Electronics and appliance retailer specializing in home entertainment and appliances.
Acquired by Golden Gate Capital2016-01-22
Regional electronics and appliance retailer with strong customer service focus
hhgregg will likely experience significant store closures and a decline in product selection and quality as Golden Gate Capital implements cost-cutting measures
Customers will likely notice reduced inventory levels, older or refurbished electronics and appliances, and a decline in in-store customer service and support
The brand's reputation for high-quality products and knowledgeable staff will likely deteriorate as Golden Gate Capital prioritizes short-term cost savings over long-term brand value
Announcements about 'transformation' and 'optimization' with plans to close underperforming stores
First round of store closures and staff reductions announced, leading to a noticeable decline in inventory selection and product quality
Continued store closures and further reductions in inventory, including a shift towards more refurbished or lower-end models of electronics and appliances
Bankruptcy rumors begin to surface as Golden Gate Capital implements more aggressive cost-cutting measures, including potential liquidation of the company's assets
Other companies that followed a similar path after PE acquisition
Be cautious of making large purchases at hhgregg, as the product quality and selection may decline over time
Consider shopping at alternative retailers that are not under PE ownership, as they may be able to provide a more reliable and consistent customer experience
If you are a current hhgregg customer, closely monitor the changes in the company's operations and be prepared to take your business elsewhere if the quality of products and services deteriorates
Employee-owned warehouse retailer
Publicly traded retailer with strong values