An appliance boost at hhgregg
Indianapolis-based retailer hhgregg said it intends to open 25-30 Fine Lines appliance locations over the next two years.
The company said the 24-month store expansion program will “increase the prominence of this high-performing retail format as it correlates to the connected hhgregg locations.”
There are currently 14 Fine Line stores, promoted by hhgreg as “the place to buy appliances.”
Fine Lines high-end appliance locations are connected to hhgregg stores and feature state-of-the-art showrooms, showcasing a wide selection of premium appliance brands. Fine Lines locations feature top brands, typically including SubZero, Wolf, Viking, Thermador, JennAir, KitchenAid, Bosch, GE Monogram and Miele. These showrooms are designed to inspire customers to create their dream kitchens.
Robert Riesbeck, Interim President and Chief Executive Officer and Chief Financial Officer, said,
“Our Fine Lines locations have proved to be a strong-performing format and we expect that to continue in the future,” said Robert Riesbeck, interim president and CEO and CFO. “We believe our increased appliance footprint will continue to have a favorable impact on the growth and performance of these stores and the Company overall. We’ve recently seen strong momentum in appliances sales, and intend to continue that through the rest of the year and into the holiday season, assisted by the expansion of the new Fine Lines locations and the steady sales being generated, both in stores and online.”
In addition to appliances, hhgregg sells electronics and furniture through 226 stores and online.
