Tuesday, November 30, 2010

hhgregg Announces 50 Job Openings in Pensacola, FL Area

hhgregg Announces 50 Job Openings in Pensacola, FL Area

Appliance and Electronics Retailer Aims to Fill Available Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS--(BUSINESS WIRE)-- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is seeking enthusiastic, highly motivated residents to fill approximately 50 positions for a new store scheduled to open in the Pensacola, FL area in early 2011.

Positions are available for commissioned sales associates, managers-in-training, warehouse staff and customer service merchandisers for the new store located at 1210 Airport Boulevard, Pensacola, FL 32504.

"We are very excited to continue our ongoing Florida expansion and to serve residents at the new store, and we are seeking talented members of the local community to be part of the hhgregg team and to help make the new store a success," said Dan Turner, Southern Division Vice President, hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage those with a friendly attitude and a focus on customer service to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 173 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Thursday, November 18, 2010

hhgregg Announces Black Friday Deals and Extended Holiday Store Hours

hhgregg Announces Black Friday Deals and Extended Holiday Store Hours

Deals of up to 30% or More on Wide Variety of Televisions, Appliances, Audio Systems, Camcorders, plus storewide savings on cameras, computers, gaming and more

INDIANAPOLIS--(BUSINESS WIRE)-- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced hot deals for the holidays, including up to 30% or more off of a wide variety of televisions, appliances, audio systems, camcorders and more starting 4:00 a.m. on Friday, November 26th. All hhgregg stores will open at 4:00 a.m. on Black Friday, and remain open until 9:00 p.m. that night

The hhgregg Black Friday Door Buster deals and special offers include the following:

* 24" 1080P LCD TV for $149.99 (after $30 mail-in rebate)
* 50" Panasonic HDTV for $599.99
* 60" LG HDTV for $999
* Whirlpool Front Load Washer or Dryer for $399.99 each
* LG Blu-ray $59.99 (after $30.00 mail-in rebate)
* Toshiba 15.6" HD widescreen LCD laptop with Sempron processor for $299.99 (after $50 mail-in rebate))
* Microsoft X-Box 360 4GB Kinect Console for $299.99
* Kodak 12MP camera with 3X optical zoom, 3" LCD for $59.99 (after $10 mail-in rebate)

"We are excited to offer holiday shoppers not only these great door buster deals, but a fantastic holiday shopping experience, thanks to our knowledgeable and enthusiastic sales staff," said Jeff Pearson, vice president of marketing for hhgregg.

hhgregg will be open every day during the holiday shopping season, except for November 25th and December 25th with extended holiday store hours. One of the most compelling reasons to shop in stores is the availability of hhgregg's highly trained sales associates that can help customers select the gifts and products that best meet their needs. hhgregg's associates receive more than 200 hours of product training, so they are familiar with the features and benefits of the latest televisions, electronics and appliances. Consumers can also shop 24/7 at hhgregg.com. To learn more about hhgregg's Black Friday sales, please visit http://www.hhgregg.com

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 173 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, November 9, 2010

hhgregg Announces Fiscal Second Quarter Operating Results

hhgregg Announces Fiscal Second Quarter Operating Results

Second Quarter Highlights

* Net sales increased 44.8% to $480.9 million
* Comparable store sales for the fiscal quarter decreased 1.5% primarily driven by a 3.9% decrease in the appliance category partially offset by a 1.6% increase in the video category
* Net income decreased 20.4% to $3.9 million and net income per diluted share decreased 23.1% to $0.10
* Company opened 12 new stores in the quarter and remains on track to open a total of 43 new stores in fiscal year 2011
* Company updates its annual guidance of net income per diluted share to $1.30 to $1.45 from previous guidance of net income per diluted share of $1.35 to $1.45

See Full Release Here

Tuesday, November 2, 2010

hhgregg Announces the Grand Opening of Erie, PA Store

hhgregg Announces the Grand Opening of Erie, PA Store

New Store to Offer Wide Selection of Appliances and Electronics

INDIANAPOLIS, Nov 02, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open a new store in Erie, PA on Thursday, November 4th. The new store, located at 7451 Peach Street brings the company's total number of stores in Pennsylvania to 13.

A ribbon-cutting ceremony will take place at 2:45 p.m. on Thursday, followed by the official store opening at 3:00 p.m. hhgregg will hold a Grand Opening sale from November 4th - November 13th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the store, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are excited about opening a store in Erie and providing consumers with a chance to experience our wide selection of appliances and electronics, and our top notch customer service," said Jeff Pearson, vice president of marketing for hhgregg. "As the holiday season approaches, we hope residents in the Erie area will come into our store and experience all that we have to offer."

Approximately 50 residents have been hired to staff the 30,000 square foot store. Each employee undergoes a comprehensive training program and receives more than 200 hours of product training each year. Like all hhgregg locations, the new Erie store will showcase over 100 digital TVs and has more than 400 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 173 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

hhgregg Announces the Grand Opening of Manassas, VA Store

hhgregg Announces the Grand Opening of Manassas, VA Store

New Store to Offer Wide Selection of Appliances and Electronics

INDIANAPOLIS, Nov 02, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE: HGG) today announced that it will open a new store in Manassas, VA on Thursday, November 4th. The new store, located at 7412 Stream Walk Lane brings the company's total number of stores in the Washington D.C. area to 13.

A ribbon-cutting ceremony will take place at 2:45 p.m. on Thursday, followed by the official store opening at 3:00 p.m. hhgregg will hold a Grand Opening sale from November 4th - November 13th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the store, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"The opening of the new Manassas store symbolizes hhgregg's commitment to expanding its presence in the Washington D.C. area," said Jeff Pearson, vice president of marketing for hhgregg. "We look forward to providing residents in Manassas and the surrounding areas with a convenient place to shop for all of their appliance and electronics needs, just in time for the holidays."

Approximately 50 residents have been hired to staff the 30,000 square foot store. Each employee undergoes a comprehensive training program and receives more than 200 hours of product training each year. Like all hhgregg locations, the new Manassas store will showcase over 100 digital TVs and has more than 400 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 173 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Monday, October 25, 2010

hhgregg to Sell Tempur-Pedic (R) Mattresses

hhgregg to Sell Tempur-Pedic (R) Mattresses

Wide Selection of Mattresses Available at hhgregg, Convenient Home Delivery

INDIANAPOLIS, Oct 25, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will expand its mattress selection to include Tempur-Pedic mattresses. Beginning on October 31st, customers will be able to test and choose from a range of Tempur-Pedic models at hhgregg's 171 store locations throughout the Eastern and Midwestern United States.

Tempur-Pedic mattresses, the most highly recommended beds in America, are made with proprietary TEMPUR(R) material. Unlike traditional spring mattresses, Tempur-Pedic mattresses conform to each sleeper's body shape, weight and temperature to provide optimal support. There's a Tempur-Pedic mattress for every comfort preference, soft, medium, firm and everything in between, all made to deliver owners their best night's sleep.

"Mattresses have always been a unique offering for hhgregg, setting us apart from other retailers in our space," said Jeff Pearson, vice president of marketing for hhgregg. "It's a category that works well for our business because of the footprint of our warehouses and stores, and also provides value for customers because they get hhgregg's quality customer service to help them choose a new mattress and our convenient next-day in-home delivery."

For more information and store locations, please visit www.hhgregg.com

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 171 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, October 19, 2010

hhgregg Announces the Grand Opening of Naples, FL and Ft. Myers, FL Stores

hhgregg Announces the Grand Opening of Naples, FL and Ft. Myers, FL Stores

New Southwestern Florida Stores to Offer Wide Selection of Appliances and Electronics

INDIANAPOLIS, Oct 19, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open its new Naples, FL and Ft. Myers, FL stores on Thursday, October 21st. The new stores, located at 5052 Airport Pulling Road North in Naples, FL and 5100 South Cleveland Avenue, Suite 101 in Ft. Myers, FL, brings the company's total number of stores in the state to 22.

A ribbon-cutting ceremony will take place at 2:45 p.m. on Thursday, followed by the official store opening at 3:00 p.m. hhgregg will hold a Grand Opening sale from October 21st - October 30th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the store, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"The opening of our new stores in Naples and Ft. Myers illustrates hhgregg's commitment to expanding operations in Southwestern Florida," said Jeff Pearson, vice president of marketing for hhgregg. "Customers in both areas can expect to find the same great service and advice that has been the driving force of our growth and success."

