Fair Lakes hhgregg Store To Close Doors

FAIRFAX, VA — The hhgregg store in the Fair Lakes Promenade shopping center will soon be closing, company officials announced Thursday.

The Fairfax-area store will likely close in April, according to a statement from hhgregg.

It is one of 88 stores nationwide and 15 in Virginia marked as underperforming by the company, which sells electronics, furniture and appliances. The retail chain is based in Indianapolis.

"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," hhgregg President/CEO Robert J. Riesbeck said in a statement. "We are strategically exiting markets and stores that are not financially profitable for us."

Other Virginia hhgregg stores closing are in Falls Church, Springfield, Sterling, Woodbridge, Manassas and Fredericksburg.

Currently, there are 220 hhgregg stores in 19 states, and the decision to consolidate the corporate footprint came weeks after hhgregg announced it would need to restructure to earn a profit.

On Thursday, hhgregg reported that it would be eliminating about 1,500 positions through the closures.

"We feel strongly that the markets we will remain in are the right ones for our customers and our business model," Riesbeck said. "Our team is dedicated to moving forward and being a profitable 132 store, multi-regional chain where we will continue to be a dominant force in appliances, electronics and home furnishings."

In the weeks ahead, the Virginia stores will sell off their inventory, with the locations to be shuttered by the middle of April.

The hhgregg store in Fairfax is at 12189 Fair Lakes Promenade Drive.

Image: Patch file photo