Thursday, March 27, 2008

Growing Electronics Retailer hhgregg Enters Florida Market

Chain-Wide Grand Opening Celebration Marks Expansion into Ninth State

INDIANAPOLIS, Mar 27, 2008 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader, hhgregg (NYSE:HGG), today announced its official entrance into the Florida market. With two new Florida locations opening this afternoon in Jacksonville and Daytona Beach, hhgregg now operates stores in nine different states. A chain-wide grand opening celebration and sale will be held March 27-29, with festivities to observe its launch into Florida.

"Our expansion into Florida demonstrates hhgregg's continued strong and controlled growth strategy of breaking into new markets with multiple locations, as we'll continue to open additional retail locations across the Sunshine State," said hhgregg Chairman and CEO, Jerry Throgmartin. "We look forward to serving and exceeding the needs of our Florida patrons by providing a superior customer purchase experience through our expert sales associates, new store designs, competitive prices and convenient delivery services."

The growing retailer's new Jacksonville and Daytona Beach stores represent its 90th and 91st locations, respectively.

Renowned for its experienced sales teams, hhgregg associates undergo a rigorous training process to help the customer make the most informed purchase decision possible.

"For 50 years, hhgregg's distinction in the marketplace has always been to ensure our customers have the most information possible in advance of their purchase decisions," said hhgregg President, Dennis May. "We pride ourselves on having the best educated sales force in the business."

hhgregg (NYSE:HGG) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(R) and Fine Lines(R). hhgregg currently operates 91 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.

SOURCE: hhgregg

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