Approximately 50 residents have been hired to staff each of the 30,000 square foot stores. Each employee undergoes a comprehensive training program and receives more than 200 hours of product training each year. Like all hhgregg locations, the new Naples and Ft. Myers stores will showcase over 100 digital TVs and have more than 400 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 171 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, October 5, 2010

hhgregg Teams Up with Family First and All Pro Dad To Promote Stronger Families

hhgregg Teams Up with Family First and All Pro Dad To Promote Stronger Families

Company to Support All Pro Dad Father & Kids Experience Events in Nine Markets

INDIANAPOLIS, Oct 05, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics retailer, hhgregg (NYSE:HGG), is pleased to announce that it has partnered with national non-profit organization, Family First, in a unique campaign to help strengthen and support American families. hhgregg has been named a Family Foundation Partner by Family First and is the title sponsor for multiple All Pro Dad Father & Kids experiences throughout the country. The All Pro Dad Father & Kids Experience is a hands-on event providing inspirational bonding opportunities for fathers and their children. hhgregg employees are also volunteering at these events.

"Our partnership with Family First and All Pro Dad provides us with a unique opportunity to give back to our customers and the communities in which they live," said Jeff Pearson, vice president of marketing for hhgregg. "Relationship-building is a core value at hhgregg, and we are proud to be a partner in this important mission to improve family relationships across the country."

All Pro Dad is Family First's innovative program helping men to be better fathers. All Pro Dad's 60 NFL spokesmen, multiple NFL seminars, 900 All Pro Dad's Days, and Play of the Day daily emails that reach almost 50,000 fathers each day, all inspire and equip fathers to be actively involved in their children's lives.

"The All Pro Dad Father & Kids Experience gives fathers and their children at each event the opportunity to spend the morning running football-themed drills and spending quality time together, while helping dads learn how to be better fathers," said Tony Dungy, national spokesman for All Pro Dad. "Without the help of companies like hhgregg, we couldn't do what we do to get the word out to dads on the importance of spending time and being present with their kids."

Other Family First programs that hhgregg will help support include the Family Minute, a broadcast program that offers practical, impactful and relevant advice on marriage, parenting and family relationships and is broadcast on 270 radio stations across the country daily, and iMom, a program that supports, inspires and encourages mothers as they strive to raise children who are wise, healthy, purpose-minded, and relationally-focused.

"We are pleased to name hhgregg a Family First Foundation Partner," said Mark Merrill, founder and President of Family First. "We believe hhgregg is a great partner for us because the company strongly shares our core values of promoting happy and healthy families."

For more information about hhgregg, please visit www.hhgregg.com. For more information about the hhgregg All Pro Dad Father & Kids Experience events, please visit www.AllProDad.com.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 169 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

ABOUT FAMILY FIRST

Family First is a national non-profit organization based in Tampa, Fla. Family First reaches thousands of parents each day through its three primary programs; All Pro Dad, www.AllProDad.com; iMOM, www.iMOM.com; and the Family Minute, www.FamilyMinute.com.

ABOUT ALL PRO DAD FATHER & KIDS EXPERIENCE

The All Pro Dad Father & Kids Experience is the football-themed event of All Pro Dad, the fatherhood program of Family First, a national non-profit organization based in Tampa, Fla. Launched with the help of former Tampa Bay Buccaneers and Indianapolis Colts head coach Tony Dungy in 1997, All Pro Dad features almost 60 NFL players, coaches, and alumni who encourage men to be good fathers.

Tuesday, September 28, 2010

hhgregg Announces the Grand Opening of New Chesapeake, VA Store

hhgregg Announces the Grand Opening of New Chesapeake, VA Store

14th Store in Virginia to Offer Wide Selection of Appliances and Electronics

INDIANAPOLIS, Sep 28, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open its new Chesapeake, VA store on Thursday, September 30th. The new store, located at 1543 Sams Circle, brings the company's total number of stores in the state to 14. hhgregg currently operates locations in Midlothian, Henrico, Colonial Heights, Roanoke, Newport News, Virginia Beach, Winchester, Fredericksburg, Springfield, Sterling, Fairfax, Falls Church and Woodbridge.

A ribbon-cutting ceremony will take place at 2:45 p.m. on Thursday, followed by the official store opening at 3:00 p.m. hhgregg will hold a Grand Opening sale from September 30th - October 2nd, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the store, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"With the opening of our new Chesapeake store we continue to establish our presence in the state of Virginia," said Jeff Pearson, vice president of marketing for hhgregg. "Customers in Chesapeake and the Hampton Roads area will find the same great service and advice that has been the driving force of our growth and success."

Approximately 50 residents have been hired to staff the roughly 30,000 square foot store. Each employee undergoes a comprehensive training program and receives more than 200 hours of product training each year. Like all hhgregg locations the new Chesapeake store will showcase over 100 digital TVs and have more than 400 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 169 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Monday, September 20, 2010

hhgregg Announces 50 Job Openings in Manassas, VA

hhgregg Announces 50 Job Openings in Manassas, VA

Appliance and Electronics Retailer Aims to Fill Sales, Warehouse, Customer Service and Manger-in-Training Positions

INDIANAPOLIS, Sep 20, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is seeking enthusiastic, highly motivated Virginia-area residents to fill approximately 50 positions for a new store scheduled to open in Manassas, VA this Fall.

Positions are available for commissioned sales associates, managers-in-training, warehouse staff and customer service merchandisers for the new store located at 7412 Stream Walk Lane. Interested applicants are encouraged to complete an online application and assessment at http://www.hhgregg-jobs.com. Accepted applicants will be invited to interviews from September 20th -October 8th.

"As we continue to grow and expand in Virginia, we are actively seeking new employees to become a part of the hhgregg team," said hhgregg Regional Manager Maria Purcell. "There are many exciting opportunities for motivated individuals looking to grow with hhgregg. We encourage those with a friendly attitude and a focus on customer service to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 168 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Wednesday, September 15, 2010

hhgregg Announces 50 Job Openings in Erie, PA Area

hhgregg Announces 50 Job Openings in Erie, PA Area

Appliance and Electronics Retailer Aims to Fill Sales, Warehouse, Manager-in-Training and Customer Service Positions

INDIANAPOLIS, Sep 15, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is seeking enthusiastic, highly motivated Pennsylvania residents to fill approximately 50 positions for a new store scheduled to open in Erie, PA this Fall.

Positions are available for commissioned sales associates, managers-in-training, warehouse staff and customer service merchandisers for the new store located at 7451 Peach Street. Interested applicants are encouraged to complete an online application and assessment at http://www.hhgregg-jobs.com.

Accepted applicants will be invited to interviews from September 20th -October 8th.

"As we continue to expand in Pennsylvania, we are actively seeking talented members of the local community to be part of the hhgregg team," said hhgregg Regional Manager Chapman Logsdon. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage those with a friendly attitude and a focus on customer service to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 168 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, September 14, 2010

hhgregg Announces Grand Opening of 10 New Stores in the Washington, D.C. Area

hhgregg Announces Grand Opening of 10 New Stores in the Washington, D.C. Area
Grand Opening Sales September 16th - 26th on a Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Sep 14, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced today that it will hold Grand Opening sales in all of its Washington, D.C. area stores to celebrate the opening of ten new stores in the market and welcome new customers. The sales will run at each Washington-area hhgregg location from September 16th-September 26th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on a wide variety of items, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

Ribbon-cutting ceremonies for each of the new stores will take place at 2:45 p.m. on Thursday, September 16th followed by the launch of the Grand Opening sales at 3:00 p.m.

The new Washington, D.C. area stores are located at:

1731 Carl D. Silver Pkwy, Fredericksburg, VA 22401

6640 Loisdale Road, Springfield, VA 22150

3000 Festival Way, Waldorf, MD 20601

46301 Potomac Run Plaza #120, Sterling, VA 20164

12189 Fair Lakes Promenade Dr, Fairfax, VA 22033

5710 Columbia Pike, Falls Church, VA 22041

14500 Potomac Mills Rd, Woodbridge, VA 22192

1501 Rockville Pike, Rockville, MD 20852

1020 Shoppers Way Largo, MD 20774

7320 Guilford Dr, Frederick, MD 21704

These ten new locations bring hhgregg's total number of stores in the Washington, D.C. area to twelve. It's first stores in the market, located at 17766 Garland Groh Boulevard in Hagerstown, MD and 2580 South Pleasant Valley Road in Winchester, VA opened in April 2010. The Hagerstown and Winchester stores will also participate in the Grand Opening sales.

