If you're a fan of Hastings Entertainment stores, it might be a good idea to stop by soon to get sales on the last of their merchandise. According to the Amarillo Globe-News, the company has declared bankruptcy and will be closing its 120-plus stores by Oct. 31.
Founded in 1968 in Amarillo, Texas, Hastings has targeted small- to mid-size markets that lack many options for books, movies, TV shows, music, video games, and other entertainment items. With Blockbuster and other movie rental stores becoming scarce, Hastings filled a shrinking niche market as Netflix, Redbox, and other newer options increased in availability and merchandise.
Hastings customer Alex Hernandez commented, “It’s a very niche store. Now that it’s not around, it’s going to be hard to find other options.”
Another Hastings customer, Taylor Martin, is a fan of the store but saw a reason for its demise, saying, “We don’t buy a lot here but it’s nice to browse. You can do it on the internet, but it’s not the same. A lot of people know there’s better deals on the internet, so they buy on Amazon instead of in the store. And I do that, too. I see a book that’s $14 and I know I can get it used on Amazon for like a penny.”