HHGregg Inc. is turning to investment banks including Miller Buckfire & Co. for help as the electronics and furniture retailer battles weak sales, Bloomberg News reported yesterday. The retailer also retained Miller Buckfire’s parent Stifel Financial Corp. to explore a range of strategic transactions. Morgan Lewis & Bockius LLP is hired as legal adviser, according to the report. Miller Buckfire will advise the company on plans including how to deal with its debt and a possible turnaround. The retailer posted disappointing numbers for the crucial holiday season in the quarter ended Dec. 31, with sales plunging 24 percent to about $453 million from the year earlier.
