For the first time in six months, retail sales ticked higher in August.
Granted, it wasn’t by much – a scant 0.7% higher than July. But it’s inevitable that consumers will eventually get back to their spending ways as this recession subsides.
And if you’re looking for a way to play it, consider hhgregg, Inc. (NYSE: HGG). Here’s why…
hhgregg, Inc: This Retailer is Bucking the Industry Trend
Based in Indianapolis, the hhgregg operates 111 retail stores selling consumer electronics and home appliances. Yes, I know that’s the same stuff you can get at your typical Best Buy (NYSE: BBY), Home Depot (NYSE: HD), or Lowe’s (NYSE: LOW).
But this company is hardly typical.
While most retailers are focused on survival, hhgregg’s in full-on attack mode. It’s not pinching pennies to stay afloat. It’s not reducing the workforce. It’s not closing underperforming stores, or mothballing expansion
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