hhgregg Sets Growth Target for High-Performing Fine Lines Appliance Stores
July 07 2016 - 12:52PM
Business Wire
Opens Three New Locations, Targets 25-30
Additional Fine Lines Stores
hhgregg (or the Company) (NYSE:HGG), a leading appliances,
electronics and furniture retailer, today affirmed that it intends
to open 25-30 Fine Lines appliance locations over the next two
years. The 24-month store expansion program will increase the
prominence of this high-performing retail format as it correlates
to the connected hhgregg locations, and further solidify its
position as “the place to buy appliances”.
hhgregg currently has 14 Fine Lines stores, including three new
locations.
- 8921 S. US 31,
Indianapolis, IN 46227
- 6440 Sawmill Road,
Columbus, OH 43235
- 4786 Fields Ertel Road,
Cincinnati, OH 45249
The new Fine Lines locations in Indianapolis, IN and Columbus,
OH are the second Fine Lines stores in these markets.
Fine Lines high-end appliance locations are connected to hhgregg
stores and feature state-of-the-art showrooms, showcasing a wide
selection of premium appliance brands. Fine Lines locations feature
top brands, typically including SubZero, Wolf, Viking, Thermador,
JennAir, KitchenAid, Bosch, GE Monogram and Miele. These showrooms
are designed to inspire customers to create their dream
kitchens.
Robert Riesbeck, Interim President and Chief Executive Officer
and Chief Financial Officer, said, “Our Fine Lines locations have
proved to be a strong-performing format and we expect that to
continue in the future. We believe our increased appliance
footprint will continue to have a favorable impact on the growth
and performance of these stores and the Company overall. We’ve
recently seen strong momentum in appliances sales, and intend to
continue that through the rest of the year and into the holiday
season, assisted by the expansion of the new Fine Lines locations
and the steady sales being generated, both in stores and
online.”
To find a store or shop online, visit hhgregg.com, and for more
information, follow hhgregg on Twitter (@hhgregg) or Facebook (facebook.com/hhgregg).
About hhgregg
Founded in 1955, Indianapolis-based hhgregg is a multi-regional
retailer with 226 brick-and-mortar stores in 20 states. hhgregg's
product assortment includes market-leading brands in home
appliances, consumer electronics and furniture. The retailer's
online presence (hhgregg.com) give consumers nationwide access to
global and local lifestyle home products.
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EdelmanSarah Davis(312) 240-3176Sarah.Davis@edelman.com
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