HHGregg to close 88 stores, including Erie location

HHGregg announced Thursday its Erie location is among 88 stores that the company will close nationwide to help return to profitability.

The 88 stores and three distribution centers are expected to be closed by mid-April and will result in the elimination of approximately 1,500 jobs. The announcement comes shortly after Bloomberg reported that HHGregg is preparing to file for bankruptcy.

"We are strategically exiting markets and stores that are not financially profitable for us," Robert J. Riesbeck, HHGregg's president and CEO, said in a statement. "This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities.”

Along with Erie, Pennsylvania stores in York, Mechanicsburg, Lancaster, Wilkes-Barre, Dickson City, Wyomissing, Downingtown, King of Prussia, Montgomeryville, Philadelphia, Langhorne and Whitehall will close.

The Indianapolis-based electronics store, which was founded in 1955, will have 132 stores following the closings.

"I want to thank each and every manager and associate in our stores and distribution centers, and their families, for their continued efforts, contributions and support," Riesbeck said. 


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