Indianapolis-based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. "We're focused on continuing to execute our business strategy, as planned, and returning this company to profitability," Chief Executive Robert Riesbeck wrote in an email to Reuters, adding that he had no other comment to offer at this time.
Ailing appliance and electronics retailer HHGregg is mulling strategic options to reverse plunging sales.
Until the retailer can prove it can drive positive same store sales and a sustainable margin rate, the turnaround remains teetering on the brink of life support.
HGG : Summary for HHGregg, Inc. (IN) - Yahoo Finance
hhgregg, Inc. (HGG)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||0.25 x 2500|
|Ask||0.27 x 4000|
|Day's Range||0.23 - 0.30|
|52 Week Range||0.23 - 2.72|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-0.08|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|