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Going-Out-of-Business Sales to Begin at All Hastings Entertainment Stores

Aug 02, 2016
Hilco Merchant Resources & Gordon Brothers Group to Manage Sales Event
 

BOSTON, July 22, 2016 /PRNewswire/ -- Hilco Merchant Resources and Gordon Brothers Group announced today that they will begin going-out-of-business sales at all Hastings Entertainment ("Hastings") retail locations beginning Saturday, July 23rd.  The joint venture partners were the successful bidders at the bankruptcy auction that took place on July 20th.  Sales will offer discounts of up to 30 percent on the entire stock of books, videos, games and music.

Founded in 1968, Hastings is a leading multimedia entertainment retailer that combines the sale of new and used books, videos, video games and music. In June, the company initiated a comprehensive process to evaluate potential buyers of the business and, as part of that process, filed voluntary petitions under Chapter 11 of the U.S. bankruptcy code. Hastings operates 123 superstores, averaging approximately 24,000 square feet, primarily in medium-sized markets throughout the United States.

"At Hastings, our mission has always been to bring our customers a diverse array of entertainment products and collectibles to appeal to many interests," said Jim Litwak, President & COO, Hastings Entertainment, Inc. "Our hope was that the Chapter 11 process would help to prepare our business for the intended sale while also providing additional protections and financing to allow us to serve our customers as usual.  Unfortunately, this process was unsuccessful. We thank our loyal employees and customers and encourage all to take advantage of the incredible savings this sale will offer on the superior selection of multimedia and entertainment products you have come to expect from Hastings."

A representative of the joint venture said, "We anticipate these well-known new and used movie titles, games and books to sell very quickly at up to 30 percent off the original price. Customers are encouraged to shop early for the best selection of their favorite products."

Merchandise will no longer be available on www.gohastings.com. Sale discounts apply in-store only. Furniture, fixtures and equipment are also available for sale.  

Please reference store list below:

 





ADDRESS

CITY

STATE

ZIP

750 EAST GLENN AVE

AUBURN

AL

36830

2340 HARRISON STREET

BATESVILLE

AR

72501

1421 MILITARY RD

BENTON

AR

72015

1360 HIGHWAY 64 WEST

CONWAY

AR

72032

6808 ROGERS AVENUE

FORT SMITH

AR

72901

1315 S CARAWAY RD.

JONESBORO

AR

72401

950 HIGHWAY 62 EAST

MOUNTAIN HOME

AR

72653

104 N HAMPTON AVENUE

RUSSELLVILLE

AR

72802

105 NORTH POPLAR

SEARCY

AR

72143

1985 HIGHWAY 95

BULLHEAD

AZ

86442

3153 STOCKTON HILL ROAD

KINGMAN

AZ

86401

321 LAKE HAVASU AVENUE NORTH

LAKE HAVASU CITY

AZ

86403

940 WILLOW CREEK RD

PRESCOTT

AZ

86301

3758 EAST FRY BLVD

SIERRA VISTA

AZ

85635

2820 S 4TH AVENUE

YUMA

AZ

85364

1811 FREMONT DR UNIT B

CANON CITY

CO

81212

2401 NORTH AVE

GRAND JUNCTION

CO

81501

8500 WEST CRESTLINE AVE

LITTLETON

CO

80123

2201-A SOUTH TOWNSEND ST.

