Core Factors Of Stores Online Clarified

"We are strategically exiting markets and stores that are not financially profitable for us," said Robert J. Riesbeck, hhgregg's president and CEO, in a statement Thursday.

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"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. One of the three distribution and delivery centers slated for closure is located in Miami. In South Florida, hhgregg stores are in Fort Lauderdale, Plantation (Sawgrass), Pembroke Pines, Boca Raton, West Palm Beach, Wellington, Aventura, Hialeah, Kendall, Pinecrest and Homestead. Other Florida stores slated to close include locations in Orlando, Gainesville and Pensacola. The scheduled shutdowns represent another setback for a retail industry that is struggling to cope with the emergence of online commerce and a glut of suppliers. In January, South Florida saw the exit of the Limited retail clothing chain, and Macys announced the shutdown of its centerpiece retail store at CityPlace in West Palm Beach. More closings by big box retailers are imminent as JC Penney and Sears have announced their intentions to close large numbers of stores nationwide. Hhgregg stores sell brand-name appliances, flat-panel televisions, premium video products, digital cameras, audio products, and other portable electronics and accessories.

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