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HHGregg to close all stores after failing to find a buyer -- news article

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This doesn't seem to be widespread on the internet yet -- a search I did a couple of minutes ago didn't pull up anything --

but the Indianapolis Star, the main newspaper of Indianapolis (where HH Gregg is headquartered), 
is reporting in the last hour (it's the first listed article on the "front page" of their website at http://www.indystar.com/ )
that HH Gregg will now close all stores because they didn't find a buyer before 5 pm today (their deadline to do so):

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HHGregg to close all stores after failing to find a buyer

Published 4:39 p.m. ET April 7, 2017
http://www.indystar.com/story/money/2017/04/07/hhgregg-close-all... 

"The going-out-of-business sales start this weekend at HHGregg.

The bankrupt electronics and appliances retailer is planning to begin liquidating its assets Saturday after failing to find a buyer by its Friday deadline. The company expects all of its 220 stores to close by the end of May.

HHGregg CEO Bob Riesbeck in a statement said the company has "continued to fight for the future" since March 6 when it filed for Chapter 11 bankruptcy protection

"While we had discussions with more than 50 private equity firms, strategic buyers, and other investors, unfortunately, we were unsuccessful in our plan to secure a viable buyer of the business on a going-concern basis within the expedited timeline set by our creditors," Riesbeck said.

The liquidation ends a 62-year run for HHGregg, which is headquartered on 96th Street [in Indianapolis].

This story will be updated."

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The prior thread on this topic, posted 40 days ago:  https://www.fatwallet.com/forums/deal-discussion/1556726 

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rated:
I've been hearing a lot of horror stories about people who ordered things from them before the bankruptcy filing not being delivered their goods as promised and not being given any refund, and instead being given these forms to be included as part of the bankruptcy settlement. In some cases, the stores even have the item, but aren't permitted to give it to the customer because of the bankruptcy. That's just... bad. Of course, it's worth noting that these people are all "cash is king" people, who are hopefully learning their lesson that cash isn't king, and if they'd paid with a credit card, they would have been protected against this.

rated:
sdskees said:   I've been hearing a lot of horror stories about people who ordered things from them before the bankruptcy filing not being delivered their goods as promised and not being given any refund, and instead being given these forms to be included as part of the bankruptcy settlement. In some cases, the stores even have the item, but aren't permitted to give it to the customer because of the bankruptcy. That's just... bad. Of course, it's worth noting that these people are all "cash is king" people, who are hopefully learning their lesson that cash isn't king, and if they'd paid with a credit card, they would have been protected against this.
  How did they order something with cash?

rated:
I think probably a washer or dryer. You have to pay and then they deliver from the warehouse.

rated:
sdskees said:   I've been hearing a lot of horror stories about people who ordered things from them before the bankruptcy filing not being delivered their goods as promised and not being given any refund, and instead being given these forms to be included as part of the bankruptcy settlement. In some cases, the stores even have the item, but aren't permitted to give it to the customer because of the bankruptcy. That's just... bad. Of course, it's worth noting that these people are all "cash is king" people, who are hopefully learning their lesson that cash isn't king, and if they'd paid with a credit card, they would have been protected against this.
  The items inside the B&M Store do not belong to HH Gregg anymore, so the liquidator company would never give anyone a product paid for to HH Gregg.
​I think it is their own fault for buying from a sinking ship company. Lowes and Home Depot at least equal HH Gregg prices, plus giftcards and coupons are very easy to find.

rated:
Dealpouncer said:   
sdskees said:   I've been hearing a lot of horror stories about people who ordered things from them before the bankruptcy filing not being delivered their goods as promised and not being given any refund, and instead being given these forms to be included as part of the bankruptcy settlement. In some cases, the stores even have the item, but aren't permitted to give it to the customer because of the bankruptcy. That's just... bad. Of course, it's worth noting that these people are all "cash is king" people, who are hopefully learning their lesson that cash isn't king, and if they'd paid with a credit card, they would have been protected against this.
  How did they order something with cash?

  
Not online ordering (which is what we assume when people say ordering these days), but old-fashioned in-store ordering where you choose the product and they deliver it to you.

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