HH Gregg closing Mall of La. location
BATON ROUGE – The electronics store on the Mall of Louisiana's Boulevard, HH Gregg will close the company announced officially.
"We are strategically exiting markets and stores that are not financially profitable for us," said Robert J. Riesbeck, the company's president and CEO.
Also closing are two other locations in Louisiana: in the New Orleans suburbs Metairie and Harvey.
HH Gregg is undergoing a turnaround, in hopes of improvement business.
"We have determined that the economics of the affected locations will not allow us to achieve our overall goal of becoming a profitable company again. After scrutinizing our real estate portfolio, we have identified a number of underperforming stores, as well as store locations that are no longer strong shopping destinations due to changes in the local retail shopping landscape."
When contacted last week about the possibility of the store at the mall in Baton Rouge closing, a mall official deferred comment to HH Gregg.
Current inventory in the affected stores will be sold over the coming weeks, with final closings expected to be complete by mid-April. The closings will result in the elimination of approximately 1,500 positions.
With HH Gregg's exit from the Boulevard – an outdoor shopping area with many upscale stores – it's corner location will be arguably one of the mall's most visible signs of the changing retail landscape.
Follow the publisher of this post on Twitter: @treyschmaltz
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
As Pac-12, Big Ten cancel, Sankey is 'Comfortable' with SEC's approach to...
West Baton Rouge Schools reopening today
SEC Commissioner Greg Sankey discusses likelihood of fall season
First day virtually back for students in EBR parish
Pointe Coupee Parish students return to class virtually and in-person
LSU AD releases statement as conferences debate canceling college football season
SEC adds Vanderbilt, Missouri to LSU's 2020 football schedule
DD Breaux speaks on her legacy at LSU
SEC presidents approve plan for 10-game, conference-only football schedule
SWAC moves fall sports, including football to the spring