The stores are blah. They have nothing but the same thing available at Sams, Walmart, which have the item at a better price. They expanded so fast, which means they will most likely contract with HUGE write offs in the future. They are almost identical with Circuit City and will almost certainly eventually file bankruptcy, go out of business, or be bought out for pennies on the dollar. This stock can go much further south. Think before buying a failing company.
I see HGG opened 14 stores in Chicago. I was at one once. Never again. I learned a long time ago to shop value, not lowest price. I expect HGG to be closing all those stores in a few years. BTW, some of those stores are near Sears and none of those Sears stores will be closing. Chicago is also home to Abt. That's where I do most of my shopping. Somebody in upper management didn't do their homework.
Not sure I would describe the Stores as blah. Generally, I think they are pretty nice. Way over-spaced however, and with Store volumes now below $13MM, their sales per square foot is unacceptable. And as I have said before, they lack differentiation. There is nothing that really sets them apart from the group. A poor version of Circuit City and that needs major changes asap.
youre out of your mind. HHGregg has new models on products while places like sams club have mostly older models. HHGregg prices beat warehouse retail stores, wal-mart, and specifically best buy, all the time. Plus HHGregg only has roughly 200 stores nationwide and has been around since 1955. Thats hardly expanding too fast.