"Expanding into the Washington, D.C. market has been an important landmark of our company's growth," said Jeff Pearson, vice president of marketing for hhgregg. "We look forward to providing residents with the widest selection of appliances and electronics along with the friendly and professional customer service experience that set us apart from the competition."

More than 600 residents from the area have been hired to staff hhgregg's Washington, D.C. stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 168 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Thursday, August 26, 2010

hhgregg Remains the Official High-Definition TV Retailer of the Cincinnati Bengals

hhgregg Remains the Official High-Definition TV Retailer of the Cincinnati Bengals Company to Present Bengals Preseason Telecasts in High-Definition for the Third Straight Year

INDIANAPOLIS, Aug 26, 2010 (BUSINESS WIRE) -- For the third straight year, Indianapolis-based appliance and electronics retailer, hhgregg (NYSE:HGG), is pleased to announce that it has been named the official high-definition TV retailer of the Cincinnati Bengals.

To celebrate the continued partnership, each of the Bengals team-produced preseason games will be broadcast in high-definition and presented by hhgregg. The following telecasts will be carried on Local 12 (WKRC-CBS) in Cincinnati and across the Bengals Television Network:

* Saturday, August 28, Bengals @ Buffalo, 6:30 p.m.
* Thursday, September 2, Bengals @ Indianapolis, 7 p.m.

In addition, the Company is offering fans the chance to register at www.hhgregg.com/bengals to enter their child, age 8-14, for the chance to be the hhgregg "Kickoff Kid of the Game." One lucky winner, which will be determined by random drawings, will receive four VIP tickets, special sideline access, a Samsung camera and a chance run on to the field and retrieve the kicking tee.

"We are proud to extend our partnership with the Cincinnati Bengals," said Jeff Pearson, vice president of marketing for hhgregg. "High definition television enhances the football viewing experience for fans, and hhgregg is excited to be able to deliver it to them."

Bengals fans that are in the market for a new high-definition TV can visit their local hhgregg store or shop online at http://www.hhgregg.com/ to browse the Company's wide selection of digital TVs. All hhgregg stores currently showcase over 100 digital TVs and have more than 500 major appliances in stock every day. The company has competitive prices and highly trained sales associates who aim to provide top-notch customer service.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 158 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

hhgregg Announces 50 Job Openings in Chesapeake, VA Area

hhgregg Announces 50 Job Openings in Chesapeake, VA Area
Appliance and Electronics Retailer Aims to Fill Available Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS, Aug 26, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is seeking enthusiastic, highly motivated Virginia residents to fill approximately 50 positions for a new stores scheduled to open in Chesapeake, VA this Fall.

hhgregg expects to hire about 50 commissioned sales associates, warehouse staff and customer service merchandisers the new store located at 1543 Sams Circle Chesapeake, VA 23320.

"As we continue to expand in Virginia, we are actively seeking talented members of the local community to be part of the hhgregg team," said Andrew Eaton, Regional Manager, hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage those with a friendly attitude and customer service focus to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 158 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, August 24, 2010

hhgregg Announces 100 Job Openings in Southwestern Florida

hhgregg Announces 100 Job Openings in Southwestern Florida
Appliance and Electronics Retailer Aims to Fill Available Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS, Aug 24, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is seeking enthusiastic, highly motivated Florida residents to fill approximately 100 positions for two new stores scheduled to open in Naples, FL and Fort Myers, FL this Fall.

hhgregg expects to hire about 50 commissioned sales associates, warehouse staff and customer service merchandisers for each of the new stores located at 5052 Airport Pulling Road North in Naples, FL and 5100 South Cleveland Avenue, Suite 101 in Fort Myers, FL.

"As we expand operations in Southwestern Florida, we are actively seeking talented members of the local community to be part of the hhgregg team," said Curtis Etheridge, Regional Manager, hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage those with a friendly attitude and customer service focus to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 158 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Tuesday, August 10, 2010

hhgregg Announces Grand Opening of Berwyn/King of Prussia Store

hhgregg Announces Grand Opening of Berwyn/King of Prussia Store

Largest Storefront in Pennsylvania to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Aug 10, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced it will open a new store in Berwyn, Pennsylvania on Thursday, August 12th. The new store located at 400 West Swedesford Road brings the company's total number of stores in the Philadelphia and Greater Delaware Valley area to 13. hhgregg currently operates locations in Dover, Newark and Wilmington, DE; Lawrenceville, Mays Landing and Woodbury, NJ; and Downingtown, Langhorne, North Wales, Philadelphia, Whitehall and Wyomissing, PA.

A ribbon-cutting ceremony for the store will take place at 2:45 p.m. on Thursday, followed by the official store opening at 3:00 p.m. To celebrate the market's newest location, all hhgregg stores located in the Philadelphia and Greater Delaware Valley area will participate in a Grand Opening Celebration Sale from August 12th-August 21st, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will be able to take advantage of low prices and special financing options on a wide variety of items, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are very excited about expanding operations in Pennsylvania and debuting hhgregg's largest storefront in the state," said Jeff Pearson, vice president of marketing for hhgregg. "We think residents will be pleased with the wide selection of appliances and electronics on display at our stores, and hope that they will enjoy our friendly and professional customer service, which are the hallmarks of our company."

Approximately 50 residents from the area have been hired to staff the 40,000 square foot store. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations, the new store at Berwyn/King of Prussia will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://www.hhgreggnewstores.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 158 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

Thursday, July 8, 2010

hhgregg Announces 500 Job Openings for 10 New Stores in the Washington D.C. Area

hhgregg Announces 500 Job Openings for 10 New Stores in the Washington D.C. Area

Appliance and Electronics Retailer Aims to Fill Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS, Jul 08, 2010 (BUSINESS WIRE) -- With 10 new stores slated to open in the Washington D.C. area this fall Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it is seeking enthusiastic, highly motivated D.C. area residents to fill approximately 500 open positions at its new locations. A job fair for each new store will be held on July 19th - 21st from 9:00am - 7:00pm. Venue information can be found below.

hhgregg is now accepting online applications for commissioned sales associates, warehouse staff and customer service merchandiser positions. The Company plans to hire approximately 50 employees for each of the following store locations:

New Store Location
Fairfax, VA: 12189 Fair Lakes Promenade Dr.

Job Fair Venue
The Marriott at Fair Oaks: 11787 Lee Jackson Memorial
Highway, Fairfax, VA 22033

New Store Location
Falls Church, VA: 5710 Columbia Pike

Job Fair Venue
Hilton Alexandria Mark: 5000 Seminary Road, Alexandria,
VA 22311

New Store Location
Fredericksburg, VA: 1731 Carl D. Silver Pkwy

Job Fair Venue
The Hampton Inn & Suites: 1080 Hospitality Lane,
Fredericksburg VA 22401

New Store Location
Springfield, VA: 6640 Loisdale Road

Job Fair Venue
The Comfort Inn: 6560 Loisdale Court,
Springfield, VA 22150

New Store Location
Sterling, VA: 46301 Potomac Run Plaza #120

Job Fair Venue
The Hampton Inn: 46331 McCellan Way,
Sterling, VA 20165

New Store Location
Woodbridge, VA: 14500 Potomac Mills Rd.

Job Fair Venue
The WyteStone Suites of Potomac Mills: 14525
Gideon Drive, Woodbridge, VA 22192

New Store Location
Frederick, MD: 7320 Guilford Dr.

Job Fair Venue
The Holiday Inn: 5400 Holiday Inn, Frederick, MD
21703

New Store Location
Largo, MD (Landover): 1020 Shoppers Way

Job Fair Venue
The Hampton Inn: 9421 Largo Drive West,
Largo, MD 20774

New Store Location
Rockville, MD: 1501 Rockville Pike

Job Fair Venue
The Legacy Hotel and Meeting Center: 1775
Rockville Plaza, Rockville, MD 20852

New Store Location
Waldorf, MD: 3000 Festival Way

Job Fair Venue
Courtyard Waldorf: 3145 Crain Highway,
Waldorf, MD 20603

"As we continue to move forward with our mid-Atlantic expansion, we look forward to hiring talented members of the local community to be part of the hhgregg team," said Greg Walker, vice president, Mid-Atlantic region. "There are many exciting opportunities for motivated individuals looking to grow with our company. We encourage anyone who is interested in joining our team to apply."

Like all hhgregg employees, newly hired associates will undergo a comprehensive training program that includes over 200 hours of product training. The program is designed to ensure each associate is well prepared to answer all product related questions in order to help customers make the best purchase decisions. Each hhgregg store showcases over 100 digital TVs and has more than 500 major appliances in stock every day.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgreggnewstores.com/, or visit http://www.hhgregg.com/.

