WOW!!! Check Out These 10 Stores Closing!

6. HHGregg
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Regional electronics chain hhgregg (NYSE: HGG) has decided to close 88 stores and three distribution centers as part of its just-filed Chapter 11 bankruptcy protection plans. The company expects to emerge from bankruptcy in about 60 days and has received funding for the reorganization process from a non-disclosed source.

“We’ve given it a valiant effort over the past 12 months,” said CEO Robert J. Riesbeck in a press reelase. “We have conducted an extensive review of alternatives and believe pursuing a restructuring through Chapter 11 is the best path forward to ensure hhgregg’s long-term success.”

The electronics retailer will have 132 locations after the closures are completed. About 1,500 people will lose their jobs when the stores close, which the chain expects to happen by mid-April.

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