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hhgregg Files for Bankruptcy, Announces Sale of Company to Undisclosed Buyer

Electronics and Appliance Retailer Hiring Hilco, Gordon Bros. to Conduct Store Closure Sales

Indianapolis-based hhgregg Inc. (NYSE:HGG), which announced plans last week to close 88 of its stores following an ill-fated national expansion, this morning filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code.

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