Consumer electronics and appliance chain hhgregg announced plans today to shutter scores of “underperforming” stores around the country, including all locations in Virginia.
Locally, that means stores in Short Pump, Midlothian, and Colonial Heights will shutter and hold going out of business sales. No word on when the process will start.
In all, the company plans to close three distribution facilities and 88 store locations in order to “reallocate resources to align more closely with its strategic goals to improve liquidity and return to profitability,” a news release stated.
“We are strategically exiting markets and stores that are not financially profitable for us,” said Robert J. Riesbeck, hhgregg’s President and CEO. “This is a proactive decision to streamline our store footprint in the markets where we have been, and will continue to be, important to our customers, vendor partners and communities. We feel strongly that the markets we will remain in are the right ones for our customers and our business model. 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.”
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.
More than 350 new apartments coming to Scott’s Addition as part of largest yet development
An entire block at Roseneath and West Moore Street will be transformed into a six-story apartment complex according to plans filed with the City of Richmond.
From the Richmond Times-Dispatch:
Plans are underway for one of the largest apartment complexes to be built in the Scott’s Addition neighborhood.
The 350-unit apartment building would take up most of a city block bounded by Roseneath Road, Mactavish Avenue and West Moore and Norfolk streets.
The six-story building would be across Roseneath Road from The Dairy Bar restaurant and across Moore Street from Väsen Brewing Co. and Stella’s Grocery gourmet market.
Tom Leonard’s Farmer’s Market planning to double size of Short Pump store
Construction on an expansion of the locally-owned store should commence this Spring.
From the Richmond Times-Dispatch:
Tom Leonard’s Farmer’s Market, which has operated in western Henrico County since 2004, is getting bigger.
The 15,000-square-foot market will nearly double in size when the store expansion project is completed later this year, owner Tom Leonard said.
Construction should begin late in the spring.
The expansion will take over the tented area to the left of the store – where pumpkins and Christmas trees are typically sold.
The added space will enable the market, off Tom Leonard Drive, to expand and move its bakery and deli departments into the new space. The bakery will be able to make fresh-boiled bagels – “the way they do them in New York,” Leonard said.
Richmond-based company launching digital TV streaming network today with event at VMHC
Richmond-based Soulidifly Productions will launch the new streaming TV network today and is throwing a launch party tonight in celebration.
Richmond based Soulidifly Productions is launching a new digital TV streaming network today known as SoulVision.TV. The new network will feature over 200 hours of “authentic, positive, and often untold human stories shown in feature films and movies, TV shows, news, interviews, cartoons, and more,” according to a news release.
The network will be accessible from all devices including all leading streaming platforms – Apple TV, Roku, Amazon Fire – and on all mobile platforms, tablets and other devices including smart TVs and home computers.
Entertainers Cecily, Carla Jackson, JJ Squire, and vocalist Imani Waters will headline an event this evening at the Virginia Museum of History and Culture ahead of the network’s launch.
The event takes place beginning at 6:30 PM at the museum at 428 N. Arthur Ashe Boulevard. Tickets are $20; $10 for students. Attendees can also get complimentary tickets by entering code “SVTV” on the ticketing page.
Learn more and get tickets here and check out a preview of the new network below.