hhgregg (HGG +10.6%) will continue to shift its focus away from electronics and video to home...


hhgregg (HGG +10.6%) will continue to shift its focus away from electronics and video to home appliances and products as it hopes to bring significant profitability back into the picture. The retailer's turnaround probably won't be the quickest in history. For FY13, it  forecasts comparable store sales will fall between 8.5% to 7.5%.

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  • gomgk
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    Comp. stores will drop an average of 8% while they figure out what to sell instead of their mainstay and the stock goes up 10%???

     

    I quit this company as the top salesman at my store for 2 years 6 months ago when they started to experiment with the staff's commission. Did that multi-million dollar expense for licencing "HELP" have any effect? This one is going the way of Circuit City etc. I don't understand who bought it today but I bet it will back at 6.75 before long.
    1 Feb 2013, 12:40 AM Reply Like
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