Indianapolis-based consumer electronics firm hhgregg announced Thursday it will close 88 stores nationwide, including its three in Delaware.
The company also will shutter three distribution facilities.
Company spokeswoman Chantal Kowalski said hhgregg has a store in Dover, which employs about 17 people. The other Delaware locations, in Newark and Wilmington, have about 55 people on the payroll.
“Regarding the closing dates of the Delaware stores, we do not know the exact closing date for each store location at this time,” she said. “The stores will remain open until current inventory is sold, which we expect will be complete within the next 5-6 weeks."
“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. We feel strongly that the markets we will remain in are the right ones for our customers and our business model. Our team is dedicated to moving forward and being a profitable 132 store, multi-regional chain where we will continue to be a dominant force in appliances, electronics and home furnishings.”