DOVER — The hhgregg store on U.S. 13 in north Dover was among 88 locations that the chain placed on a “closing list” that the company released on Thursday.
The store offers everything from electronics and appliances to home furnishings.
Company officials said current inventory will be sold over the coming weeks and final store closings are expected to be completed by mid-April. The closings will result in the elimination of around 1,500 jobs.
“We are strategically exiting markets and stores that are not financially profitable for us,” said Robert J. Riesbeck, president and CEO of hhgregg. “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.”
The hhgregg store in north Dover, located next to Delaware State University in a shared building with PetSmart, opened in May 2010.
When the Dover location opened officials called it a “prime location,” especially because of the departure of Circuit City.
The Dover outlet joins company stores in Newark and Wilmington as hhgregg’s three locations in Delaware that will be closed.
Hhgregg will also close its distribution and delivery centers located in Brandywine, Maryland; Miami, Florida; and Philadelphia.
“I want to thank each and every manager and associate in our stores and distribution centers, and their families, for their continued efforts, contributions and support,” Mr. Riesbeck said.
“I understand this is not an easy process to go through, our history has shown that our team members will meet this challenge head-on and continue to support our customers and each other through the closing process.”
Delaware State News staff writer Mike Finney can be reached at firstname.lastname@example.org.