Hhgregg bucks trend, will close on Thanksgiving

Electronics and appliance chain Hhgregg announced Tuesday it will keep all of its 220 stores closed on Thanksgiving, saying it is important for employees to spend the holiday with their family.

(Getty Images)
(Getty Images)

“We stand behind our core values and beliefs of being a family-first company,” said Bob Riesbeck, President and CEO of Hhgregg. “It’s important to us that our associates are able to be home with their families on Thanksgiving, and we are encouraging our customers to do the same – knowing great deals will be available online, on Black Friday and through the weekend.”

The company said its announcement makes it the first major electronics retailer to draw a line in the sand on Thanksgiving Day hours. Last year, Hhgregg was opened from 4 p.m. to midnight on Thanksgiving.

“We continue to see a shift in the market place and feel it’s time for electronics industry leaders to take charge and move the shift back, in order to give associates, and people in general, more quality time with family and friends,” said Chris Sutton, the company’s Senior VP of Marketing.

The Black Friday website BfAds.net reports that 43 stores will remain closed on Thanksgiving this year, including GameStop, Home Depot and Costco.

Brent Shelton, a spokesman for BfAds.net, said the closure list is “on par” with last year, adding that the website expects about a dozen more retailers to follow suit in the coming weeks.

 

Wal-Mart to close 269 stores

Wal-Mart Stores, Inc. announced on Friday that it plans to close 269 stores across the globe.

Wal-Mart said will close 154 locations in the U.S., including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. The company also plans to close 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.

Customers peruse the aisles of a local Walmart.
Customers peruse the aisles of a local Walmart.

Wal-Mart said it is also closing 115 stores outside the United States. This includes 60 recently-closed, loss-making stores in Brazil, which represents only 5 percent of sales in that market, Wal-Mart said in a news release announcing the closures.

According to Wal-Mart’s website, none of the stores slated to close are in Palm Beach County.

Three Wal-Mart Express stores are closing Jan. 28 in Florida:

• Store No. 3358, 1113 S.R. 20, Interlachen

• Store No. 4265, 1209 East Wade St., Trenton

• Store No. 4267, 15726 S.E. Highway 19, Cross City

For a complete list of store closures, click here.

Wal-Mart operates nearly 11,600 stores worldwide.

In total, the impacted stores represent less than 1 percent of both global square footage and revenue, the company said in a news release.

“Actively managing our portfolio of assets is essential to maintaining a healthy business,” said Doug McMillon, president and CEO, Wal-Mart Stores, Inc. “Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future. It’s important to remember that we’ll open well more than 300 stores around the world next year. So we are committed to growing, but we are being disciplined about it.