MONTROSE

CO

81401

10539 OVERLAND ROAD

BOISE

ID

83709

680 E BOISE AVENUE

BOISE

ID

83706

7500 FAIRVIEW AVE

BOISE

ID

83704

101 BEST AVE

COEUR D ALENE

ID

83814

540 EAST 17TH ST

IDAHO FALLS

ID

83404

139 THAIN RD

LEWISTON

ID

83501

1769 NORTH LAKES AVENUE

MERIDIAN

ID

83646

2230 W PULLMAN RD

MOSCOW

ID

83843

1870 CALDWELL BLVD

NAMPA

ID

83651

870 BLUE LAKES N BLVD

TWIN FALLS

ID

83301

4601 NATIONAL ROAD EAST

RICHMOND

IN

47374

1701 N 14TH

DODGE CITY

KS

67801

2108 E KANSAS AVENUE

GARDEN CITY

KS

67846

3300 VINE

HAYS

KS

67601

416 EAST 30TH ST

HUTCHINSON

KS

67502

1900 W, 23RD

LAWRENCE

KS

66046

626 TUTTLE CREEK BLVD

MANHATTAN

KS

66502

2193 LANTERN RIDGE DR

RICHMOND

KY

40475

1460 MACARTHUR DRIVE

ALEXANDRIA

LA

71301

2136 WILLIAM SUITE #165

CAPE GIRARDEAU

MO

63703

2233 MISSOURI BLVD

JEFFERSON CITY

MO

65109

1800 N BALTIMORE

KIRKSVILLE

MO

63501

950 N WESTWOOD BLVD

POPLAR BLUFF

MO

63902

605 N BELT HIGHWAY

ST. JOSEPH

MO

64506

723 N CHARLES

WARRENSBURG

MO

64093

1603 GRAND AVE, UNIT B1

BILLINGS

MT

59102

1601 W MAIN

BOZEMAN

MT

59715

2307 HARRISON AVE

BUTTE

MT

59701

726 10TH AVE SOUTH

GREAT FALLS

MT

59405

3215 N MONTANA AVENUE

HELENA

MT

59604

2501 BROOKS ST STE A

MISSOULA

MT

59801

1041 EAST 23RD STREET

FREMONT

NE

68025

2300 N WEBB ROAD

GRAND ISLAND

NE

68803

5027 2ND AVENUE

KEARNEY

NE

68847

805 N WHITE SANDS BLVD

ALAMOGORDO

NM

88310

4315 WYOMING NE

ALBUQUERQUE

NM

87111

6001-R LOMAS BLVD NE

ALBUQUERQUE

NM

87110

6051 WINTER HAVEN ROAD

ALBUQUERQUE

NM

87120

800 JUAN TABO NE

ALBUQUERQUE

NM

87123

12501 CANDELARIA RD NE

ALBUQUERQUE

NM

87112

1601 W PIERCE STREET

CARLSBAD

NM

88220

1925 NORTH PRINCE

CLOVIS

NM

88101

3050 E 20TH ST

FARMINGTON

NM

87402

1822 N TURNER

HOBBS

NM

88240

2350 LOHMAN

LAS CRUCES

NM

88007

1630 RIO RANCHO DR

RIO RANCHO

NM

87124

1705 N MAIN

ROSWELL

NM

88201

542 N GUADALUPE

SANTA FE

NM

87501

1140 LONNIE ABBOTT IND BLVD

ADA

OK

74820

1700 NORTH MAIN ST

ALTUS

OK

73521

601 NORTH COMMERCE ST

ARDMORE

OK

73401

3005 E FRANK PHILLIPS BLVD.

BARTLESVILLE

OK

74006

610 S CLEVELAND

ENID

OK

73703

616 NW SHERIDAN ROAD

LAWTON

OK

73505

2230 E SHAWNEE

MUSKOGEE

OK

74403

2300 W MAIN

NORMAN

OK

73069

2900 N 14TH STREET

PONCA CITY

OK

74601

316 NORTH MAIN

STILLWATER

OK

74075

1105 GARTH BROOKS BLVD

YUKON

OK

73099

1600 FT CAMPBELL BLVD

CLARKSVILLE

TN

37042

650 HWY 51 BYPASS

DYERSBURG

TN

38024

501 N FOOTHILLS PLAZA DRIVE

MARYVILLE

TN

37801

1660 MEMORIAL BLVD

MURFREESBORO

TN

37129

1905 N JACKSON

TULLAHOMA

TN

37388

4709 S 14TH

ABILENE

TX

79605

2020 S GEORGIA

AMARILLO

TX

79109

4301 SW 45TH

AMARILLO

TX

79109

5512 GEM LAKE ROAD

AMARILLO

TX

79102

N 600 CENTER AVENUE

BROWNWOOD

TX

76801

725 VILLA MARIA

BRYAN

TX

77801

1306 W DAVIS STREET

CONROE

TX

77304

5101 WESLEY ST

GREENVILLE

TX

75401

501 MAIN STREET

KERRVILLE

TX

78028

1500 LOWES BLVD

KILLEEN

TX

76542

208 W HWY 332

LAKE JACKSON

TX

77566

405 NW LOOP 281

LONGVIEW

TX

75604

3249 50TH STREET

LUBBOCK

TX

79413

8209 SLIDE ROAD

LUBBOCK

TX

79424

3111 W CUTHBERT

MIDLAND

TX

79701

2306 S JEFFERSON AVENUE

MOUNT PLEASANT

TX

75455

4501 NORTH STREET

NACOGDOCHES

TX

75961

651 BUSINESS LOOP IH-35

NEW BRAUNFELS

TX

78130

3897 E 42ND STREET

ODESSA

TX

79762

4238 SUNSET DRIVE

SAN ANGELO

TX

76904

917 S HIGHWAY 80

SAN MARCOS

TX

78666

1380 E COURT ST

SEGUIN

TX

78155

2114 TEXOMA PARKWAY

SHERMAN

TX

75090

2900 W WASHINGTON

STEPHENVILLE

TX

76401

4015 A SOUTH BROADWAY

TYLER

TX

75701

5206 N NAVARRO

VICTORIA

TX

77901

5526 BOSQUE BLVD

WACO

TX

76710

791 NORTH HIGHWAY 77

WAXAHACHIE

TX

75165

2801 SW PARKWAY

WICHITA FALLS

TX

76308

340 E 525 N

HARRISVILLE

UT

84404

E 50400 N

LOGAN

UT

84321

601 SOUTH PIONEER WAY

MOSES LAKE

WA

98837

1425 GEORGE WASHINGTON WAY

RICHLAND

WA

99354

1704 WEST WELLESLEY

SPOKANE

WA

99205

2512 E 29TH ST

SPOKANE

WA

99223

E 15312 SPRAGUE AVENUE

VERADALE

WA

99037

315 NINTH STREET

WENATCHEE

WA

98801

2610 S DOUGLAS HWY, STE 300

GILLETTE

WY

82718

654 NORTH 3RD ST

LARAMIE

WY

82901

1451 DEWAR DRIVE

ROCK SPRINGS

WY

82901





About Hilco Merchant Resources, LLC
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer's strategic initiatives.  Hilco Merchant Resources' activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  Additionally, HMR now includes among its subsidiaries the nation's premier fixture and equipment liquidation firm, Hilco Fixture Finders (www.hilcofixturefinders.com), as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).

Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world's leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.  Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments.  For more information please visit: (www.hilcoglobal.com).

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods.  Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.  As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com).