prevailing interest rates; and the potential for litigation.

Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for fiscal year 2016 filed May 19, 2016 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2016 filed on January 26, 2017. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. hhgregg does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any of these statements to reflect future events or developments.

Contact:
Lance Peterson
317-848-8710
Vice President, Finance and Planning
investorrelations@hhgregg.com

Source: hhgregg, Inc.

hhgregg announces Super Sale offering on TVs, home audio, furniture and appliances just in time for the Big Game

Fans can throw the ultimate viewing party with up to 40 percent off TVs

INDIANAPOLIS, 2017-Jan-31 — /EPR Retail News/ — hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, announced its Super Sale offering the best deals on TVs, home audio, furniture and appliances to help fans throw the ultimate viewing party for the Big Game. Now through February 4, 2017, shoppers can receive up to 40 percent off televisions, up to 25 percent off major appliances and up to 15 percent off all motion seating and recliners. To make new room for new models, all Closeout Items in-store are now available for 50 percent off the lowest ticketed price.

“Now is a great time to buy a new TV,” said Chris Sutton, SVP of Marketing at hhgregg. “Not only are we offering phenomenal deals in-store and online, but the quality and clarity of today’s OLED and 4K TVs will enhance viewing experiences for families and sports fans alike.”

hhgregg is offering fans the hottest deal on 60″ 1080p LED Smart HDTVs, now only $497. Or for an incredible view of the game, customers can now get the 55″ 4K Ultra HD Smart OLED TVs for 50 percent off, plus receive an instant $200 in-store gift card. Other top TV and home audio deals include:

  • Free LG 2.1 Soundbar with Wireless Subwoofer with the purchase of a LG 55″ or 65″ 4K Ultra HD Smart TV
  • Haier 65″ 4K Ultra HDTV for $549.99 (save $450)
  • Haier 75″ 4K Ultra HDTV for $1299.99 (save $1200)
  • Free Klipsch 10″ Subwoofer with purchase of a pair of Klipsch Floorstanding Speakers

To watch the game in ultimate comfort, fans can save an additional 15 percent off all motion seating and recliners, plus take an additional 20 percent off all TV stands and accent cabinets. The modern Langdon Power Recliner can be combined into home theater seating groups and each recliner features one outlet and two USB charging ports hidden in arm storage. Two cup holders and a swivel tray that can attach to either arm will hold fans’ snacks and beverages. Other top furniture deals include:

  • Cheyenne 6-Piece Reclining Sectional for $1699.97 (save $1300 total)
  • Harrison Reclining Collection for $2039.97 (save $1160 total)
  • Arden Power Recliner for $424.99 (save $175 total)
  • Curved Wood Stand for Flat-Panel TVs (Model: CW349) for $239.99 (save $210 total)

Additionally, shoppers can save up to 25 percent off major appliances, plus save up to $600 on select Whirlpool appliances. With a 32 cubic foot Whirlpool Stainless Steel French Door Refrigerator, fans have the ultimate capacity to store all of their favorite game day food and beverages. Other top appliance deals include:

  • Maytag Stainless Steel Side-by-Side Refrigerator with water in-door for $949.99 (save $450)
  • GE Café™ Stainless Steel French Door Refrigerator with Keurig K-Cup® Brewing System for $2969.99 (save $330)
  • Whirlpool Stainless Steel Gas Range for $449.99 (save $250)
  • Maytag Stainless Steel Dishwasher for $499.99 (save $150)

Now through February 4, 2017, shoppers can receive up to 24 months special financing on qualifying home theater and appliance purchases of $797or more, and up to 48 months special financing on qualifying furniture and bedding purchases of $1997 or more, by using their hhgregg credit card. Free delivery is available on appliance purchases $397 and up, furniture purchases $1497 and up, and on TVs 51″ or larger.

To find a store or shop online before the Big Game, visit hhgregg.com, and follow hhgregg on Twitter (@hhgregg) or Facebook (facebook.com/hhgregg).

