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The Company is a retailer of video products, brand name appliances, audio products and accessories and currently operates stores in Ohio, Indiana, Georgia, Tennessee, Kentucky, North Carolina, South Carolina and Alabama.
Another big box retailer destined to join the likes of Circuit City, Borders and (soon) Office Depot in the retail graveyard. It's simply too difficult for hhgregg and other companies to compete with mass merchants (such as Target and Wal-Mart) and e-commerce giants (namely Amazon). Investors can say all they want about hhgregg's cash flows and apparent asset value, but if sales are destined to decline over time, there is no helping the company or the stock over the long term.
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