![]() Throgmartin said, "We've been fortunate in that the areas of the business that have been strong are the areas in which we excel: high-end large-screen flat-panel TVs and home theater, and higher-end appliances". ĭespite market trends that have diminished profit margins on high-tech devices, Throgmartin and May expanded the business to 125 stores in 9 states as of October 2009. Gregg's president and Chief Executive Officer on February 17, 2009, and Throgmartin was named Executive Chairman of the Board. He eventually worked his way through many positions there over the next 24 years, and in 1999, took over his father's position as Chairman, CEO, and Director of H. Throgmartin began working in his grandfather's store while attending middle school. Shortly thereafter, they began selling televisions and other electronics. The new store featured home appliances, featuring washing machines, clothes dryers, refrigerators, and grills. ![]() In 1955, a small storefront was erected by Henry Harold and Fansy Gregg on the north side of Indianapolis. The company announced on April 7, 2017, that it would also close all of its other stores (132 more than the 88 previously announced closures) in the coming months and would lay off about 5,000 people. Gregg continued and the Chapter 11 case was ultimately converted to Chapter 7 liquidation. The filing followed the decision to close 88 unprofitable locations outside of its core markets. Gregg reported an annual revenue of US$ 1.96 billion in fiscal year 2016. The company announced on November 24, 2008, that it would begin selling popular gaming systems such as Wii, Xbox 360 and PlayStation 3. Its retail offerings included home entertainment video and audio products, computers, and other selected consumer electronics home appliances, such as refrigerators, ranges, dishwashers, freezers, washers, and dryers and other products and services, including mattresses. Gregg was headquartered in Indianapolis, Indiana, when it ceased operating. ![]() Gregg closed all stores in liquidation and had been operating as an online-only retailer since August that year.įounded in Princeton, Indiana, in 1955, H. Valor Group LLC purchased the brand from the company's bankruptcy trustee for $400,000 (~$439,425 in 2021) in 2017. (stylized as hhgregg or HHgregg on its website), is an American online retailer and former retail chain of consumer electronics and home appliances in the Midwest, Northeast, and Southeast United States, that operated stores in 20 states including Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Wisconsin, Mississippi, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia.
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