Hhgregg

Infobox_Company
company_name = hhgregg, Inc.
company_| company_type = Public company
foundation = 1955
location = Indianapolis, Indiana, USA
key_people = Jerry W. Throgmartin Chairman & CEO
Dennis L. May President and Chief Operating Officer and Director
num_employees = 3,100
revenue = $1.1 Billion USD
industry = Retail
slogan = "Price and Advice Guaranteed"
products = Retailing-Electronics and Appliances
homepage = [http://www.hhgregg.com http://www.hhgregg.com]

hhgregg Inc. (nyse|HGG) or Gregg Appliances Inc. is a family-owned and operated appliance and electronics retailer in the Midwest and Southeast United States with over 3,100 employees operating 100 stores in nine states: Alabama, Indiana, Georgia, Kentucky, North Carolina, Ohio, South Carolina, Tennessee, Florida [cite web|url=http://ir.hhgregg.com/releasedetail.cfm?ReleaseID=329396|title=hhgregg Marks 100th Store Milestone|publisher=hhgregg|accessdate=2008-08-26] .

Headquartered in Indianapolis, Indiana, USA, hhgregg operates as a specialty retailer of consumer electronics and home appliances. Its retail products include video products comprising of LCD, plasma, and micro-display televisions, as well as DVD recorders; home appliances, such as refrigerators, ranges, dishwashers, freezers, washers, and dryers; and other products and services, including audio hardware, mattresses, computers, and other selected consumer electronics and accessories [cite web|url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=13648539|title=hhgregg, Inc. (HGG:NYSE) Snapshot|publisher=BusinessWeek|accessdate=2008-02-18] .

hhgregg reported an annual revenue of US $1.1 billion in 2007 and is one of the nation’s leading retailers of home appliances and consumer electronics. [cite web|url=http://ir.hhgregg.com|title=hhgregg Overview|accessdate=2008-02-11]

History

In 1955, a small storefront was erected by H. H. and Fansy Gregg on Indianapolis’ north side. The Greggs’ new store featured modern appliances such as washing machines, clothes dryers, refrigerators, and grills. Shortly thereafter, they began selling black & white and color televisions alongside other electronics. Outstanding customer service and attention to detail were the founding principles that allowed business to prosper during the years following.

In 1975 Jerry W. Throgmartin began working in his grandfather’s store while attending middle school. He would work his way through many positions at hhgregg over the next 24 years including Store Manager, District Manager, Advertising Director and Vice President of Store Operations. In 1999, Throgmartin would take over his father’s position as Chairman, CEO, and Director of hhgregg Appliances and Electronics [cite journal|author=Brian Ploskina|url=http://www.dealerscope.com|title=A Commitment to Vision|journal=Dealerscope|volume=50|issue=1|month=January|year=2008] .

Despite market trends that have diminished profit margins on high-tech devices, Throgmartin has been able to aggressively expand the family-owned business to 84 stores in 8 states as of January 2008. Throgmartin said, “"We’ve been fortunate in that the areas of the [overall CE] business that have been strong are the areas in which we excel: high-end large-screen flat-panel TVs and home theater, and higher-end appliances" [cite journal|author=Brian Ploskina|url=http://www.dealerscope.com|title=A Commitment to Vision|journal=Dealerscope|volume=50|issue=1|month=January|year=2008]

Fine Lines

Fine Lines (website [http://www.hhgreggfinelines.com hhgreggFineLines.com] ) is a division of hhgregg that was introduced November 1, 2004. [cite web|url=http://findarticles.com/p/articles/mi_go1582/is_/ai_n9440419|title=Kitchens for the elite: H.H. Gregg goes upscale with Fine Lines appliance store|author=Tammy Lieber|publisher=Indianapolis Business Journal|accessdate=4-1-2008] Each store offers over 18,000-square-feet of premium lineup appliances including Best® by Broan, Broan, Electrolux ICON™, Gaggenau, GE Monogram®, GE Profile™, Jade, Jenn-Air, KitchenAid Architect®, Sub Zero, Thermador, Thermador Freedom®, U-Line, Viking, Wolf and Zephyr [cite web|url=http://hhgregfinelines.com/finelineshtml/about/selection.html|title=Product Selection|publisher=hhgregg Fine Lines|accessdate=4-1-2008] . Products and brands vary by location.

On-staff, non-commissioned demonstrators are in each store to provide a hands-on learning experience and guide customers through the buying process. There are currently four Fine Lines locations [cite web|url=http://hhgreggfinelines.com/finelineshtml/storeLocator.html|title=hhgregg Fine Lines Store Locator|publisher=hhgregg Fine Lines|accessdate=4-1-2008] :

*Indianapolis, IN
*Columbus OH
*Charlotte, NC
*Hoover, AL

As of 2008, Dayton, Ohio's store was ranked #1 out of all 102 stores in sales... With the best warehouse guys.

hhgreen

August 6, 2008 marked the debut of [http://www.hhgreen.org hhgreen.org] . This new site "gives you the power to go green" by promoting high efficiency appliances while offering tips on how to save money and the environment with new and existing appliances.

tock

hhgregg debuted its IPO on July 20, 2007, at USD $13.72 [cite web|url=http://ir.hhgregg.com/releasedetail.cfm?ReleaseID=255702|title=hhgregg Inc. Announces Pricing of IPO|accessdate=2008-02-25] .

ponsorships

December 17, 2007, hhgregg signed as one of 14 founding corporate partners for the Lucas Oil Stadium, home of the NFL’s Indianapolis Colts. hhgregg’s deal earned them rights to advertise in the south gate and display many of their large, flat-screen televisions.

The south gate is also home to a new 26,000-square-foot showroom where fans can get their hands on the latest and greatest hhgregg has to offer, whether they are looking for scores from other NFL games across the country or checking in on their fantasy football results [cite web|url=http://www.indystar.com/apps/pbcs.dll/article?AID=2007312110002|title=Hi-def highlights 'showroom' part of Lucas Oil sponsorship|publisher=The Indianapolis Star|accessdate=2008-02-25] .

External Links

*hhgregg.com Homepage - [http://www.hhgregg.com hhgregg.com]
*Company Blog - [http://blog.hhgregg.com blog.hhgregg.com]
*Fine Lines - [http://www.hhgreggfinelines.com hhgreggfinelines.com]
*Fine Lines Blog - [http://www.finelinesblog.com finelinesblog.com]
*Careers - [http://careers.hhgregg.com careers.hhgregg.com]
*Store Locator - [http://www.hhgregg.com/storeLocator.asp Store Locator]

References