ABOUT hhgregg

Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer with 220 brick-and-mortar stores in 19 states. hhgregg’s product assortment includes market-leading brands in home appliances, consumer electronics and technology, along with high-quality furniture products for the home. The retailer’s locations and online presence (hhgregg.com) give consumers nationwide access to global and local lifestyle and home products. Find hhgregg on Facebook at facebook.com/hhgregg and on Twitter at @hhgregg.

Contact:
Chantal Kowalski
317-561-7022
Chantal.Kowalski@hhgregg.com

Source: hhgregg

hhgregg announces preliminary net sales results for the third fiscal quarter ended December 31, 2016

INDIANAPOLIS, 2017-Jan-12 — /EPR Retail News/ — hhgregg, Inc. (“hhgregg” or the “Company”) (NYSE:HGG) today (January 9, 2017) announced preliminary net sales results for the third fiscal quarter ended December 31, 2016. The Company also announced information on certain non-cash charges and details of its third fiscal quarter earnings conference call.

All figures in this release are preliminary and remain subject to the completion of normal quarter-end accounting procedures and adjustments, which could result in changes to these preliminary results. hhgregg will provide additional information regarding its quarterly results when it reports its third fiscal quarter results on January 26, 2017.

Preliminary Net Sales Results

For the third fiscal quarter of 2017, the Company estimates net sales to be approximately $453 million, a decrease of approximately 24% as compared to net sales of $593 million reported for the third fiscal quarter of 2016. Third fiscal quarter comparable store sales are estimated to have decreased approximately 22%, with the appliance category estimated to have decreased approximately 4%, the consumer electronics category estimated to have decreased approximately 39%, the home products category estimated to have decreased approximately 9%.

Robert Riesbeck, President and CEO, commented, “During the quarter, we were challenged by the competitive pressures in the market, specifically in consumer electronics as it is a larger mix of our business during the holidays. Our transition to a new distribution center also had a temporary negative impact on our sales for the quarter. Although we are disappointed with our overall performance during the quarter, we are pleased with our investments made to shift our focus from consumer electronics to appliances and furniture, through resetting store layouts, adding Fine Lines departments and promotions focused on our appliance business. The consumer electronics category was very competitive again this holiday season. We made the strategic decision to compete less in this category, particularly at the entry level price points. Going forward, we will continue our focus on our appliance and home products categories and will continue to reposition our consumer electronics business to focus on the premium models.”

Non-Cash Asset Impairment Charge

The Company expects to incur a non-cash charge for asset impairment of certain locations in the quarter ended December 31, 2016. The impairment charge is based on current trends in certain under-performing markets and the lack of visibility to the recoverability of the assets associated with those locations. The Company expects the impact of this non-cash pre-tax charge to be in the range of $7 million to $12 million and is currently finalizing that determination.

Kevin Kovacs, SVP, Chief Financial Officer, commented, “While the accounting related charge is significant, it is important to note that this charge is non-cash. We continue to effectively manage our working capital and liquidity and this will continue to be a focus for the remainder of fiscal 2017.”

Conference Call to Discuss Full Operating Results for the Third Fiscal Quarter 2017

hhgregg will be conducting a conference call to discuss operating results for the three months ended December 31, 2016, on Thursday, January 26, 2017 at 9:00 a.m. (Eastern Time). Interested investors and other parties may listen to a simultaneous webcast of the conference call by logging onto hhgregg’s website at www.hhgregg.com. The on-line replay will be available for a limited time immediately following the call. The call can also be accessed live over the phone by dialing (877) 304-8963. Callers should reference the hhgregg earnings call.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

