hhgregg, a retailer whose name we assure you we have capitalized correctly, is closing a quarter of its stores across the country. The company calls this a plan to “advance turnaround,” while its stock has been delisted from the New York Stock Exchange for having too low a share price, and rumors swirl that it’s planning to file for bankruptcy protection.
The cutbacks, announced today, will also include three distribution centers located in Miami, FL; Brandywine, MD; and Philadelphia, PA. The 88 stores will sell off their inventory and finally close their doors in April.
The closings leave the chain without any stores in the Washington, DC area, for example, and also include a large number of stores in Pennsylvania and in Florida.
In a statement, the chain described stores on the closing list as “underperforming” locations, or “no longer strong shopping destinations due to changes in the local retail shopping landscape.” The shopping centers where these store are located are apparently not as cool as they once were.
“We feel strongly that the markets we will remain in are the right ones for our customers and our business model,” hhgregg president and CEO Robert J. Riesbeck said in a statement. “Our team is dedicated to moving forward and being a profitable 132 store, multi-regional chain where we will continue to be a dominant force in appliances, electronics and home furnishings.”
You’ll notice that there isn’t anything in there about bankruptcy plans, but you should probably dig out any gift cards that you have around anyway.
If you’re just here for the closing list, here it is:
Store
State
Trussville
AL
Mobile
AL
Newark
DE
Dover
DE
Wilmington
DE
Pembroke Pines
FL
Hialeah
FL
Sawgrass, Plantation
FL
Ft. Lauderdale
FL
Kendall, Miami
FL
Wellington
FL
West Palm Beach
FL
Boca Raton
FL
Gainesville
FL
Homestead
FL
Florida Mall, Orlando
FL
Pensacola
FL
Aventura
FL
Pinecrest
FL
Treasure Coast Mall
FL
Stonecrest, Lithonia
GA
Gwinnett, Duluth
GA
Southlake, Morrow
GA
Buckhead, Atlanta
GA
Schaumburg
IL
Bloomingdale
IL
Arlington Heights
IL
Niles
IL
Springfield
IL
Champaign
IL
Kenner Westgate
LA
Westbank
LA
Mall of Louisiana
LA
Hagerstown
MD
Largo
MD
Waldorf
MD
Rockville
MD
Frederick
MD
Catonsville
MD
Hanover
MD
Bel Air
MD
Towson
MD
Annapolis
MD
Glen Burnie
MD
Chesterfield
MO
Mooresville
NC
Durham
NC
Cary
NC
Asheville
NC
Moorestown
NJ
Deptford, Woodbury
NJ
Mays Landing
NJ
Newark, Heath
OH
Fairlawn, Akron
OH
Mansfield
OH
Tri-County
OH
Lower Paxon, Harrisburg
PA
York
PA
Mechanicsburg
PA
Lancaster
PA
Wilkes-Barre
PA
Dickson City
PA
Wyomissing
PA
Downingtown
PA
King of Prussia, Berwyn
PA
Montgomeryville, North Wales
PA
Whitman Square, Philadelphia
PA
Langhorne
PA
Whitehall
PA
North Hills
PA
Erie
PA
Mt. Juliet
TN
Short Pump, Henrico
VA
Chesterfield, Midlothian
VA
Newport News
VA
Virginia Beach
VA
Chesapeake
VA
Fredericksburg
VA
Colonial Heights
VA
Roanoke
VA
Winchester
VA
Springfield
VA
Sterling
VA
Fairfax
VA
Bailey’s Crossroads, Falls Church
VA
Woodbridge
VA
Manassas
VA
Vienna
WV