|
|
| |
| