Hhgregg
Encyclopedia
hhgregg Inc. or Gregg Appliances Inc. is a publicly owned and operated appliance and electronics retailer in the Midwest, Northeast, and Southeast United States with over 3,100 employees operating stores in 16 states including Alabama
, Delaware
, Florida
, Georgia
, Illinois
, Indiana
, Kentucky
, Maryland
, Mississippi
, New Jersey
, North Carolina
, Ohio
, Pennsylvania
, South Carolina
, Tennessee
, and Virginia
.
Headquartered in Indianapolis
, Indiana, hhgregg operates as a specialty retailer of consumer electronics
and home appliances. Its retail products include video products comprising LED, LCD, Plasma
, and Micro-Display Televisions, as well as DVD recorder
s; home appliances, such as refrigerator
s, ranges, dishwasher
s, freezers, washer
s, and dryer
s; and other products and services, including audio hardware, mattresses, computers, and other selected consumer electronics and accessories. The company announced on November 24, 2008 that they would begin selling popular gaming systems
such as Wii
, Xbox 360
and PlayStation 3
.
hhgregg reported an annual revenue of US $1.4 billion in 2009.
The company's mascot, HH
, is voiced by Wally Wingert
. HH is depicted as a rolled-up advertisement circular with feet and a yellow ball-shaped head.
The company's mottos are "Price and Advice. Guaranteed." and "We Help".
In 1955, a small storefront was erected by Henry Harold and Fansy Gregg on the north side of Indianapolis
. The Greggs’ new store featured home appliances such as washing machines, clothes dryer
s, refrigerators, and grills. Shortly thereafter, they began selling televisions and other electronics.
In 1975, Jerry W. Throgmartin began working in his grandfather's store while attending middle school
. He eventually worked his way through many positions there over the next 24 years, and in 1999, took over his father's position as Chairman, CEO, and Director
of hhgregg Appliances and Electronics.
Dennis L. May succeeded Throgmartin as hhgregg's President and Chief Executive Officer on February 17, 2009. Throgmartin continues to play an important role in the shaping the company's vision and strategy as Executive Chairman of the Board.
Despite market trends that have diminished profit margins on high-tech devices, Throgmartin and May have expanded the business to 125 stores in 9 states as of October 2009. 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."
On July 8, 2009, the company announced that it planned to open 22 stores in the next year, primarily in Richmond, VA, Tampa, FL, and in Memphis, TN, many of them being in buildings formerly occupied by defunct Circuit City. In December 2009, construction began on several stores in the central and eastern parts of Pennsylvania
, the first in the state. And March 2010 brought the openings of the first stores in the Norfolk-Virginia Beach
metro area, in converted Circuit City and Linens 'n Things
locations. In Spring 2011, the company will expand into the Youngstown, Ohio
market with the opening of a store in the Youngstown suburb of Boardman, Ohio
. 10 stores will also be opened in July of 2011 in South Florida along the east coast from Miami to West Palm Beach.
In the spring of 2010, hhgregg has opened many stores in former Circuit City
locations in Hagerstown, Maryland
, Hanover, Maryland
, Annapolis, Maryland
, Catonsville, Maryland
, Bel Air, Maryland, Towson, Maryland
, and Glen Burnie, Maryland
. Also, in late 2010, hhgregg has partnered with The Cellular Connection, a cellular phone wholesaler based out of Indianapolis, Indiana
to roll out kiosks to sell Verizon Wireless
cellular phones, and Curtis electronics (formerly known as Curtis Mathes) most known for their massively popular "buy a TV get an umbrella
" promotion.
In March 2011, hhgregg announced it will open a new location in Myrtle Beach, South Carolina
, also in the location of a defunct Circuit City. In June 2011, hhgregg expanded into the Pittsburgh market with the opening of four stores in the Pittsburgh metropolitan area. On September 15, 2011, 14 new stores opened in the Chicago
area as well.
, GE Monogram, GE Profile, Jade, Jenn-Air, KitchenAid Architect, Sub Zero, Thermador, Thermador Freedom, U-Line, Viking, Wolf and Zephyr. Products and brands vary by location. There are currently five Fine Lines locations:
on July 20, 2007, at USD $13.72 and is traded on the New York Stock Exchange
under the ticker symbol
HGG.
, 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 panel televisions.
The south gate is also home to a new 26000 square feet (2,415.5 m²) hhgregg showroom
.
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
, Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
, Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...
, Kentucky
Kentucky
The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...
, Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
, Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
, North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, South Carolina
South Carolina
South Carolina is a state in the Deep South of the United States that borders Georgia to the south, North Carolina to the north, and the Atlantic Ocean to the east. Originally part of the Province of Carolina, the Province of South Carolina was one of the 13 colonies that declared independence...
, Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
, and Virginia
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...
.
Headquartered in Indianapolis
Indianapolis, Indiana
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
, Indiana, hhgregg operates as a specialty retailer of consumer electronics
Consumer electronics
Consumer electronics are electronic equipment intended for everyday use, most often in entertainment, communications and office productivity. Radio broadcasting in the early 20th century brought the first major consumer product, the broadcast receiver...
and home appliances. Its retail products include video products comprising LED, LCD, Plasma
Plasma display
A plasma display panel is a type of flat panel display common to large TV displays or larger. They are called "plasma" displays because the technology utilizes small cells containing electrically charged ionized gases, or what are in essence chambers more commonly known as fluorescent...
, and Micro-Display Televisions, as well as DVD recorder
DVD recorder
A DVD recorder , is an optical disc recorder that uses Optical disc recording technologies to digitally record analog signal or digital signals onto blank writable DVD media...
s; home appliances, such as refrigerator
Refrigerator
A refrigerator is a common household appliance that consists of a thermally insulated compartment and a heat pump that transfers heat from the inside of the fridge to its external environment so that the inside of the fridge is cooled to a temperature below the ambient temperature of the room...
s, ranges, dishwasher
Dishwasher
A dishwasher is a mechanical device for cleaning dishes and eating utensils. Dishwashers can be found in restaurants and private homes.Unlike manual dishwashing, which relies largely on physical scrubbing to remove soiling, the mechanical dishwasher cleans by spraying hot water, typically between ...
s, freezers, washer
Washer
Washer may refer to:People*Mal Washer, an Australian politician*Paul Washer, a Christian preacherOther*Washing machine*Washer *Washer Method, a mathematical formula for finding volume*Washer pitching, an outdoor game...
s, and dryer
Dryer
A dryer most commonly means:* Hair dryer* Hand dryer* Clothes dryer, also known as a tumble-dryer* Belt dryer* Cereal dryer, for food preservation* Desiccant, a substance that absorbs or adsorbs water...
s; and other products and services, including audio hardware, mattresses, computers, and other selected consumer electronics and accessories. The company announced on November 24, 2008 that they would begin selling popular gaming systems
Video game console
A video game console is an interactive entertainment computer or customized computer system that produces a video display signal which can be used with a display device to display a video game...
such as Wii
Wii
The Wii is a home video game console released by Nintendo on November 19, 2006. As a seventh-generation console, the Wii primarily competes with Microsoft's Xbox 360 and Sony's PlayStation 3. Nintendo states that its console targets a broader demographic than that of the two others...
, Xbox 360
Xbox 360
The Xbox 360 is the second video game console produced by Microsoft and the successor to the Xbox. The Xbox 360 competes with Sony's PlayStation 3 and Nintendo's Wii as part of the seventh generation of video game consoles...
and PlayStation 3
PlayStation 3
The is the third home video game console produced by Sony Computer Entertainment and the successor to the PlayStation 2 as part of the PlayStation series. The PlayStation 3 competes with Microsoft's Xbox 360 and Nintendo's Wii as part of the seventh generation of video game consoles...
.
hhgregg reported an annual revenue of US $1.4 billion in 2009.
The company's mascot, HH
HH
- Medicine :* hh antigen system, a rare blood group* Hh, a signalling molecule in Drosophila named for the Hedgehog signaling pathway* Hodgkin–Huxley model- Science and Technology :* Hahnium, a disputed abbreviation for the chemical element name...
, is voiced by Wally Wingert
Wally Wingert
Wallace E. "Wally" Wingert is an American actor and voice artist. He is originally from Des Moines, Iowa but he currently works and lives in Los Angeles, California. He is the current announcer for the second incarnation of The Tonight Show with Jay Leno, and the current voice of Jon Arbuckle in...
. HH is depicted as a rolled-up advertisement circular with feet and a yellow ball-shaped head.
The company's mottos are "Price and Advice. Guaranteed." and "We Help".
History
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
. The Greggs’ new store featured home appliances such as washing machines, clothes dryer
Clothes dryer
A clothes dryer or tumble dryer is a household appliance that is used to remove moisture from a load of clothing and other textiles, generally shortly after they are cleaned in a washing machine....
s, refrigerators, and grills. Shortly thereafter, they began selling televisions and other electronics.
In 1975, Jerry W. Throgmartin began working in his grandfather's store while attending middle school
Middle school
Middle School and Junior High School are levels of schooling between elementary and high schools. Most school systems use one term or the other, not both. The terms are not interchangeable...
. He eventually worked his way through many positions there over the next 24 years, and in 1999, took over his father's position as Chairman, CEO, and Director
Executive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
of hhgregg Appliances and Electronics.
Dennis L. May succeeded Throgmartin as hhgregg's President and Chief Executive Officer on February 17, 2009. Throgmartin continues to play an important role in the shaping the company's vision and strategy as Executive Chairman of the Board.
Despite market trends that have diminished profit margins on high-tech devices, Throgmartin and May have expanded the business to 125 stores in 9 states as of October 2009. 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."
On July 8, 2009, the company announced that it planned to open 22 stores in the next year, primarily in Richmond, VA, Tampa, FL, and in Memphis, TN, many of them being in buildings formerly occupied by defunct Circuit City. In December 2009, construction began on several stores in the central and eastern parts of Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, the first in the state. And March 2010 brought the openings of the first stores in the Norfolk-Virginia Beach
Hampton Roads
Hampton Roads is the name for both a body of water and the Norfolk–Virginia Beach metropolitan area which surrounds it in southeastern Virginia, United States...
metro area, in converted Circuit City and Linens 'n Things
Linens 'n Things
Linens 'n Things is an online retailer of home textiles, housewares and decorative home accessories. Until 2008, the company also did business as a big box retailer under the name Linens 'n Things, Inc., headquartered in Clifton, New Jersey, United States, and did business across the United States...
locations. In Spring 2011, the company will expand into the Youngstown, Ohio
Youngstown, Ohio
Youngstown is a city in the U.S. state of Ohio and the county seat of Mahoning County; it also extends into Trumbull County. The municipality is situated on the Mahoning River, approximately southeast of Cleveland and northwest of Pittsburgh, Pennsylvania...
market with the opening of a store in the Youngstown suburb of Boardman, Ohio
Boardman, Ohio
Boardman is a census-designated place in Boardman Township, Mahoning County, Ohio, United States, just south of Youngstown. Boardman is considered to be a moderately affluent community and is one of two major retail hubs in the greater Youngstown area...
. 10 stores will also be opened in July of 2011 in South Florida along the east coast from Miami to West Palm Beach.
In the spring of 2010, hhgregg has opened many stores in former Circuit City
Circuit City
Circuit City Stores, Inc. was an American retailer in brand-name consumer electronics, personal computers, entertainment software, and large appliances. The company opened its first store in 1949 and pioneered the electronics superstore format in the 1970s...
locations in Hagerstown, Maryland
Hagerstown, Maryland
Hagerstown is a city in northwestern Maryland, United States. It is the county seat of Washington County, and, by many definitions, the largest city in a region known as Western Maryland. The population of Hagerstown city proper at the 2010 census was 39,662, and the population of the...
, Hanover, Maryland
Hanover, Maryland
Hanover, Maryland is a locality in unincorporated northwestern Anne Arundel County, Maryland in the United States, located south of Baltimore near the Howard County line....
, Annapolis, Maryland
Annapolis, Maryland
Annapolis is the capital of the U.S. state of Maryland, as well as the county seat of Anne Arundel County. It had a population of 38,394 at the 2010 census and is situated on the Chesapeake Bay at the mouth of the Severn River, south of Baltimore and about east of Washington, D.C. Annapolis is...
, Catonsville, Maryland
Catonsville, Maryland
According to the United States Census Bureau, the CDP has a total area of , all of it land.-Demographics:In 2010 Catonsville had a population of 41,567...
, Bel Air, Maryland, Towson, Maryland
Towson, Maryland
Towson is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 55,197 at the 2010 census...
, and Glen Burnie, Maryland
Glen Burnie, Maryland
Glen Burnie is a census-designated place in Anne Arundel County, Maryland, United States, and is a suburb of Baltimore. The population was 67,639 at the 2010 census...
. Also, in late 2010, hhgregg has partnered with The Cellular Connection, a cellular phone wholesaler based out of Indianapolis, Indiana
Indianapolis, Indiana
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
to roll out kiosks to sell Verizon Wireless
Verizon Wireless
Cellco Partnership, doing business as Verizon Wireless, is one of the largest mobile network operators in the United States. The network has 107.7 million subscribers as of 2011, making it the largest wireless service provider in America....
cellular phones, and Curtis electronics (formerly known as Curtis Mathes) most known for their massively popular "buy a TV get an umbrella
Umbrella
An umbrella or parasol is a canopy designed to protect against rain or sunlight. The term parasol usually refers to an item designed to protect from the sun; umbrella refers to a device more suited to protect from rain...
" promotion.
In March 2011, hhgregg announced it will open a new location in Myrtle Beach, South Carolina
Myrtle Beach, South Carolina
Myrtle Beach is a coastal city on the east coast of the United States in Horry County, South Carolina. It is situated on the center of a large and continuous stretch of beach known as the Grand Strand in northeastern South Carolina. It is considered to be a major tourist destination in the...
, also in the location of a defunct Circuit City. In June 2011, hhgregg expanded into the Pittsburgh market with the opening of four stores in the Pittsburgh metropolitan area. On September 15, 2011, 14 new stores opened in the Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
area as well.
Fine Lines
Fine Lines is a division of hhgregg that was introduced November 1, 2004. Each store offers over 18000 square feet (1,672.3 m²) of premium lineup appliances including Best by Broan, Broan, Electrolux ICON, GaggenauGaggenau Hausgeräte GmbH
Gaggenau Hausgeräte GmbH is a German manufacturer of high-end home appliances. The company won at the 2008 IF Design Awards in every category in which it had nominations....
, GE Monogram, GE Profile, Jade, Jenn-Air, KitchenAid Architect, Sub Zero, Thermador, Thermador Freedom, U-Line, Viking, Wolf and Zephyr. Products and brands vary by location. There are currently five Fine Lines locations:
- Charlotte, North CarolinaCharlotte, North CarolinaCharlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...
- Columbus, OhioColumbus, OhioColumbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
- Hoover, AlabamaHoover, AlabamaHoover is a city in Jefferson and Shelby Counties in north central Alabama, in the United States. The largest suburb of Birmingham, the population of the city was 62,742 as of the 2000 census and 81,619 in the 2010 census. Hoover is part of the Birmingham-Hoover, AL MSA and is also included in the...
(BirminghamBirmingham, AlabamaBirmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
) - Indianapolis, IndianaIndianapolis, IndianaIndianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
- Jacksonville, FloridaJacksonville, FloridaJacksonville is the largest city in the U.S. state of Florida in terms of both population and land area, and the largest city by area in the contiguous United States. It is the county seat of Duval County, with which the city government consolidated in 1968...
hhgreen
August 6, 2008 marked the debut of hhgreen.org, a site highlighting hhgregg's energy-efficient, or "green" products.Stock
hhgregg had its initial public offeringInitial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on July 20, 2007, at USD $13.72 and is traded on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under the ticker symbol
Ticker symbol
A stock symbol or ticker symbol is a short abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker...
HGG.
Sponsorships
On December 17, 2007, hhgregg signed as one of 14 founding corporate partners for the Lucas Oil StadiumLucas Oil Stadium
Lucas Oil Stadium is a multi-purpose sports stadium in Downtown Indianapolis, Indiana. The stadium celebrated its grand opening on August 24, 2008, and its ribbon-cutting ceremony August 16, 2008. It replaced the RCA Dome as the home field of the NFL's Indianapolis Colts. The stadium was built to...
, home of the NFL’s Indianapolis Colts
Indianapolis Colts
The Indianapolis Colts are a professional American football team based in Indianapolis. They are currently members of the South Division of the American Football Conference in the National Football League ....
. hhgregg's deal earned them rights to advertise in the south gate and display many of their large, flat panel televisions.
The south gate is also home to a new 26000 square feet (2,415.5 m²) hhgregg showroom
Showroom
The word showroom has two distinct meanings including:-Marketing location:A showroom is a large space used to display products for sale, such as automobiles, furniture, appliances, carpet or apparel. The World's most famous locations for a showroom are the Champs Elysees in Paris or the 5th Avenue...
.