Two hhgregg stores in the Greater Lehigh Valley will be among the 88 the electronics, appliance and furniture retail chain said it will be closing.
Stores in Whitehall Township and Wyomissing are among those slated for closure according to the company’s website.
The store announced it would close those stores and three distribution facilities in an effort to refocus on its core markets. One of those distribution facilities is in Philadelphia.
“The management team has worked tirelessly over the past year to return hhgregg to profitability,” Robert J. Riesbeck, hhgregg’s president and CEO, said in a news release. “We have determined that the economics of the affected locations will not allow us to achieve our overall goal of becoming a profitable company again.
“After scrutinizing our real estate portfolio, we have identified a number of underperforming stores, as well as store locations that are no longer strong shopping destinations due to changes in the local retail shopping landscape.”
The final closings are expected to be complete by mid-April.
The closings will result in the elimination of about 1,500 positions companywide. The company did not say how many jobs were being lost at the Wyomissing or Whitehall stores.
