Another national retailer with local outlets is closing some of its stores in the metro area.
Electronics and home appliance big box store hhgregg said it will close 88 of its stores, including three in the metro area.
Those closing in Louisiana are in Metairie, on the west bank in Harvey and one at the Mall of Louisiana in Baton Rouge.
Current inventory in the affected stores will be sold over the coming weeks, with final closings expected to be complete by mid-April. The closings will result in the elimination of approximately 1,500 positions.
“The management team has worked tirelessly over the past year to return hhgregg to profitability,” said Robert J. Riesbeck, hhgregg's President and CEO. “We have determined that the economics of the affected locations will not allow us to achieve our overall goal of becoming a profitable company again. After scrutinizing our real estate portfolio, we have identified a number of underperforming stores, as well as store locations that are no longer strong shopping destinations due to changes in the local retail shopping landscape.”
Hhgregg will also close its distribution and delivery centers located in Brandywine, Maryland; Miami, Florida and Philadelphia, Pennsylvania. These facilities will continue to support customer orders of all product sold in the closing locations until all product has been delivered.
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