Who gains when HHGregg loses?

Among several other stores closings announced in 2017, the regional electronics and appliance chain HHGregg may have flown under the radar. It did come to the attention of RetailWire panelists like me:

Best Buy will benefit, naturally, in those markets where HHGregg had a store footprint and market share. There are significant clusters of stores around Chicago, in the mid-Atlantic and mid-South (including Atlanta) and in Florida. But don’t expect it to compare to the demise of Circuit City — not only because HHGregg isn’t a national competitor but also because of the changing retail landscape.

Another retailer that might gain share is JCPenney, as it pushes into the major appliance business. Keep an eye on the big home improvement chains, too; this is one business that hasn’t been dominated by Amazon (yet).

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