Daily News
From Home Furnishing Business
HH Gregg to Explore Potential ‘Strategic Transactions’
February 16,
2017 by Larry Thomas in Business Strategy, Industry 
Troubled furniture, appliance and electronics retailer HH Gregg (NYSE: HGG) said it has retained a financial adviser and investment banker “to pursue a range of potential strategic and financial transactions” as it seeks to reverse recent losses and improve liquidity.
The company said Stifel, Nicolaus & Co., Inc. and Miller Buckfire & Co., LLC., have been hired as financial adviser and investment banker, respectively. Both firms are units of Stifel Financial Corp.
“We are committed to improving our results through our business strategy, including investments made to shift our focus to appliances and furniture, and additional expected cost reductions," said Robert J. Riesbeck, president and CEO. "We believe it is an appropriate time to explore potential strategic transactions. As the company undertakes this exploration process, we are focused on the execution of our business strategy and remain fully committed to serving our customers' needs."
The company said it doesn’t intend to disclose developments or provide updates “unless it deems further disclosure is appropriate or required.”
The retailer operates 220 stores in 19 states.