CORPORATE OVERVIEW

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 157 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

SOURCE: hhgregg

Thursday, May 27, 2010

hhgregg Announces Full Year Operating Results and Issues Fiscal Year 2011 Guidance Fiscal Year 2010 Highlights

hhgregg Announces Full Year Operating Results and Issues Fiscal Year 2011 Guidance
Fiscal Year 2010 Highlights


* Net sales increase 9.9% to $1.5 billion; comparable store sales decrease 6.6%
* 21 net new stores opened during the fiscal year
* Net income increases 7.4% to $39.2 million

Fiscal Year 2011 Guidance Highlights

* Company remains on pace for 40 - 45 new store openings in fiscal 2011
* Company establishes net income per diluted share guidance range for fiscal 2011 of $1.35 - $1.45
* Company expects comparable stores sales growth of flat to positive 2%
* Company expects net sales increase of 40 - 45%

Click her for full operating results.

Monday, May 17, 2010

hhgregg, Inc. Announces Conference Call to Discuss Fourth Quarter Operating Results

hhgregg, Inc. Announces Conference Call to Discuss Fourth Quarter Operating Results

INDIANAPOLIS, May 17, 2010 (BUSINESS WIRE) -- hhgregg, Inc.(NYSE:HGG) today announced that it will be conducting a conference call to discuss its operating results for its fourth fiscal quarter ended March 31, 2010 on Thursday, May 27, 2010 at 9:00 a.m. Eastern Time.

Interested investors and other parties may listen to a simultaneous webcast of the conference call by logging onto the Company's investor relations page at www.hhgregg.com. The call can also be accessed over the phone by dialing (877) 304-8963. Callers should reference the hhgregg fourth quarter earnings call. A replay of the earnings call will be available on the Company's website through June 27, 2010.

About hhgregg

hhgregg is a specialty retailer of consumer electronics, home appliances, and related products and services operating under the name hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 157 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia.

hhgregg Announces the Grand Opening of Twelve New Stores Serving Residents in Philadelphia and Greater Delaware Valley Area

hhgregg Announces the Grand Opening of Twelve New Stores Serving Residents in Philadelphia and Greater Delaware Valley Area

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, May 17, 2010 (BUSINESS WIRE) -- As part of its ongoing commitment to expand operations in the mid-Atlantic region, Indianapolis-based appliance and electronics leader hhgregg (NYSE: HGG) today announced that it will open its first stores in the state of Delaware and New Jersey along with six other stores in the state of Pennsylvania on Thursday, May 20th. The new stores can be found at the following locations:

Dover, DE - 1380 N Dupont Hwy. Dover, DE 19901
Newark, DE (Christiana) - 700 Center Blvd. Newark, DE 19702
Wilmington, DE - 1000 Brandywine Pkwy Wilmington, DE 19803
Lawrenceville, NJ (Princeton) - 3371 US Hwy 1, Space #34 Lawrenceville, NJ 08648
Mays Landing, NJ (Atlantic City) - 4215 Black Horse Pike Mays Landing, NJ 08330
Woodbury, NJ (Deptford) - 2000 Clements Bridge Rd. Woodbury, NJ 08096
Downingtown, PA (Exton) - 10 Quarry Road Downingtown, PA 19335
Langhorne, PA (Oxford Valley) - 100 Lincoln Plaza Langhorne, PA 19047
North Wales, PA (Montgomeryville) - 1251 Knapp Road North Wales, PA 19454
Philadelphia, PA (NE Philadelphia) - 9733 Roosevelt Blvd. Philadelphia, PA 19114
Whitehall, PA (Allentown) - 740 Lehigh Valley Mall Whitehall, PA 18052
Wyomissing, PA (Reading) - 1101 Woodland Ave., Suite 4000 Wyomissing, PA 19610

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Extended Grand Opening sales will be held at each new store from May 20th - June 3rd, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are excited to expand our footprint into the Philadelphia and Greater Delaware Valley area," said Jeff Pearson, vice president of marketing for hhgregg. "Shoppers will be pleased that Grand Opening sales have been extended to two full weeks of fantastic deals on more than 100 digital TVs and 500 appliances! The opening of these new stores demonstrates our commitment to the market by providing area residents a convenient place to shop, competitive prices and top-notch customer service. Our friendly and knowledgeable sales team looks forward to helping area residents shop for all of their electronics needs."

Over 600 employees have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations the new stores will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To celebrate the new stores, and introduce consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to all New Jersey residents from May 10th - June 4th. Residents simply need to download a picture of hhgregg's mascot, "hh," take a picture of him at their favorite location in New Jersey, and post it to his Facebook page http://www.facebook.com/hhgreggSalesGuide for a chance to win a digital camera. For official rules, please visit: www.hhgregg.com/ShowMeYourState.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgregg.com/, or visit http://hhgreggnewstores.com/.

CORPORATE OVERVIEW

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 157 stores in Alabama, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, South Carolina, Tennessee, Pennsylvania and Virginia. To learn more about upcoming hhgregg store openings, please visit: http://www.hhgreggnewstores.com/.

Monday, May 3, 2010

hhgregg Announces the Grand Opening of Six Baltimore, MD Area Stores

hhgregg Announces the Grand Opening of Six Baltimore, MD Area Stores
Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, May 03, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open six new stores in the Baltimore, MD area on Thursday, May 6th. The new stores can be found at the following locations:

* Hanover, MD: 7667 Arundel Mills Blvd. Hanover, MD 21076
* Annapolis, MD: 150 - A Jennifer Road, Annapolis, MD 21401
* Cantonsville, MD: 6026 Baltimore National Pike, Catonsville, MD 21228
* Bel Air, MD: 680 Marketplace Dr. Bel Air, MD 21014
* Towson, MD: 801 Goucher Blvd, Towson, MD 21286
* Glen Burnie, MD: 6711 Ritchie Highway, Glen Burnie, MD 21061

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Grand Opening sales will be held at each new store from May 6th - May 15th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are excited to expand our footprint in the state of Maryland by opening our first Baltimore area stores," said Jeff Pearson, vice president of marketing for hhgregg. "We think residents will be pleased with the wide selection of appliances and electronics on display at our stores, and hope that they will enjoy our friendly and professional customer service, which are the hallmarks of our company."

Approximately 300 residents from the area have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations, the new stores will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To learn more about upcoming hhgregg store openings, please visit the "hhGO" link on the company's website, http://www.hhgreggnewstores.com/, or visit http://hhgreggnewstores.com/.

CORPORATE OVERVIEW

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 145 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Pennsylvania and Virginia.

Friday, April 23, 2010

hhgregg to Participate in the Barclays Capital 2010 Retail and Restaurants Conference

hhgregg to Participate in the Barclays Capital 2010 Retail and Restaurants Conference

INDIANAPOLIS, Apr 23, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics retailer, hhgregg Inc. (NYSE:HGG) today announced that its President and Chief Executive Officer Dennis L. May, and its Chief Financial Officer, Jeremy J. Aguilar, will address investors at the Barclays Capital 2010 Retail and Restaurants Conference.

The presentation will take place at 1:45 p.m. Eastern Time on Wednesday, April 28, 2010, at the Crowne Plaza Hotel Times Square in New York City. A webcast of the presentation may be accessed at: http://cc.talkpoint.com/barc002/042810a_rb/?entity=32_Q6YWLW6 or by accessing the Events section of our investor relations website at: http://ir.hhgregg.com/events.cfm.

CORPORATE OVERVIEW

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 139 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee and Virginia. For more information about the Company, please visit http://www.hhgregg.com.

SOURCE: hhgregg Inc.

