Investopedia: hhgregg's Struggles Suggest Best Buy Could Be In Big Trouble
For all of the debate and discussion about what ails Best Buy (NYSE:BBY)
and whether this large electronics and appliance retailer has a future,
it's worth observing that times are just as bad (if not worse) at hhgregg (NYSE:HGG).
While investors shouldn't draw straight lines between the two companies
(hhgregg is much more focused on appliances and TVs), the fact remains
that consumers are holding back on big-ticket spending and this does not
bode well for the retailers.