After a delay caused by lawsuits questioning the adequacy of the purchase price, the shareholders of Hastings Entertainment have approved the sale of the retailer to companies owned by Joel Weinshanker. Continue reading >> [ Source: Publishers Weekly | 2014-07-15 00:00:00 UTC ]
Hastings Entertainment’s merger with a company affiliated with one of its largest shareholders has hit a snag as a judge has issued a temporary restraining order. Continue reading >> [ Source: Publishers Weekly | 2014-06-02 00:00:00 UTC ]
Competition from digital editions has put pressure on more than one bricks-and-mortar retailer, and that trend is largely behind the decision by Hastings Entertainment to find a merger partner, according to documents filed by the company in connection with its pending acquisition by Joel... Continue reading >> [ Source: Publishers Weekly | 2014-05-09 00:00:00 UTC ]
Comparable store sales of books fell 10.7% at Hastings Entertainment in the year ended January 31, 2014, compared to 2012. Sales also fell 8.2% in the fourth quarter. Continue reading >> [ Source: Publishers Weekly | 2014-03-24 00:00:00 UTC ]
Hastings Entertainment has agreed to merge with one of its biggest vendors and shareholders. Continue reading >> [ Source: Publishers Weekly | 2014-03-17 00:00:00 UTC ]
One of the industry's biggest issues in 2011 is the loss of retail shelf space for print titles. The trend of book retailers devoting less spaceand generating lower salesfrom new books is seen in the recently released 10-k filings from Books-A-Million and Hastings Entertainment. Continue reading >> [ Source: Publishers Weekly | 2011-04-25 00:00:00 UTC ]