New consumer electronics retailer bets on South Florida

South Florida consumers shopping for a high definition television or a refrigerator will now have an additional choice.

A new player in the consumer electronics industry is making a major market push: hhgregg will open 10 stores over the next week stretching from Jensen Beach to Pinecrest, including Fort Lauderdale, Pembroke Pines, Aventura and Hialeah. Soft openings of individual stores will begin this weekend, with an official grand opening scheduled for July 14.

Another three Miami-Dade locations are in the works for next year. Homestead is already a lock and the company is searching for locations in Kendall and Doral.

“We’re going to blanket the market,” said Dennis May, chief executive officer, who visited South Florida to survey the region this week. “We like to enter a market with a full advertising share of voice and to do that efficiently, we need to enter a market with enough strength. We like to advertise aggressively and let consumers know we’re here. To do that, you have to be convenient to the consumer.”

The company, which was started in 1955 in Indianapolis by Henry Harold Gregg and his wife Fansy, will have 185 stores counting the South Florida openings. Nationally, hhgregg has been on an aggressive expansion push, opening 109 stores over the last five years and breaking $2 billion in revenue for the first time last year. Despite the expansion, it still has a long way to go to reach the same sales as industry leader Best Buy, which counts $50 billion in revenue.

hhgregg’s focus is on regional strip shopping centers with easy access for its customers, who skew toward a female demographic. At an average of 30,000-square-foot, shoppers can get a quick view of the entire store, which is smaller than the competition.

Most of the store is devoted to the home theater and appliance markets, which together represent about 80 percent of the chain’s business. But you’ll still find an ample selection of consumer electronics including computers, digital cameras and cellphones, plus a surprise category: mattresses. What you won’t find is music or movies or a huge stash of video games.

May vows that South Florida consumers will find product and pricing that’s comparable to his competitors. Where hhgregg hopes to differentiate itself is based on the strength of its customer service. The concept is touted in its new national advertising campaign, called “We Help,” that kicked off in May created by Zimmerman Advertising of Fort Lauderdale.

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New consumer electronics retailer bets on South Florida

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Close connections with the outside the three major home appliances ...

Article by liujianwu

 Appliance supermarkets stationed themselves Baoan “Huaqiang North,”SuningNext month to open two stores in Baoan with Close connections with the outside the three major home appliances beachhead “fight” From the bus station turn right onto BaoanBusinessTwo sections paraelectric, all music,States United StatesAnd other chain stores followed greets this is the first known local business circles, Baoan, now it is rapidly expanding, attracting many well-known chain of commercial beachhead off the first stop outside the site here. Yesterday, another high-profile appliance giant Suning announced a further two stores in Baoan fired at start Ã^r 4,600-square-meter store will be opened early next month, following less than two kilometers away will also venture all the way out, Baoan The third store, store area will reach more than 6000 square meters. Visited the business the way I drove, two sections impressive was the way forward and start Ã^r at the intersection of the intersection, a paraelectric, two countries the United States, a soon opened Suning, 4 major appliance Marketplace Tobe foot door. Several giant hand to hand, the intensity of this appliance supermarkets, and even the industry as Huaqiang North Second. Get together: appliance hypermarkets close shop In the east of the business Ã^r 25 next to a distance of less than 600 meters, the two countries see the U.S. appliance stores were opened in 2003, the U.S. State Baoan shops and in May 2005 opened the treasure store. Su Ning yesterday announced the opening of two stores also 2 km away, however. Appliances hypermarket in so close to open two stores, people can not help but be puzzled.Su Ning, vice president of the Shenzhen region Bao Dongsheng told reporters that the two stores are not in conflict, because the business is located in Bao’an Ã^r store has more mature business district, and start all the way shop in the Regent Square, near the Metro extension cord, Shennan Road, Baoan Road, etc good connection, and most importantly, it is in the new center, Bao’an District, in the central area of the new underground entrance between the two south side of RdPlanningConstruction of about 200 thousand square meters shopping, restaurants and leisure in one of the major high-end shopping parks, and planning and construction known as the “center of corporate headquarters, Baoan base” for the emerging commercial center circle to provide more adequate consumption of power. Some experts believe that this large-scale concentrated form face to faceCompetitionAlthough intensified competition, but as a whole, will attract more consumers. Previously distributed appliance stores, people sub-regional consumption, and they now thought of buying electrical appliances, will come this, also contributed to the birth of the second Huaqiang North, every business can benefit. Expansion: the average in January to open a store at least Newly appointed general manager of Shenzhen Tian Rui Su Ning region previously said in an interview this year will be Suning into Shenzhen three years after the major expansion in years. Yesterday, Bao Dongsheng said at least this year, out of 15 to 18 new stores on average are at least one store a month the speed of expansion. He saidPackageIncluding the signing of the two stores now, Baoan has reached three the number of stores, but once in the manhole, Longhua, a good store location will continue distribution, outside the shop this year, the pace of strengthening relations. Insiders pointed out that despite this year’s major electrical chain store giant will enhance the quality of a single lot of work to do, which no doubt enhance the core competitiveness is an important step, but they will still be in the secondary and tertiary markets to increase the pace of expansion, for leading competitors in the network building, a big step. Of: Reporter Lu Shuqian In the east of the business Ã^r 25 next to a distance of less than 600 m, the two countries see the U.S. appliance stores were opened in 2003, the U.S. State Baoan shops and in May 2005 opened the treasure store. Su Ning yesterday announced the opening of two stores also 2 km away, however. Appliance hypermarkets in so close to open two stores, people can not help but be puzzled.Su Ning, vice president of the Shenzhen region Bao Dongsheng told reporters that the two stores are not in conflict, because the business is located in Bao’an Ã^r store has more mature business district, and start all the way shop in the Regent Square, near the Metro extension cord, Shennan Road, Baoan Road, etc good connection, and most importantly, it is in the new center, Bao’an District, in the center of the south side of the two new underground entrance Rd between planning and construction of about 200,000 square meters shopping, restaurants and leisure in one of the major high-end shopping park, and plans to build known as the “center of corporate headquarters, Baoan base”, the emerging center of business circles will provide more adequate power consumption. Some experts believe that this large-scale face to face competition in concentrated form, although the increased level of competition but as a whole, will attract more consumers. Previously distributed appliance stores, people sub-regional consumption, and they now thought of buying electrical appliances, will come this, also contributed to the birth of the second Huaqiang North, every business can benefit.


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