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

Retailer hhgregg: Appliances Help Drive 1Q Sales Increase
Aug 28, 2013
 Printable format
 Email this Article
 Search

Appliance and home electronics retailer hhgregg, Inc. reported that quarterly net sales were up 7.2% to $524.9 million, from $489.9 million in the same quarter of the previous year, thanks largely to increases in home appliance sales. The company also added 18 stores in the last 12 months.

In the first quarter of its current fiscal year, comparable store sales were up 0.8% compared to the same quarter in the previous year.

The company reported a net loss of $1.3 million in the quarter, which ended June 30, 2013, compared with a net loss of $5.7 million, in the same quarter of the previous year.

President and CEO Dennis May said the company was pleased with the early results and consumer feedback on new product lines introduced in its stores, and the company plans to keep expanding and refining these categories.

Appliances accounted for 52% of the retailer's sales in the most recent quarter, up from 49% in the same quarter of the previous year.

Consumer electronics sales accounted for 34% of sales, down from 40%. Computing and wireless accounted for 9%, unchanged from the same quarter in the previous year. Home products (a segment primarily consisting of fitness equipment, furniture and mattresses) accounted for 5% of sales, up from 2%.

Comparable store sales in the most recent quarter:
* appliances: up 7.5%
* consumer electronics: down 15.0%
* computing and wireless: up 13.2%
* home products: up 84.5%

hhgregg currently operates 228 stores in the United States.

Back to Daily News

 

Daily News

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

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

Jul 22, 2014: Weber-Stephen Breaks Ground on New Distribution Complex

Jul 22, 2014: Brinly-Hardy 175th Anniversary Brochure Wins 2014 PIAS Graphic Award

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