Monday, April 19, 2010

hhgregg Announces the Grand Opening of Eight New Stores Serving Residents in Central PA, MD and VA

hhgregg Announces the Grand Opening of Eight New Stores Serving Residents in Central PA, MD and VA

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Apr 19, 2010 (BUSINESS WIRE) -- As part of its ongoing commitment to expand operations in the mid-Atlantic region, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open its first stores in the states of Pennsylvania and Maryland along with an additional store in the state of Virginia on Thursday, April 22nd. The new stores can be found at the following locations:

* Harrisburg, PA: 5125 Jonestown Rd. Lower Paxton, PA 17112
* Lancaster, PA: 1700 Fruitville Pike, Suite G, Lancaster, PA 17601
* Mechanicsburg, PA: 5800 Carlisle Pike, Mechanicsburg, PA 17050
* Scranton, PA: 620 Commerce Blvd. Dickson City, PA 18519
* Wilkes-Barre, PA: 101 Wyoming Valley Mall, Unit 900, Wilkes-Barre, PA 18702
* York, PA: 351 Loucks Rd. Bldg. B, York, PA 17404
* Hagerstown, MD: 17766 Garland Groh Blvd. Hagerstown, MD 21740
* Winchester, VA: 2580 South Pleasant Valley Rd. Winchester, VA 22601

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Grand Opening sales will be held at each new store from April 22nd - May 1st, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"Entering the states of Pennsylvania and Maryland and expanding in the state of Virginia is an important milestone for our company and completes another phase of our strategic plan to expand operations in the mid-Atlantic region," said Jeff Pearson, vice president of marketing for hhgregg. "Residents in each area can expect to find a wide selection of electronics and appliances at competitive prices, along with top-notch customer service from our knowledgeable sales team."

Over 350 employees have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations the new stores will showcase over 100 digital TVs and have more than 500 major appliances in stock every day.

To celebrate the new stores, and introduce more consumers to hhgregg, the Company will launch its "Show Me Your State" Facebook photo contest to all Pennsylvania residents from April 19th - May 8th. Residents simply need to download a picture of hhgregg's mascot, "hh," take a picture of him at their favorite location in Pennsylvania, and post it to his Facebook page http://www.facebook.com/hhgreggSalesGuide for a chance to win a digital camera. The company's "Show Me Your State" contest for Maryland residents will begin on May 4th and run through May 22nd. For official rules, please visit: www.hhgregg.com/ShowMeYourState

CORPORATE OVERVIEW

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 139 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, Pennsylvania and Virginia.

Tuesday, March 30, 2010

hhgregg Announces 600 Job Openings for 12 New Stores in the Philadelphia Area

hhgregg Announces 600 Job Openings for 12 New Stores in the Philadelphia Area

Appliance and Electronic Retailer Provides Opportunities for Enthusiastic and Motivated Philly-Area Residents

INDIANAPOLIS, Mar 30, 2010 (BUSINESS WIRE) -- As part of its commitment to expand operations in the mid-Atlantic region, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it is looking to fill approximately 600 positions for 12 new stores that are scheduled to open in Pennsylvania, New Jersey and Delaware this Spring.

"As we continue our mid-Atlantic expansion, entering the states of Pennsylvania, Delaware and New Jersey, now is an exciting time to join the hhgregg team," said Dennis L. May, President and CEO of hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company."

hhgregg is now accepting online applications for commissioned sales associates, warehouse staff and customer service merchandiser positions. The company plans to hire approximately 50 employees for each of the following store locations:

Woodbury, NJ: 2000 Clements Bridge Road, Woodbury, NJ 08096

Newark, DE: 700 Center Blvd, Newark, DE 19702

Langhorne, PA: 100 Lincoln Plaza, Langhorne, PA 19047

Whitehall PA: 740 Lehigh Valley Mall, Whitehall, PA 18052

North Wales PA: 1251 Knapp Road, North Wales, PA 19454

NE Philadelphia PA: 9733 Roosevelt Blvd, Philadelphia, PA 19114

Downingtown PA: 10 Quarry Road, Downingtown, PA 19335

Wyomissing PA: 1101 Woodland Ave., Suite 4000, Wyomissing, PA 19610

Mays Landing NJ: 4215 Black Horse Pike, Mays Landing, NJ 08330

Lawrenceville NJ: 3371 US Hwy 1, Space #34, Lawrenceville, NJ 08648

Wilmington DE: 1000 Brandywine Pkwy, Wilmington, DE 19803

Dover DE: 1380 N Dupont Hwy, Dover, DE 19901

"We are actively seeking energetic, customer-serviced focused people to fill the open positions in the Philadelphia area and will provide top-notch training to those who join us," said Greg Walker, Mid-Atlantic Vice President for hhgregg. "Our comprehensive training program provides more than 200 hours of training for each sales associate, giving each person the knowledge and resources they need to succeed."

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website. An online application and assessment must be completed in order to secure an interview with the company. To apply online, please visit http://www.hhgregg-jobs.com/

CORPORATE OVERVIEW

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 131 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Thursday, March 25, 2010

hhgregg Announces hhgives Contest To Honor One Inspirational Central Pennsylvania Resident

hhgregg Announces hhgives Contest To Honor One Inspirational Central Pennsylvania Resident

Appliance and Electronics Retailer to Select One Winner to Receive a Frigidaire Stainless Steel Appliance Package

INDIANAPOLIS, Mar 25, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced the launch of its hhgives Contest in Central Pennsylvania. In honor of its new stores in that region, hhgregg is asking residents to nominate a community member that provides inspiration to others in some way. The winner will receive a Frigidaire stainless steel appliance package, including a gas or electric range, a microwave oven, a dishwasher and a side-by-side refrigerator. The prize has a retail value of $3,700.

Contest entries will consist of an essay of 150 words or less describing the reason why the person being nominated deserves to win. Entries will be accepted until April 8, 2010 and the winner will be notified by April 13, 2010.

"We are very grateful for the enthusiasm Central Pennsylvania has shown us in advance of our new store openings and wanted to find a way to give back to the community," said Greg Walker, Mid-Atlantic Vice President for hhgregg. "We believe this is a great way to honor outstanding community members such as those who consistently give more than they take, or those who have overcome a big hardship and maintained a positive outlook throughout."

The hhgives contest is open to all residents of Central Pennsylvania as well as anyone located within a fifty-mile radius of Winchester, Virginia and Hagerstown, Maryland. For more information, visit http://wwww.hhgregg.com/hhgives

CORPORATE OVERVIEW

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 131 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Tuesday, March 23, 2010

hhgregg Announces the Grand Opening of its Colonial Heights, VA and Roanoke, VA stores

hhgregg Announces the Grand Opening of its Colonial Heights, VA and Roanoke, VA stores

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Mar 23, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open two new stores in Virginia on Thursday, March, 25th. The new stores are located in Colonial Heights at 820 Southpark Blvd. and Roanoke at 1900 Valley View Blvd. NW and bring the company's total number of stores in the state to six. hhgregg currently operates locations in Midlothian, Henrico, Newport News and Virginia Beach.

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Grand Opening sales will be held at each new store from March 25th - April 3rd, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"The opening of our Colonial Heights and Roanoke stores illustrates hhgregg's commitment to expand operations in the state of Virginia," said Jeff Pearson, vice president of marketing at hhgregg. "Shoppers in both areas can expect to find a wide selection of electronics and appliances at competitive prices, along with top-notch customer service from our knowledgeable sales team."

Approximately 50 residents from each area have been hired to staff the roughly 30,000 square foot stores. All employees undergo a comprehensive training program and receive more than 200 hours of product training each year. Like all hhgregg locations the Colonial Heights and Roanoke stores will showcase over 100 digital TVs and have more than 400 major appliances in stock every day.

CORPORATE OVERVIEW

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 131 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Monday, March 15, 2010

hhgregg Announces 300 Job Openings for Six New Stores in the Baltimore Area

hhgregg Announces 300 Job Openings for Six New Stores in the Baltimore Area

Appliance and Electronics Retailer Aims to Fill Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS, Mar 15, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is looking to fill approximately 300 positions for six new stores scheduled to open in the Baltimore market this Spring.

hhgregg expects to hire about 50 employees for each of the following store locations:

Hanover, MD: 7667 Arundel Mills Blvd. Hanover, MD 21076

Annapolis, MD: 150 - A Jennifer Road, Annapolis, MD 21401

Catonsville, MD: 6026 Baltimore National Pike, Catonsville, MD 21228

Bel Air, MD: 680 Marketplace Dr. Bel Air, MD 21014

Towson, MD: 801 Goucher Blvd, Towson, MD 21286

Glen Burnie, MD: 6711 Ritchie Highway, Glen Burnie, MD 21061

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website, http://www.hhgregg-jobs.com/. An online application and assessment must be completed in order to secure an interview with the company.

"As we continue our mid-Atlantic expansion, adding six new stores near Baltimore in the coming months, we are actively seeking energetic, customer-serviced focused people to be a part of our team," said Greg Walker, Mid-Atlantic Vice President for hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage anyone who is interested in joining our team to apply."

