Hastings Entertainment

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Hastings Entertainment
Type Public
Traded as NASDAQHAST
Industry Entertainment retail
Founded Amarillo, Texas (1968)
Headquarters Amarillo, Texas, USA
Key people Sam Marmaduke (founder)
John Marmaduke (CEO and President)
Products Books, magazines, CDs, DVDs, software, video games, boutique, accessories, coffee
Revenue Increase$531,346,000 USD (2009)[1]
Net income Increase$6,933,000 USD (2009)[1]
Website http://www.gohastings.com/

Hastings Entertainment is a regional retail chain that sells books, music, movies, and video games. It also rents movies and video games and buys used books, music, movies and video games for resale.

The CEO and President of Hastings Entertainment is John Marmaduke, son of founder Sam Marmaduke.[2]

History [edit]

The company was founded in 1968 as a retailing division of Western Merchandisers, Inc., a books and music wholesaler. There are currently 149 stores in 21 states,[1] predominantly based in smaller communities. Hastings Entertainment is headquartered in Amarillo, Texas.

Hastings's sister company, Western Merchandisers, became a subsidiary of Wal-Mart Stores Inc. in 1990. In 1994, Wal-Mart sold Western Merchandisers to Anderson Media Corporation and now operates as Anderson Merchandisers.[3]

In 2010, Hastings opened up a sports equipment retailer called Sun Adventure Sport in Amarillo.[2]

References [edit]

  1. ^ a b c Fiscal Year 2009 Annual Report. Retrieved 18 May 2007.
  2. ^ a b Hastings - About Us
  3. ^ Bowser, David. "Local companies have broad reach". Amarillo Globe-News. 27 February 2005. Retrieved 18 May 2007.

External links [edit]