Hhgregg Inc (HGG)

Description:

GGgregg, Inc. was formed in Delaware on April 12, 2007. The Company is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg. As of March 31, 2012, it operated 208 stores in Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. It offers a broad selection of the latest video products, such as LED televisions and Blu-ray players. Representative brands include Coby, Curtis, Hisense, LG, Panasonic, Samsung, Sharp, Sony and Toshiba. It offers a broad selection of major appliances, including the latest generation refrigerators, cooking ranges, dishwashers, freezers, washers and dryers, sold under a variety of brand names. It offers a broad selection of computer and mobile phone products, including notebook computers, tablets and mobile phones. Representative brands include Acer, Asus, Hewlett Packard, Samsung, Sony, Toshiba and Verizon. It also sells audio products, furniture, mattresses and other select popular consumer electronics and accessories. Products such as home audio systems, cameras, personal navigation, gaming bundles, telephones and advanced cables generate and support store traffic and create cross-selling opportunities with its core products. It sells a suite of services including third-party premium service plans ('PSPs'), third-party in-home service and repair of its products, next-day delivery and installation and in-home repair and maintenance. It has registered, acquired the registration of, or claim ownership of the following trade names and trademarks for use in its business: hhgregg, HHGREGG.COM, H.H. Gregg Appliances Electronics Computers, HHGREEN , GIVING YOU THE POWER TO GO GREEN, HHG, Fine Lines, hhgregg Fine Lines, Fine Points and Price and Advice Guaranteed. It designs its stores to be visually appealing to its customers and to highlight its premium selection of consumer electronics and appliances. It utilizes flat panel television display walls, appliance displays and digital product centers to showcase its broad selection of products with advanced features and functionality. It carries approximately 100 models of flat panel televisions and 350 models of appliances. Its new store prototypes typically range from 25,000 to 30,000 square feet and are located in power centers or freestanding locations in high traffic areas, as close as feasible to its major competitors. It drive store traffic and enhance its brand recognition through year-round television advertising, weekly newspaper inserts, direct mail, e-mail and web promotions. Its stores compete against other consumer electronics retailers, specialty home office retailers, mass merchants, home improvement superstores and internet-based businesses. Its stores also compete against independent dealers, regional chain discount stores, wholesale clubs and other specialty single- and multi-unit retail stores. The Company competes against national retailers including Best Buy, Home Depot, Lowe's, Sears and Wal-Mart in the vast majority of its markets. It also compete against regional retailers, such as BrandsMart and Fry's, in several of its markets.