Online applications for commissioned sales associates, warehouse staff and customer service merchandiser positions will be accepted. Sales experience is preferred, but retail experience is not required. hhgregg has a comprehensive training program, which provides more than 200 hours of training for each sales associate. To apply online, please visit http://www.hhgregg-jobs.com/

CORPORATE OVERVIEW

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 129 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Wednesday, March 10, 2010

hhgregg Announces 115 Job Openings in Hagerstown, MD and Winchester, VA

hhgregg Announces 115 Job Openings in Hagerstown, MD and Winchester, VA

Appliance and Electronics Retailer Aims to Fill Positions in Sales, Warehouse, Customer Service and Management

INDIANAPOLIS, Mar 09, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is looking to fill approximately 100 job openings for two new stores located in Hagerstown, Maryland and Winchester, Virginia that are scheduled to open this Spring. The company also plans to hire 15 managers-in-training for additional stores it plans to open in the area later this year.

hhgregg expects to hire about 50 sales associates, warehouse staff and customer service merchandiser personnel for the stores located at 17766 Garland Groh Boulevard in Hagerstown, MD and 2580 South Pleasant Valley Road in Winchester, VA. The company is also accepting applications to fill 15 available manager-in-training positions for employees who would train at the Hagerstown and Winchester stores this Spring and be assigned to manage new stores in the mid-Atlantic region later this year.

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website, http://www.hhgregg-jobs.com/. An online application and assessment must be completed in order to secure an interview with the company. Interviews will take place March 8th -29th.

"hhgregg is excited to be expanding in Maryland and Virginia and we are actively seeking talented members of the local community to be part of the hhgregg team," said Greg Walker, Mid-Atlantic Vice President for hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company."

hhgregg encourages candidates with a friendly attitude and customer-service focus to apply. Sales experience is preferred, but retail experience is not required. hhgregg has a comprehensive training program, which provides more than 200 hours of training for each sales associate. To apply online, please visit http://www.hhgregg-jobs.com/

CORPORATE OVERVIEW

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 129 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

SOURCE: hhgregg

hhgregg Announces the Grand Opening of its Virginia Beach, VA and Newport News, VA stores

hhgregg Announces the Grand Opening of its Virginia Beach, VA and Newport News, VA stores

Stores to Feature Wide Selection of Brand Name Appliances and Electronics

INDIANAPOLIS, Mar 09, 2010 (BUSINESS WIRE) -- Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) today announced that it will open two new stores in the state of Virginia on Thursday, March, 11th. The new stores are located in Virginia Beach at 3421 Virginia Beach Blvd. and Newport News at 12140 Jefferson Ave.

A ribbon-cutting ceremony for each store will take place at 2:45 p.m. on Thursday, followed by the official store openings at 3:00 p.m. Grand Opening sales will be held at each new store from March 11th - March 20th, providing local residents with low prices on hhgregg's wide selection of televisions, appliances and electronics. Customers will also be able to take advantage of special financing options on items throughout the stores, and will have a chance to register to win a Frigidaire Stainless Steel Appliance Package or a Magellan GPS.

"We are very excited about expanding our operations in the state of Virginia," said Jeff Pearson, vice president of marketing, hhgregg. "We think residents in both areas will be pleased with the wide selection of appliances and electronics on display at our stores, and hope that they will enjoy our friendly and professional customer service, which are the hallmarks of our company."

Approximately 50 residents from each area have been hired to staff the roughly 30,000 square foot stores. The company is still accepting applications for open positions at each location. Individuals interested in applying are encouraged to visit the "Careers" section on hhgregg's website, http://www.hhgregg-jobs.com/. An online application and assessment must be completed in order to secure an interview with the company. All hhgregg employees undergo a comprehensive training program and receive more than 200 hours of product training each year.

CORPORATE OVERVIEW

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 129 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

SOURCE: hhgregg

Friday, February 19, 2010

hhgregg Announces 240 Job Openings in Pennsylvania

hhgregg Announces 240 Job Openings in Pennsylvania

Appliance and Electronics Retailer Aims to Fill Available Positions in Sales, Warehouse and Customer Service

INDIANAPOLIS, Feb 19, 2010 (BUSINESS WIRE) -- Today, Indianapolis-based appliance and electronics leader hhgregg (NYSE:HGG) announced it is looking to fill approximately 240 positions for six new stores scheduled to open in the Harrisburg, PA and Wilkes-Barre, PA markets this Spring.
hhgregg expects to hire about 40 employees for each of the following store locations:

Lower Paxton, PA: 5125 Jonestown Rd, Lower Paxton,PA 17112

Mechanicsburg, PA: 5800 Carlisle Pike, Mechanicsburg, PA 17050

Lancaster, PA: 1700 Fruitville Pike, Suite G, Lancaster, PA 17601

York, PA: 351 Loucks Rd. Bldg. B, York, PA 17404

Wilkes-Barre PA: 107 Wyoming Valley Mall, Wilkes-Barre, PA 18702

Dickson City PA: 620 Commerce Blvd., Dickson City, PA 18519

Individuals interested in applying for the open positions are encouraged to visit the "Careers" section on hhgregg's website, http://www.hhgregg-jobs.com/. An online application and assessment must be completed in order to secure an interview with the company.

"As we continue our expansion to Pennsylvania, we are actively seeking talented members of the local community to be part of the hhgregg team," said Greg Walker, Mid-Atlantic Vice President for hhgregg. "There are many exciting opportunities at hhgregg for motivated individuals looking to grow with our company. We encourage those with a friendly attitude and customer service focus to apply."

Online applications for commissioned sales associates, warehouse staff and customer service merchandiser positions will be accepted. Sales experience is preferred, but retail experience is not required. hhgregg has a comprehensive training program, which provides more than 200 hours of training for each sales associate. To apply online, please visit http://www.hhgregg-jobs.com/

CORPORATE OVERVIEW

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 127 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

SOURCE: hhgregg

hhgregg

Thursday, February 4, 2010

hhgregg Announces Fiscal Third Quarter Operating Results

hhgregg Announces Fiscal Third Quarter Operating Results
Third Quarter Highlights

* Net income increased 32.8% over the prior year while net income per diluted share increased 9.6% to $0.57
* Net sales increased 20.3% to $500.4 million; comparable store sales declined 0.2%
* Ten new stores opened during the quarter in three new markets; Mid-Atlantic expansion ahead of schedule
* Company reiterates its net income per diluted share guidance range for fiscal year 2010 of $0.90 to $1.00

INDIANAPOLIS, Feb 04, 2010 (BUSINESS WIRE) -- hhgregg, Inc. (NYSE: HGG):
Three Months Ended Nine Months Ended
December 31, December 31,
(unaudited) 2009 2008 2009 2008
Net sales $500,392 $416,106 $1,116,960 $1,031,823
Net sales % increase 20.3 % 6.6 % 8.3 % 10.7 %
Comparable store sales % (decrease) (1) -0.2 % -13.2 % -7.2 % -8.9 %
Gross profit as a % of net sales 30.5 % 31.4 % 30.4 % 31.0 %
SG&A as a % of net sales 18.5 % 18.7 % 20.9 % 20.8 %
Net advertising expense as a % of net sales 3.4 % 4.3 % 3.8 % 4.8 %
Depreciation and amortization expense as a % of net sales 0.9 % 0.9 % 1.1 % 1.2 %
Income from operations as a % of net sales 7.6 % 7.4 % 4.6 % 4.2 %
Net interest expense as a % of net sales 0.3 % 0.5 % 0.4 % 0.6 %
Net income $22,735 $17,120 $29,151 $22,622
Net income per diluted share $0.57 $0.52 $0.78 $0.69
Number of stores open at the end of the period 127 108

(1) Comprised of net sales at stores in operation for at least 14 full months, including remodeled and relocated stores, as well as net sales for the Company's e-commerce site.

hhgregg, Inc. ("hhgregg" or the "Company") today reported net income of $22.7 million for the three months ended December 31, 2009, or $0.57 of net income per diluted share, compared with net income of $17.1 million, or $0.52 of net income per diluted share, for the comparable prior year period. For the nine month period ended December 31, 2009, net income was $29.2 million, or net income per diluted share of $0.78, compared with net income of $22.6 million, or $0.69 of net income per diluted share for the comparable prior year period. The 32.8% and 28.9% increase in net income for the three and nine month periods ended December 31, 2009, respectively, was the result of an increase in net sales, a modest decrease in operating expenses as a percentage of net sales partially offset by a decline in gross margin.

