Monday, February 27, 2017

HHGregg reportedly preparing to file for bankruptcy

HHGregg Inc., a struggling retailer of appliances and electronic products, is preparing to file for bankruptcy, Bloomberg News reported.

HHGregg announced Feb. 15 that it retained Stifel, Nicholas & Co. and Miller Buckfire & Co. to identify strategies for improving liquidity and reducing losses.

The brick-and-mortar retailer has been a money-loser in its last two fiscal years as online shopping has accelerated.. . . more

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