Electronics Retailer Swooping In To Fill Circuit City’s Shoes

A major electronics retailer is opening multiple stores in Richmond this coming year, possibly taking over some locations left behind by Circuit City, including the former Short Pump Town Center store. Indianapolis-based hhgregg announced Wednesday morning they planned to open up to 22 stores, most of which will be located in Richmond; Tampa, Florida; and Memphis […]

July 8, 2009; 4:50 PM • by Al Harris

A major electronics retailer is opening multiple stores in Richmond this coming year, possibly taking over some locations left behind by Circuit City, including the former Short Pump Town Center store. Indianapolis-based hhgregg announced Wednesday morning they planned to open up to 22 stores, most of which will be located in Richmond; Tampa, Florida; and Memphis Tennessee.

One confirmed location will be at Hancock Village in Chesterfield County.

Developer Doug Horack told the Chesterfield Observer last August that hhgregg would take over the 30,000 square foot store that was originally slated to be a Circuit City location.

From the hhgregg press release:

During the past year, competitive dynamics within the consumer electronics industry and the real estate landscape have changed considerably, with a major competitor exiting the market and substantial real estate availability in both new and existing markets.

The retailer started as small appliance shop in 1955. It is still operated by the Gregg family and today has 112 stores located throughout the South and parts of the Midwest.

No confirmation yet if hhgregg plans to take over any of the six Circuit City stores around town, but brokers are reported to have been marketing the properties to them since they became available.

July 8, 2009 4:50 PM 0