Looking toward the future, retailer hhgregg Inc. expects to open between 35 and 45 stores in fiscal 2012, mainly in three specific markets, according to this CoStar article. We were glad to see Miami, Florida, among their three select markets, with Chicago and Western Pennsylvania being the other main two. Dennis May, president and CEO of the appliance and electronics retailer, told CoStar:
“We continue to be pleased with our new store performance despite challenging economy and current industry headwinds. Our new store productivity remains strong and we continue to identify and secure exciting new locations which continue to move us another step closer towards our goal of becoming a national retailer.”
We think choosing Miami for “exciting new locations” speaks to the company’s confidence in the South Florida market, which continues to grow and develop.
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