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Three hhgregg debtors report operating results for month ended Jan. 31
By Caroline Salls
Pittsburgh, Feb. 8 – hhgregg, Inc. reported zero operating income, net sales and net income for January, the same as in December, according to its monthly operating report filed Feb. 7 with the U.S. Bankruptcy Court for Southern District of Indiana.
In addition, the company had no cash in January or December.
The Gregg Appliances Inc. debtor saw a $932,000 operating loss and an $11.28 million net loss for January on zero net sales.
In comparison, Gregg Appliances reported a $953,000 operating loss and $2.13 million net loss for December, also on zero net sales.
Gregg Appliances listed $8.65 million in cash as of Jan. 31, up slightly from $8.64 million at the end of December.
Meanwhile, the HHG Distributing LLC debtor also showed no operating income, net income, sales or cash for January or December.
hhgregg is an Indianapolis-based specialty retailer of consumer electronics and home appliances. The company filed for bankruptcy on March 6, 2017 under Chapter 11 case number 17-01302.
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