Safe Harbor Statement

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements, including with respect to the Company’s financial performance, ability to manage costs, ability to execute the Company’s 2017 initiatives, innovation in the video industry, the impact and amount of non-cash charges, and shifts in the Company’s sales mix. hhgregg has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While hhgregg believes these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These and other important factors may cause hhgregg’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from hhgregg’s expectations are: the ability to successfully execute the Company’s strategies and initiatives, particularly in returning the Company to profitable growth; the Company’s ability to increase customer traffic and conversion; competition in the retail industry; the Company’s ability to maintain a positive brand perception and recognition; the Company’s ability to attract and retain qualified personnel; the Company’s ability to maintain the security of customer, associate and Company information; rules, regulations, contractual obligations, compliance requirements and fees associated with accepting a variety of payment methods; the Company’s ability to effectively achieve cost cutting initiatives; the Company’s ability to generate strong cash flows to support its operating activities; the Company’s relationships and operations of its key suppliers; the Company’s ability to generate sufficient cash flows to recover the fair value of long-lived assets; the Company’s ability to maintain and upgrade its information technology systems; the fluctuation of the Company’s comparable store sales; the effect of general and regional economic and employment conditions on the Company’s net sales; the Company’s ability to meet financial performance guidance; disruption in the Company’s supply chain; changes in trade regulation, currency fluctuations and prevailing interest rates; and the potential for litigation.

Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for fiscal year 2016 filed May 19, 2016. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. hhgregg does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any of these statements to reflect future events or developments.

Contact:
Lance Peterson
VP, Finance & Planning
317-848-8710
investorrelations@hhgregg.com

Source: hhgregg, Inc.

hhgregg announces the appointment of Aaron Trahan as Chief Merchandising Officer

INDIANAPOLIS, 2017-Jan-05 — /EPR Retail News/ — hhgregg (NYSE:HGG) today (January 3, 2017) announced that Aaron Trahan has been appointed Chief Merchandising Officer.

Mr. Trahan has over 14 years of retail merchandising experience, including 10 years in a merchandising leadership role. Prior to joining hhgregg, Mr. Trahan served as Vice President of Merchandising at Conn’s Home Plus, where he was responsible for providing strong direction for process improvement, assortment optimization and profit maximization for their major appliance, consumer electronics and furniture and mattress categories. Prior to that, he held the roles of Senior Director and Director of Merchandising, Senior Buyer of Consumer Electronics and Buyer of Home Office and Appliance categories.

“As we shift our focus to expanding our furniture business in 2017, Aaron’s unique background and expertise will be a huge asset in helping to drive the future growth and success of hhgregg,” said Robert Riesbeck, President and CEO of hhgregg. “We are excited to add Aaron’s leadership in appliances, electronics and furniture merchandising to our executive team and look forward to the contributions he is sure to make.”

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

Contact:
Lance Peterson
VP, Finance and Planning
(317) 848-8710
investorrelations@hhgregg.com

Chantal Kowalski
Communications Manager
(317) 561-7022
Chantal.Kowalski@hhgregg.com

Source: hhgregg

hhgregg announces “Make it a Doorbuster” deal on November 23 until November 26

“Make it a Doorbuster” deal allows customers to take an additional 15 percent off starting on Wednesday

INDIANAPOLIS, 2016-Nov-23 — /EPR Retail News/ — hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, today ( Nov. 21, 2016) announced its strongest Thanksgiving week offer ever, allowing customers to take an additional 15 percent off hhgregg’s already low Black Friday savings. Beginning on Wednesday, November 23, the “Make it a Doorbuster” deal will be available in-store and online for four days only, until November 26.

hhgregg has already priced items up to 40 percent off, or more, storewide and the new “Make it a Doorbuster” deal allows customers to take an additional 15 percent off items $299 and up across all product lines.

“We want to give our customers the opportunity to make their own doorbuster on the products they love,” said Bob Riesbeck, CEO of hhgregg. “It doesn’t matter if you’re shopping for a new TV, refrigerator or sofa – we want hhgregg customers to get the best deal possible and have the flexibility to shop whenever and however they want, in-store or online.”

This is one more step in hhgregg’s effort to allow customers to get the best deals possible while still enjoying Thanksgiving at home with family and friends, as all 220 stores will be closed on Thanksgiving Day. Customers can take advantage of the sales early on Wednesday, online on Thanksgiving Day or in stores starting at 7 a.m. on Black Friday.

