Brief: hhgregg inc approved plan to close 88 stores

hhgregg

02/03/2017 15:20

March 2 (Reuters) - Hhgregg Inc  HGGG.PK  
    * Approved plan to close 88 stores to reallocate resources 
to align closely with its strategic goals to improve liquidity, 
return to profitability 
    * Says in connection with plans, company expects to incur 
total pre-tax charges of approximately $12 million to $21 
million - sec filing 
    * Will also close one regional distribution center and two 
local distribution centers which supported closed store 
locations 
    * Has approximately $190 million outstanding for operating 
lease obligations relating to these stores and distribution 
centers 
 
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Further company coverage:  HGGG.PK  
 
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