Profile: hhgregg, Inc. (HGG.N)

hhgregg, Inc. (hhgregg) is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg and Fine Lines. As of March 31, 2009, hhgregg operated 110 stores in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee. hhgregg carries approximately 100 models of flat panel televisions and 350 models of appliances. The Company offers a selection of the video products, such as light emitting diode (LED) televisions, as well as Blu-ray players. Representative brands include Broksonic, Canon, JVC, LG, Mitsubishi, Panasonic, Samsung, Sharp, Sony and Toshiba. During the fiscal year ended March 31, 2009 (fiscal 2009), video products represented 50% of merchandise sales.

hhgregg offers a selection of appliances, including refrigerators, cooking ranges, dishwashers, freezers, washers and dryers, sold under a variety of brand names. Representative brands include Amana, Bosch, Electrolux, Estate, Frigidaire, GE, Jenn-Air, KitchenAid, LG, Maytag, Samsung and Whirlpool. For fiscal 2009, home appliances represented 35% of net sales. The Company sells audio products, mattresses, notebook computers and other select consumer electronics and accessories. During fiscal 2009, other products and services represented 15% of net sales. Additionally, it sells a suite of services, including third-party premium service plans (PSPs) and third-party, in-home service and repair of its products and same-day delivery and installation, and in-home repair and maintenance.

The Company competes with Best Buy, Sears, Lowe’s, Home Depot, Wal-Mart, Fry’s and BrandsMart.