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Hastings Entertainment was a U. Hastings Entertainment stores were tradesmart store located in tradesmart store college towns in the U. Hastings Entertainment was headquartered in Amarillo, Texas. The company initially weathered the decline of video rental stores, outliving both Blockbuster Video and Hollywood Video.

However, declining sales finally forced the company to shift its primary focus to collectibles and comic books in the s. Through the early to mid s, Hastings became the largest comic tradesmart store retailer in the United States. Litwak had previously salvaged Macy's and Trans World Entertainment from near-bankruptcy in the s and early s, respectively. Inthe company was founded as a retailing division of Western Merchandisers, Inc. On March 7,the company restated its earnings in the first three quarters of fiscal Despite the closure tradesmart store other video rental stores such as Blockbuster and Hollywood video, Hastings initially thrived in the early s due to a diversification tradesmart store merchandise.

Inthe company opened an account with Diamond Comic Distributorsmaking Hastings the largest tradesmart store market comic book retailer in the United States. The comic sections of all stores were expanded in connection with the Diamond account. InHastings redesigned its stores to emphasize toys, gifts, consumer electronics, musical instruments, disc golf, skateboards, hobby, and sport licensed and branded products, which had higher profit margins, as sales of books, music, and videos declined.

The move also sought to combat the growing popularity of digital media, by emphasizing products which could not be downloaded. Inafter years of losses and with more losses projected in the future, the company's directors decided to shop the tradesmart store to potential buyers.

In JuneHastings Entertainment filed for bankruptcy protection. Hastings Entertainment was granted tradesmart store extra week to find new investors or restructure the business as a franchise. Tradesmart store to find any interested parties, the company tradesmart store up for auction on July 20, Rather than allow the few Hastings that were still profitable to continue operating, Hilco and Gordon Brothers opted to liquidate the entire company.

One fan of the Hastings franchise, Mason Morgan, stated on an online video he contacted the Calendar Holding LLC to find out what they plan to do with the stores. He said they have yet to respond to any of his emails. The number of retail stores in 23 states was about a few years before bankruptcy [15] with 3, employees.

Entertainment retailer Vintage Stock took over at least five former Hastings locations. From Wikipedia, the free encyclopedia. For other uses, see Hastings disambiguation. Retrieved 18 May Retrieved Tradesmart store 8, Hastings saw bleak future". Archived from the original on October 13, Retrieved November 4, Retrieved December 27, Tradesmart store from " https: Use dmy dates from February Views Read Edit View history. This page was last edited on 16 Marchat By using this site, you agree to the Terms of Use and Privacy Policy.

Amarillo, TexasUSA.

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