hhgregg, Inc.: SWOT Analysis & Company Profile

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					hhgregg, Inc.

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hhgregg, Inc.: SWOT Analysis & Company
Profile


Reference code: RT0029CP

Published: Feb 2011




Business Review
John Carpenter House
7 Carmelite Street
London EC4Y 0BS
United Kingdom
Tel: +44 (0) 20 7936 6400
Fax: +44 (0) 20 7336 6813




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hhgregg, Inc. - SWOT Profile                                                        Page 1
hhgregg, Inc.

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hhgregg, Inc. - Company Overview

hhgregg, Inc. (hhgregg) is a specialty retailing company operating principally in the US. The company sells its premium
video products, branded home appliances, audio products and accessories through its stores located in the regions of
Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, South Carolina and Tennessee. The product portfolio of
the company includes video products such as LCD TV, DVD players and recorders; home appliances like refrigerators,
dishwashers, freezers, washers, dryers; and other products like audio products, mattresses, notebook computers,
consumer electronics and accessories. The company operates with over 131 stores. hhgregg is headquartered in Indiana,
the US.


Financial Performance

The company reported revenues of (U.S. Dollars) USD 1,534.25 million during the fiscal year ended March 2010, an
increase of 9.85% over 2009. The operating profit of the company was USD 68.65 million during the fiscal year 2010, a
decrease of 1.43% from 2009. The net profit of the company was USD 39.20 million during the fiscal year 2010, an
increase of 7.40% over 2009.




hhgregg, Inc. - Key Facts

hhgregg, Inc., Key Facts

                                  4151 East 96th Street,

Corporate Address:                Indianapolis, Indiana (IN), 46240, Ticker Symbol, Stock      HGG (New York Stock
                                                                    Exchange                   Exchange)
                                  United States


Telephone                         + 1 317 8488710                   No. of Employees           4,459



Fax                               N/A                               Financial Year End         March



URL                               www.hhgregg.com                   Revenue (in USD Million)   1,534.25



Industry                          Retailing



Locations                         United States

Source: Annual Report, Company Website, Primary and Secondary Research




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hhgregg, Inc. - SWOT Profile                                                                                         Page 2
hhgregg, Inc.

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hhgregg, Inc. - Business Description

hhgregg, Inc. (hhgregg) is an engaged in the retailing of video, audio, home appliances and other consumer electronic
products and accessories. It operates under the brand names of hhgregg and Fine Lines. The company operates through
131stores mostly located in states Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South
Carolina, Tennessee and Virginia. Hhgregg employs over 4900 employees.

The company operates its business through its three reportable business segments namely Video Products, Home
Appliances and Other Products and Services.

The Video Products segments of the company offers video products such as LED televisions, as well as Blu-ray players.
The brands offered by the company in this category include Curtis, LG, Mitsubishi, Panasonic, Samsung, Sharp, Sony
and Toshiba.

The Home Appliances segment of the company offer major appliances, including refrigerators, ranges, dishwashers,
freezers, washers and dryers, under several brands which includes Frigidaire, GE, Haier, KitchenAid, LG, Maytag,
Samsung and Whirlpool.

The Other Products and Services of the company offers CD players, digital camcorders, digital cameras, gaming bundles,
home theater receivers, mattresses, MP3 players, notebook computers, personal navigation, speaker systems and
telephones. The brands offered by the company in this category include Acer, Canon, Garmin, HP, Nikon, Samsung,
Serta, Sony and Toshiba.

Apart from this, the company also provides services such as third party extended service plans (ESPs), third party in
home service and repairs, same day delivery and installation and in home repair and maintenance services.

The company operates four central distribution centers (CDCs) and nine regional distribution centers (RDCs). The CDCs
of the company are located in Atlanta, Georgia; Brandywine, Maryland; Indianapolis, Indiana and Orlando, Florida, and
RDCs in Birmingham, Alabama; Charlotte, North Carolina; Cincinnati, Ohio; Cleveland, Ohio; Columbus, Ohio;
Jacksonville, Florida; Louisville, Kentucky; Nashville, Tennessee and Raleigh, North Carolina. The CDCs receive products
directly from manufacturers and stock merchandise for local customer delivery. RDCs receive inventory daily from their
respective CDCs or directly from manufacturers for home delivery.

The company operates its store throughout the US which include Alabama (5), Florida(20), Georgia(15), Indiana (17),
Kentucky (6), Mississippi (1), North Carolina (17), Ohio (27), South Carolina (6), Tennessee (11), Virginia (6) store.

In the year 2010, hhgregg announced to open a new store in Berwyn, Pennsylvania.




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hhgregg, Inc. - SWOT Profile                                                                                     Page 3
hhgregg, Inc.

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hhgregg, Inc. - Major Products and Services

hhgregg, Inc is engaged in specialty retailing of video, audio, home appliances and other consumer electronic products
and accessories.

hhgregg, Inc., Major Products and Services
Products:

Video Products:

LCD TV

DVD Players and Recorders

Home Appliances:

Refrigerators

Ranges

Dishwashers

Freezers

Washers

Dryers

Other Products:

Audio Products

Mattresses

Notebook Computers

Consumer Electronics and Accessories
Source: Annual Report, Company Website, Primary and Secondary Research




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hhgregg, Inc. - SWOT Profile                                                                                     Page 4
hhgregg, Inc.

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hhgregg, Inc. - History

hhgregg, Inc., History

    Year                Event type                                                    Description


                                                The company entered in to agreement with E-Gear magazine to provide Digital
   2010      Contracts/Agreements
                                                magazine subscriptions to customers.


   2010      Corporate Changes/Expansions The company opened its six new store in the area of Baltimore, Maryland.


   2009      Corporate Changes/Expansions The company opened its 117th store in Evansville, Indiana.


   2009      Corporate Changes/Expansions The company opened its new location in Cincinnati, Ohio.


   2008      Corporate Changes/Expansions The company entered into Florida and planned to open its 100th store.


   2007      Stock Listings/IPO                 The company went for initial public offering.


   2005      Ownership Changes                  The company was recapitalized with majority acquisition by Freeman Spogli & Co.


                                                The company opened a second distribution center and thereby entered Atlanta, GA
   2003      Corporate Changes/Expansions
                                                market.


   1996      Corporate Changes/Expansions The company expanded into Louisville market.


   1987      Acquisitions/Mergers/Takeovers The company acquired Old Hickory TV and Appliance stores in Nashville.


   1986      Corporate Changes/Expansions The company opened a store in Terre Haute.


                                                The company opened its new corporate headquarters and distribution center in
   1986      Corporate Changes/Expansions
                                                Indianapolis.


   1984      Corporate Changes/Expansions The company opened a store in Lafayette.


   1975      Corporate Changes/Expansions The company opened a store on the east side of Indianapolis.


   1973      Corporate Changes/Expansions The company opened a store in Anderson.


   1971      Corporate Changes/Expansions The company opened a store on the south side of Indianapolis.


   1955      Incorporation/Establishment        The company was incorporated.

Source: Annual Report, Company Website, Primary and Secondary Research




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Description: Business Review’s hhgregg, Inc. contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.
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