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 Gains Appliance Market Share
Feb 8, 2012
 Printable format
 Email this Article
 Search


Appliance retailer hhgregg gained "significant" appliance market share in the third quarter of its current fiscal year, according to President and CEO Dennis May.

"While pleased with our overall comparable store sales increase of 3.9% and market share gains during the third fiscal quarter, we were disappointed with the macro trends across the video category," said May. "Our initiatives to gain market share in the appliances category and to grow our home office category sales have produced favorable results. Management believes the company gained significant market share in both of these categories during the quarter."

Hhgregg reported net income of $22.5 million for the three-month period ended December 31, 2011, down from $26.9 million in the same period in the previous year. For the nine-month period ended Dec. 31, 2011, net income was $27.7 million, down from $33.6 million in the comparable prior year period.

Appliance retailer hhgregg reported net income of $22.5 million for the three-month period ended December 31, 2011, down from $26.9 million in the same period in the previous year. For the nine-month period ended Dec. 31, 2011, net income was $27.7 million, down from $33.6 million in the comparable prior year period.

The retailer had a net addition of 35 stores in the previous 12 months, but also saw comparable store sales decrease 1.2% in the first nine months of its current fiscal year.

Net sales for the three and nine months ended Dec. 31, 2011 increased 26.9% and 19.7%, respectively, to $829.5 million and $1.9 billion, compared to the comparable prior-year periods.

Back to Daily News

 

Daily News

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

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

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