Dennis May, President and Chief Executive Officer of the Company, commented, "We remain pleased with our ability to execute the business in what continues to be a very dynamic retail environment. In the quarter, we saw a strengthening of our business across all categories - with comparable store sales down 0.2% overall. The appliance category continues to show improving trends, with comparable store sales up 7.5% in the quarter, and we remain excited about the new emerging technologies in the video category for the upcoming year. In the quarter, we successfully entered important new markets in Tampa, Memphis and Richmond, and new stores are performing in line with expectations."

Net sales for the three and nine months ended December 31, 2009 increased 20.3% and 8.3%, to $500.4 million and $1.1 billion, respectively, compared to the comparable prior year period. The increase in net sales for the three and nine months ended December 31, 2009 was primarily attributable to the net addition of 19 stores during the past 12 months, partially offset by a 0.2% and a 7.2% decrease in comparable store sales, respectively.

Net sales mix and comparable store sales percentage changes by product category for the three and nine months ended December 31, 2009 and 2008 were as follows:
Net Sales Mix Summary Comparable Store Sales Summary


Three Months Ended
December 31,


Nine Months Ended
December 31,


Three Months Ended
December 31,


Nine Months Ended
December 31,
2009 2008 2009 2008 2009 2008 2009 2008
Video 50 % 54 % 46 % 48 % (7.5) % (6.9) % (12.4) % (2.1) %
Appliances 30 % 28 % 36 % 37 % 7.5 % (21.9) % (6.3) % (15.6) %
Other (1) 20 % 18 % 18 % 15 % 9.6 % (14.6) % 6.5 % (10.5) %
Total 100 % 100 % 100 % 100 % (0.2) % (13.2) % (7.2) % (8.9) %

_______________

(1) Primarily consists of audio, furniture and accessories, mattresses, notebook computers and personal electronics.

hhgregg's 0.2% and 7.2% comparable store sales decreases for the three and nine months ended December 31, 2009, respectively, primarily reflect continued weakness in consumer demand in the video category. For the three and nine month periods, the decrease in comparable store sales for the video category was due primarily to a decline in average selling prices partially offset by an increase in units sold. Net sales in the appliance category saw significant improvement across all categories in the three months ended December 31, 2009, resulting in positive comparable store sales of 7.5% for the three month period and a comparable store sales decline of 6.3% for the nine month period ended December 31, 2009. For the three and nine months ended December 31, 2009, the comparable store sales increase in the other category was due primarily to continued strength in the computer category partially offset by a double digit comparable store sales decrease in the mattress category.

Gross profit margin, expressed as gross profit as a percentage of net sales, decreased for the three months ended December 31, 2009 from 31.4% to 30.5% and decreased for the nine months ended December 31, 2009 from 31.0% to 30.4%. The decrease in the gross margin percentage for the quarter was due to a reduction in appliance and video margin, coupled with a sales mix shift into lower margin categories due to a higher mix of notebook computer sales, which carry a gross margin percentage significantly less than the Company average.

SG&A, as a percentage of net sales, decreased approximately 20 basis points for the three month period ended December 31, 2009 and increased approximately 10 basis points for the nine month period ended December 31, 2009, compared with the respective prior year periods. Expense and payroll control from various cost initiatives and the Company's commissioned sales structure allowed the Company's other SG&A categories as a percentage of net sales to remain relatively consistent compared to the comparable prior year periods. However, while occupancy costs, as a percentage of net sales, remained consistent for the three month period ended December 31, 2009, occupancy costs increased by approximately 50 basis points for the nine month period ended December 31, 2009 as a result of the decline in comparable store sales.

Net advertising expense, as a percentage of net sales, decreased approximately 90 basis points during the three months ended December 31, 2009 and decreased approximately 100 basis points during the nine months ended December 31, 2009 when compared with the respective comparable prior year periods. Despite the comparable store sales declines during both periods, decreases in net advertising expenses as a percentage of net sales were driven by reduced advertising rates and greater advertising support from vendors.

The Company's effective income tax rate for the three and nine months ended December 31, 2009 decreased to 38.5% compared to 40.3% for the comparable prior year periods. The decrease in our effective income tax rate for the three and nine months ended December 31, 2009 is primarily the result of changes in the expected annual effective state income tax rate.

Guidance

Based on current trends in the business and year-to-date performance, the Company is reiterating its fiscal 2010 net sales growth guidance of 6% to 9%, which implies an annual comparable store sales guidance of -6% to -9%, and its range of net income per diluted share guidance of $0.90 to $1.00. This guidance also incorporates the dilution impact of the common stock offering and private placement completed in the second quarter of the current fiscal year. In addition, due to the Mid-Atlantic construction schedule running ahead of schedule, the Company is raising its annual gross capital expenditure guidance for fiscal 2010 to $55 million to $60 million, from a previous range of $45 million to $50 million. Jeremy Aguilar, Chief Financial Officer of the Company, commented, "While we are pleased with our fiscal third quarter performance, we are cautious about the industry-wide trends in the video category that are affecting our current sales results and we are planning our business accordingly."

During the fiscal third quarter, the Company experienced comparable store sales improvements in the video category prior to the holiday selling season. However, declining average selling prices and a shift in consumer preference towards smaller screen size purchases significantly impacted video comparable store sales during the latter part of the quarter and are expected to continue for the remainder of the fiscal year. In addition the industry expects to transition to new video products earlier than prior years, which is expected to result in an industry-wide supply shortage, that could negatively impact the Company's sales. The Company continues to see positive trends in the appliance category in both the near and long term. The Company expects these positive trends in the appliance category will have a greater impact on its business in the first two quarters of fiscal 2011 based on its historical seasonal sales mix, partially offsetting the current industry-wide headwinds in the video category.

As previously announced, the Company expects to open between 40 and 45 new stores in the Mid-Atlantic region during fiscal 2011. Over half of these stores are expected to open during the first fiscal quarter of 2011, with the vast majority of the remaining stores expected to open prior to the calendar 2010 holiday selling season. Due to the timing of these store openings, the Company expects a negative impact of approximately $0.07 of net income per diluted share on its fourth fiscal quarter earnings (ending March 31, 2010). This negative impact on earnings is associated with pre-opening expenses and growth investments related to the Company's Mid-Atlantic expansion and is incorporated in its fiscal 2010 guidance above. Management expects a negative impact on net income per diluted share during each of the first two fiscal quarters of 2011 related to the pre-opening expenses and growth investments, however, the Mid-Atlantic expansion is expected to be accretive to earnings for the full fiscal year 2011. The Company will provide customary guidance for fiscal 2011 as part of its fiscal fourth quarter earnings release.

New Board Members

At the Company's Board of Director's meeting on February 2, 2010, the Board approved the addition of two new directors. The Board approved the addition of Cathy Langham and Kathy Tierney. Ms. Langham is the President and owner of Langham Logistics, Inc., a global freight management company that she co-founded in 1988. Ms. Langham also serves on the boards of directors for The Finish Line, an athletic shoe retailer and Celadon Trucking, a trucking company. Ms. Tierney served as CEO of Sur La Table, a privately held retailer of kitchenware and tabletop accessories, from 2004 until 2008 and currently serves as Vice Chairwoman of the Board of Directors of Sur La Table. Prior to joining Sur La Table, Ms. Tierney was an independent management consultant.

Teleconference and Webcast

hhgregg will be conducting a conference call to discuss operating results for the three and nine months ended December 31, 2009, on Thursday, February 4, 2010 at 9:00 a.m. (Eastern Time). Interested investors and other parties may listen to a simultaneous web cast of the conference call by logging onto hhgregg's website at www.hhgregg.com. The on-line replay will be available for a limited time immediately following the call. The call can also be accessed live over the phone by dialing (888) 378-4439. Callers should reference the hhgregg earnings call.

About hhgregg

hhgregg is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg(TM) and Fine Lines(TM). hhgregg currently operates 127 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.

Safe Harbor Statement

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release includes forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. In particular, statements about the expectations, beliefs, plans, objectives, assumptions or future events or performance of hhgregg, Inc. are forward-looking statements.

hhgregg has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While hhgregg believes these expectations, assumptions, estimates and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These and other important factors may cause hhgregg's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from hhgregg's expectations are: the effect of general and regional economic and employment conditions on its net sales, competition in existing, adjacent and new metropolitan markets; changes in consumer preferences; its ability to effectively manage and monitor its operations, costs and service quality; its reliance on a small number of suppliers; rapid inflation or deflation in core product prices; the failure of manufacturers to introduce new products and technologies; customer acceptance of new technology; its dependence on the Company's key management personnel and its ability to attract and retain qualified sale's personnel; its ability to negotiate with its suppliers to provide product on a timely basis at competitive prices; the identification and acquisition of suitable sites for its stores and the negotiation of acceptable leases for those sites; fluctuation in seasonal demand; its ability to maintain its rate of growth and penetrate new geographic areas; its ability to locate suitable new store sites; its ability to obtain additional financing and maintain its credit facilities; its ability to maintain and upgrade its information technology systems; the effect of a disruption at the Company's central distribution centers; changes in cost for print, radio and television advertising; and changes in trade regulations, currency fluctuations and prevailing interest rates.

Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described in the "Risk Factors" section in the Company's prospectus supplement filed on July 21, 2009. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. hhgregg does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any of these statements to reflect future events or developments.

HHGREGG, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED INCOME STATEMENTS

(UNAUDITED)

Three Months Ended Nine Months Ended


December 31,
2009


December 31,
2008


December 31,
2009


December 31,
2008
(In thousands, except share and per share data)
Net sales $ 500,392 $ 416,106 $ 1,116,960 $ 1,031,823
Cost of goods sold 347,888 285,652 777,461 712,404
Gross profit 152,504 130,454 339,499 319,419
Selling, general and administrative expenses 92,715 77,998 233,326 214,256
Net advertising expense 17,189 17,904 42,477 49,505
Depreciation and amortization expense 4,345 3,953 12,324 12,049
Income from operations 38,255 30,599 51,372 43,609
Other expense (income):
Interest expense 1,317 1,924 3,972 5,725
Interest income (4 ) (2 ) (18 ) (9 )
Total other expense 1,313 1,922 3,954 5,716
Income before income taxes 36,942 28,677 47,418 37,893
Income tax expense 14,207 11,557 18,267 15,271
Net income $ 22,735 $ 17,120 $ 29,151 $ 22,622
Net income per share
Basic $ 0.59 $ 0.53 $ 0.81 $ 0.70
Diluted $ 0.57 $ 0.52 $ 0.78 $ 0.69
Weighted average shares outstanding-Basic 38,393,715 32,372,419 36,056,798 32,343,995
Weighted average shares outstanding-Diluted 39,736,739 32,617,557 37,350,450 32,997,168

HHGREGG, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED INCOME STATEMENTS

(AS A PERCENTAGE OF NET SALES)

(UNAUDITED)

Three Months Ended Nine Months Ended



December 31,
2009


December 31,
2008


December 31,
2009


December 31,
2008

Net sales 100.0 % 100.0 % 100.0 % 100.0 %
Cost of goods sold 69.5 68.6 69.6 69.0
Gross profit 30.5 31.4 30.4 31.0
Selling, general and administrative expenses 18.5 18.7 20.9 20.8
Net advertising expense 3.4 4.3 3.8 4.8
Depreciation and amortization expense 0.9 0.9 1.1 1.2
Income from operations 7.6 7.4 4.6 4.2
Other expense (income):
Interest expense 0.3 0.5 0.4 0.6
Interest income - - - -
Total other expense 0.3 0.5 0.4 0.6
Income before income taxes 7.4 6.9 4.2 3.7
Income tax expense 2.8 2.8 1.6 1.5
Net income 4.5 % 4.1 % 2.6 % 2.2 %

Certain percentage amounts do not sum due to rounding

HHGREGG, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2009, MARCH 31, 2009 AND DECEMBER 31, 2008

(UNAUDITED)


December 31,
2009


March 31,
2009


December 31,
2008
(In thousands, except share data)
Assets
Current assets:
Cash and cash equivalents $ 99,667 $ 21,496 $ 1,684
Accounts receivable--trade, less allowances of $125, $219 and $912, respectively 6,736 5,319 10,416
Accounts receivable--other, less allowances of $0, $0 and $3, respectively 19,893 9,038 14,314
Merchandise inventories, net 217,376 141,610 188,362
Prepaid expenses and other current assets 4,422 4,247 2,353
Deferred income taxes 5,635 4,421 4,629
Total current assets 353,729 186,131 221,758
Net property and equipment 107,246 83,555 85,924
Deferred financing costs, net 3,574 2,624 2,791
Deferred income taxes 66,737 77,564 81,289
Other assets 713 501 391
Total long-term assets 178,270 164,244 170,395
Total assets $ 531,999 $ 350,375 $ 392,153
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 99,357 $ 62,265 $ 101,546
Line of credit - - 14,798
Current maturities of long-term debt 908 908 681
Customer deposits 17,351 15,234 18,093
Accrued liabilities 46,871 32,067 42,002
Total current liabilities 164,487 110,474 177,120
Long-term liabilities:
Long-term debt, excluding current maturities 91,018 91,700 91,927
Other long-term liabilities 35,238 23,048 15,575
Total long-term liabilities 126,256 114,748 107,502
Total liabilities 290,743 225,222 284,622
Stockholders' equity:
Preferred stock, par value $.0001; 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2009, March 31, 2009 and December 31, 2008, respectively - - -
Common stock, par value $.0001; 150,000,000 shares authorized; 38,416,989, 32,744,111 and 32,401,275 shares issued and outstanding as of December 31, 2009, March 31, 2009 and December 31, 2008 respectively 4 3 3
Additional paid-in capital 252,500 165,524 162,077
Accumulated other comprehensive loss (810 ) (747 ) (1,027 )
Accumulated deficit (10,347 ) (39,498 ) (53,373 )
241,347 125,282 107,680
Note receivable for common stock (91 ) (129 ) (149 )
Total stockholders' equity 241,256 125,153 107,531
Total liabilities and stockholders' equity $ 531,999 $ 350,375 $ 392,153

HHGREGG, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED DECEMBER 31, 2009 AND 2008

(UNAUDITED)

Nine Months Ended
December 31, 2009 December 31, 2008
(In thousands)
Cash flows from operating activities:
Net income $ 29,151 $ 22,622

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 12,324 12,049
Amortization of deferred financing costs 690 501
Stock-based compensation 2,643 1,993
Excess tax benefits from stock-based compensation (2,460 ) (161 )
Loss on sales of property and equipment 12 46
Deferred income taxes 9,656 1,029
Tenant allowances received from landlords 6,334 500
Changes in operating assets and liabilities:
Accounts receivable--trade (1,417 ) (2,295 )
Accounts receivable--other (4,676 ) (51 )
Merchandise inventories (75,766 ) (54,994 )
Prepaid expenses and other assets (387 ) 216
Accounts payable 5,889 16,256
Customer deposits 2,117 1,165
Accrued liabilities 18,508 3,669
Other long-term liabilities (1,222 ) (1,426 )

Net cash provided by operating activities
1,396 1,119
Cash flows from investing activities:
Purchases of property and equipment (34,160 ) (27,841 )
Net proceeds from sale leaseback transactions 4,694 10,035
Deposit on future sale leaseback transactions applied (1,043 ) (2,858 )
Proceeds from sales of property and equipment 43 58
Net cash used in investing activities (30,466 ) (20,606 )
Cash flows from financing activities:
Proceeds for issuance of common stock 82,913 -
Transaction costs for stock issuance (4,764 ) -
Proceeds from exercise of stock options 3,725 716
Excess tax benefits from stock-based compensation 2,460 161
Net increase in bank overdrafts 25,191 3,527
Net borrowings on line of credit - 14,798
Payments on notes payable (682 ) -
Transaction costs for amending ABL Facility (1,640 ) -
Other, net 38 100
Net cash provided by financing activities 107,241 19,302
Net increase (decrease) in cash and cash equivalents 78,171 (185 )
Cash and cash equivalents
Beginning of period 21,496 1,869
End of period $ 99,667 $ 1,684
Supplemental disclosure of cash flow information:
Interest paid $ 3,411 $ 6,575
Income taxes paid $ 2,529 $ 12,349
HHGREGG, INC. AND SUBSIDIARIES

Store Count by Quarter for Fiscal Years 2008, 2009 and 2010

(Unaudited)
FY2008 FY2009 FY2010
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Beginning Store Count 77 79 80 85 91 97 103 108 110 111 118
Store Openings 2 1 5 6 6 6 6 2 1 7 10
Store Closures - - - - - (1 ) - - - (1 )
Ending Store Count 79 80 85 91 97 103 108 110 111 118 127

Note: hhgregg, Inc.'s fiscal year is comprised of four quarters ending June 30th, September 30th, December 31st and March 31st.

SOURCE: hhgregg, Inc.