The additional markdown on Wednesday ensures there is ample opportunity for huge savings on the hottest big ticket items. Throughout the holiday weekend, hhgregg’s hours are as follows:

  • Wednesday: 9:00 a.m. to 10:00 p.m.
  • Thanksgiving: CLOSED – visit hhgregg.com
  • Black Friday: 7:00 a.m. to 10:00 p.m.
  • Saturday: 9:00 a.m. to 10:00 p.m.
  • Sunday: 9:00 a.m. to 9:00 p.m.

To see hhgregg’s full Black Friday ad, visit hhgregg.com/black-friday-ad, or follow hhgregg on Twitter at @hhgregg or Facebook at facebook.com/hhgregg for the latest on holiday deals.

ABOUT hhgregg
Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer with 220 brick-and-mortar stores in 19 states. hhgregg’s product assortment includes market-leading brands in home appliances, consumer electronics and technology, along with high-quality furniture products for the home. The retailer’s locations and online presence (hhgregg.com) give consumers nationwide access to global and local lifestyle and home products. Find hhgregg on Facebook at facebook.com/hhgregg and on Twitter at @hhgregg.

Media Contacts:
Sarah Davis
Edelman
(312) 240-3176
Sarah.Davis@edelman.com

Chantal Kowalski
hhgregg
(317) 561-7022
Chantal.Kowalski@hhgregg.com

SOURCE: hhgregg

hhgregg gives its employees the time and the Thanksgiving turkey to enjoy with family and friends

Retailer shows appreciation by providing more than 5,000 turkeys

INDIANAPOLIS, 2016-Nov-18 — /EPR Retail News/ — hhgregg (NYSE:HGG), a leading appliances, electronics and furniture retailer, announced in October that they would be closed on Thanksgiving Day to give their employees and customers time to enjoy the holiday with family and friends. Yesterday, hhgregg, in partnership with Butterball and Andretti Autosport, also provided a Thanksgiving turkey to each employee to enjoy with family on Thanksgiving.

“Providing our employees and customers the opportunity to spend Thanksgiving with their families was a great start, but I thought we could, and should, do more for our employees,” said Bob Riesbeck, President and CEO for hhgregg “In keeping with our family-first culture, we wanted to make an additional contribution to our employees’ holiday dinners to show appreciation for their hard work and dedication each and every day.”

hhgregg is continuing to demonstrate its dedication to family; something recently- appointed board member, Michael Andretti, has taken note of. “When hhgregg brought the idea to us, we were excited to make it happen and reached out to our partners at Butterball to help,” said Andretti. “I’m impressed with the commitment hhgregg has shown in giving back to their employees, it’s something that I am really proud to support.”

Employees are also taking note, with the decision to close on Thanksgiving making this year extra special. Associates from all over the country have been sharing how they’ll spend the holiday. Dexter, who works in Electronic Sales in Noblesville, IN, said he is excited to spend the day with his newborn son. “It’s his first Thanksgiving, so it will be special to have the day off and celebrate with family, food and fun,” he said. Meanwhile, Mike, a store manager at the same store, is planning to attend a huge family reunion and reconnect with family that he only gets to see every couple of years.

“As a company dedicated to family values, we are thrilled with the tremendous response from both employees and the communities in which we operate,” said Chris Sutton, Senior Vice President of Marketing. “We are excited to continue to be a family-friendly company, and to bring that philosophy to work every day for everyone we serve.”

To see photos and video from yesterday’s giveaway, visit hhgregg on Twitter at @hhgregg or Facebook at facebook.com/hhgregg.

ABOUT hhgregg
Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer with 220 brick-and-mortar stores in 19 states. hhgregg’s product assortment includes market-leading brands in home appliances, consumer electronics and technology, along with high-quality furniture products for the home. The retailer’s locations and online presence (hhgregg.com) give consumers nationwide access to global and local lifestyle and home products. Find hhgregg on Facebook at facebook.com/hhgregg and on Twitter at @hhgregg.

Media Contact:
Sarah Davis
Edelman
(312) 240-3176
Sarah.Davis@edelman.com

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hhgregg gives its employees the time and the Thanksgiving turkey to enjoy with family and friends
hhgregg gives its employees the time and the Thanksgiving turkey to enjoy with family and friends

 

SOURCE: hhgregg