HHGregg is closing 88 stores, including 2 in Alabama, the appliance and electronics retailer announced today.

The closures come following reports the 61-year old Indianapolis-based chain was considering filing for bankruptcy after two years of falling sales and dismal revenue numbers from the holiday season. The chain currently employs about 3,700 people with 1,500 jobs being cut through the closures.

"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."

Inventory at the affected stores will be sold over the coming weeks with the closures expected to be complete by mid-April. Three HHGregg distribution centers - located in Maryland, Florida and Pennsylvania - will also close.

The chain will continue to operates 132 stores.

List of closing locations

HHGregg will close stores in 15 states: Alabama, Delaware, Florida, Georgia, Illinois, Louisiana, Maryland, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and West Virginia:

Alabama

Mobile

Trussville

Delaware

Newark

Dover

Wilmington

Florida

Pembroke Pines

Hialeah

Sawgrass, Plantation

Fort Lauderdale

Kendall, Miami

West Palm Beach

Boca Raton

Homestead

Florida Mall, Orlando

Pensacola

Aventura

Pinecrest

Treasure Coast Mall, Jensen Beach

Gainesville

Georgia

Stonecrest, Lithonia

Gwinnett, Duluth

Southlake, Morrow

Buckhead, Atlanta

Illinois

Schaumburg

Bloomingdale

Arlington Heights

Niles

Springfield

Champaign

Louisiana

Maryland

Hagerstown

Largo

Waldorf

Rockville

Frederick

Catonsville

Hanover

Bel Air

Towson

Annapolis

Glen Burnie

Louisiana

Kenner Westgate, Metairie

Westbank, Harvey

Mall of Louisiana, Baton Rouge

Missouri

Chesterfield

New Jersey

Moorestown

Deptford, Woodbury

Mays Landing

North Carolina

Mooresville

Durham

Cary

Asheville

Ohio

Newark, Heath

Fairlawn, Akron

Mansfield

Tri-County, Springdale

Pennsylvania

Lower Paxon, Harrisburg

York

Mechanicsburg

Lancaster

Wilkes-Barre

Dickson City

Wyomissing

Downington

King of Prussia, Berwyn

Montgomeryville, North Wales

Whitman Square, Philadelphia

Langhorne

Whitehall

North Hills, Pittsburgh

Erie

Tennessee

Mt. Juliet

Virginia

Short Pump, Henrico

Chesterfield, Midlothian

Newport News

Virginia Beach

Chesapeake

Fredericksburg

Colonial Heights

Winchester

Roanoke

Springfield

Sterling

Fairfax

Bailey's Crossroads, Falls Church

Woodbridge

Manassas

West Virginia

Parkersburg, Vienna