HHGregg To Close Thanksgiving Day

HHGregg Inc. said Tuesday that all of its 220 brick-and-mortar stores will be closed on Thanksgiving Day. The move is meant to allow store associates to spend the holiday with family, said Chief Executive Bob Riesbeck in a statement, "and we are encouraging our customers to do the same." Deals will be available online, on Black Friday and throughout the weekend, Riesbeck said. HHGregg will be open on Wednesday from 9 a.m. to 10 p.m. and on Black Friday from 7 a.m. to 10 p.m. Stores will also be open throughout the weekend. HHGregg shares are down nearly 68% for the past year while the S&P 500 Index are up 7.4% for the same period.

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