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 50 400 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).
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SOURCE Gordon Brothers Group
