Electronics retailer hhgregg files for bankruptcy

hhgregg

07/03/2017 02:50

March 6 (Reuters) - Appliances and electronics retailer 
hhgregg Inc said on Monday it has filed for bankruptcy 
protection and signed a term sheet with an unnamed party to 
purchase its assets. 
    The retailer filed for a Chapter 11 reorganization in the 
U.S. bankruptcy court for the Southern District of Indiana, the 
company said in a statement.  urn:newsml:reuters.com:*:nBw7B7GDBa  
    Hhgregg had hired Stifel Financial Corp  SF.N  last month, 
to advise it on strategic and financial transactions, as the 
company has been struggling with sales declines.  urn:newsml:reuters.com:*:nL4N1G05PL    
 
 (Reporting by Subrat Patnaik in Bengaluru; Editing by Amrutha 
Gayathri) 
 ((subrat.patnaik@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 8052; Reuters Messaging: 
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Keywords: HHGREGG BANKRUPTCY/