HHGregg is closing 88 stores, including 2 in Alabama, the appliance and electronics retailer announced today.
The closures come following reports the 61-year old Indianapolis-based chain was considering filing for bankruptcy after two years of falling sales and dismal revenue numbers from the holiday season. The chain currently employs about 3,700 people with 1,500 jobs being cut through the closures.
"We are strategically exiting markets and stores that are not financially profitable for us," said Robert J. Riesbeck, HHgregg's President and CEO. "This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities."
Inventory at the affected stores will be sold over the coming weeks with the closures expected to be complete by mid-April. Three HHGregg distribution centers - located in Maryland, Florida and Pennsylvania - will also close.
The chain will continue to operates 132 stores.
List of closing locations
HHGregg will close stores in 15 states: Alabama, Delaware, Florida, Georgia, Illinois, Louisiana, Maryland, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia:
Alabama
Mobile
Trussville
Delaware
Newark
Dover
Wilmington
Florida
Pembroke Pines
Hialeah
Sawgrass, Plantation
Fort Lauderdale
Kendall, Miami
West Palm Beach
Boca Raton
Homestead
Florida Mall, Orlando
Pensacola
Aventura
Pinecrest
Treasure Coast Mall, Jensen Beach
Gainesville
Georgia
Stonecrest, Lithonia
Gwinnett, Duluth
Southlake, Morrow
Buckhead, Atlanta
Illinois
Schaumburg
Bloomingdale
Arlington Heights
Niles
Springfield
Champaign
Louisiana
Maryland
Hagerstown
Largo
Waldorf
Rockville
Frederick
Catonsville
Hanover
Bel Air
Towson
Annapolis
Glen Burnie
Louisiana
Kenner Westgate, Metairie
Westbank, Harvey
Mall of Louisiana, Baton Rouge
Missouri
Chesterfield
New Jersey
Moorestown
Deptford, Woodbury
Mays Landing
North Carolina
Mooresville
Durham
Cary
Asheville
Ohio
Newark, Heath
Fairlawn, Akron
Mansfield
Tri-County, Springdale
Pennsylvania
Lower Paxon, Harrisburg
York
Mechanicsburg
Lancaster
Wilkes-Barre
Dickson City
Wyomissing
Downington
King of Prussia, Berwyn
Montgomeryville, North Wales
Whitman Square, Philadelphia
Langhorne
Whitehall
North Hills, Pittsburgh
Erie
Tennessee
Mt. Juliet
Virginia
Short Pump, Henrico
Chesterfield, Midlothian
Newport News
Virginia Beach
Chesapeake
Fredericksburg
Colonial Heights
Winchester
Roanoke
Springfield
Sterling
Fairfax
Bailey's Crossroads, Falls Church
Woodbridge
Manassas
West Virginia
Parkersburg, Vienna