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hhgregg to Expand to 600 Stores
February 09, 2010
Indianapolis-based consumer electronics and home appliances retailer hhgregg Inc. has announced plans to open 40 to 45 stores in the Philadelphia, Baltimore and Washington, D.C., areas, according to The Wall Street Journal. The new store openings in the coming months are part of a broader plan by the 127-store retailer to expand to 600 stores this decade. hhgregg, which operates stores primarily in the Midwest and Southeast, is looking to expand its markets on a more national level. For the fiscal third quarter, the company's net sales improved 20.3 percent to $500.5 million from $416.1 million.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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