Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

hhgregg Reports Higher Sales
Nov 3, 2011
 Printable format
 Email this Article
 Search

U.S. appliance retailer hhgregg, Inc., said net sales increased 28.6% to $618.6 million in the second quarter of its fiscal year. Comparable store sales increased 1.5%. Net income in the second quarter was $6.0 million, up from $3.9 million in the second quarter of the previous year, which was helped by the increase in comparable store sales as well as by the addition of 35 stores in the past year.

A decrease in net income for the first six months of the year was reported, however, from $6.7 million in the first six months of the previous year to $5.3 million in the current year.

Appliances accounted for 42% of hhgregg's net sales of net sales mix in the first six months of 2011, compared to 41% in the first six months of 2010.

Video accounted for 40% of the sales mix in the first half of 2011, compared to 42% in the first half of 2010.

Home Office (a category consisting primarily of computers, mobile phones and tablets) accounted for 7% of the sales mix in the first half of 2011, compared to 5% in the first half of 2010.

Other products (a category consisting primarily of audio, furniture and accessories, mattresses, and personal electronics) accounted for 11% of the sales mix in the first half of 2011, compared to 12% in the first half of 2010.

The retailer said its appliance category saw both increased demand and an increase in average selling prices, driven largely by its efforts to capture more market share and outpace the marketplace in terms of comparable store sales growth.

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows