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Hhgregg warns of 11% sales drop

January 7, 2016

Final holiday financial results aren’t in, but electronics retailer hhgregg (NYSE:HHG) released an early report warning of poor sales during the season.

The retailer estimates sales of $593 million, an 11 percent drop from last year’s $666 million during the third fiscal quarter. Comparable store sales are estimated to have declined 11 percent across the store.

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