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| Hastings Entertainment Opens New
Superstore In Normal, IL. |
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AMARILLO, Texas, April 19, 1999--Hastings
Entertainment, Inc. (NASDAQ: HAST - news), a leading multimedia entertainment superstore
retailer, today announced that it has opened its 131st superstore in Normal, Illinois. The
new store is the second of 20 planned superstores scheduled to be opened during 1999.
Highlights include:
- The first Hastings location in the state of Illinois;
- 24,750 square foot community entertainment center located at 1700
East College Ave.;
- Customized inventory in multiple entertainment formats includes about
40,000 book titles, 20,000 music selections, 6,000 videotapes and video games, 800
DVD-format titles, 2,000 periodicals, 1,500 software titles, and 1,500 complementary
products, such as clothing, greeting cards and stationery products, for sale at discounted
prices;
- Over 15,000 videotapes, video games and DVDs available for rent;
- Extensive children' product section, including free rentals on
childrens videos and regular Story Time;
- Financial commitment to the literacy campaign in the local community;
- Employment for about 45 to 50 associates, primarily from the Normal
area.
Whether browsing for that special book, sampling the latest music in
the broad genre offering, selecting a current periodical or simply searching for a rental
video for a comfortable evening at home, Hastings has it all in one location. The company
developed the entertainment superstore format in 1991 and has steadily and profitably
built its store base since then to 131 superstores located primarily in small to
medium-size markets in 19 Midwestern and Western states. With its stores averaging 21,200
square feet, Hastings has almost 2.8 million square feet of retail space under lease. The
company anticipates having about 170 stores open by the end of fiscal 2000.
"Every new store we open reflects our total commitment to
satisfying our guests' desires for personal entertainment and information to achieve total
customer satisfaction," said John H. Marmaduke, chairman and chief executive officer.
"We have designed our stores to be fun and informative gathering places for our
customers to shop. Our stores offer such amenities as free gourmet coffee, comfortable
chairs for reading, CD listening stations, video game preview stations, interactive
information kiosks, telephones for free local calls, children's play areas and in-store
promotional events."
Hastings recently anounced plans to launch www.gohastings.com, its new e-commerce Internet Web
site. Enabling customers to electronically access more than 10 million new and used
entertainment products and unique, contemporary gifts and toys, the site will also feature
exceptional product and pricing offers, including best-selling books at up to 50 percent
off list price and improved search capabilities. The enhanced Web site will be the
successor to www.hastingsentertainment.com, one of the largest fully integrated multimedia
entertainment e-commerce Internet Web sites. The site offers a broad selection of
entertainment products to the electronic global marketplace at prices equal to or less
than other electronic retailers. General financial information about Hastings is available
via the Internet at this site. |
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