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From Home Furnishing Business

Report: HH Gregg Preparing Bankruptcy Filing

Struggling retailer HH Gregg (NASDAQ: HHG) is preparing to file for Chapter 11 bankruptcy protection – possibly as soon as next month, according to a report from Bloomberg News.

The company, which recently announced it had hired a financial adviser to explore strategic alternatives, has lost money the last two fiscal years as sales have slumped.

The report said the retailer is still seeking an out-of-court solution in hopes of avoiding a Chapter 11 filing.

To read the Bloomberg story, click here.



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