hhgregg Coming to Philly Area
The demise of Circuit City and Tweeter left the Philadelphia area with a lack of big box competition to consumer electronics retailing giant Best Buy. But new entrants are looking to fill the void.
Sixth Avenue Electronics has already opened a store in Montgomeryville, with another in the works in Wilmington and others to come. And yesterday hhgregg, a rapidly growing Indianapolis-based retailer, announced it will enter the Philadelphia market and other mid-atlantic states beginning in their 2011 Fiscal Year which begins in April 2010. The company plans to open between 40 and 45 new stores during fiscal 2011, with the majority of these new stores located in large and mid-sized metropolitan markets in the Mid-Atlantic region, including Philadelphia, Baltimore, and Washington, D.C. It has already executed leases for several of the stores to open in FY 2011.
hhgregg currently operates 112 stores in Indiana, Ohio, and several southeastern states.
