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Hhgregg Inc
Hhgregg Inc. was a specialty retailer that sold consumer electronics, home appliances, furniture, and mattresses in the United States. The company was headquartered in Indianapolis, Indiana and operated stores in over 20 states.
Regarding its financial performance, Hhgregg had faced significant challenges in recent years. The company had reported net losses for several consecutive years and had been struggling to compete with online retailers and big-box stores.
In 2016, Hhgregg announced that it would be closing 88 stores and cutting its workforce by approximately 1,500 employees, or 20% of its total workforce. Despite these cost-cutting measures, the company continued to face financial difficulties and filed for Chapter 11 bankruptcy protection in March 2017.
In April 2017, Hhgregg announced that it had entered into an asset purchase agreement with a private equity firm, Gordon Brothers Retail Partners, under which Gordon Brothers would acquire Hhgregg's inventory, intellectual property, and other assets. However, the deal ultimately fell through, and Hhgregg's assets were liquidated.
Therefore, it is no longer possible to provide current financial information or growth prospects for Hhgregg, as the company is no longer a publicly traded entity.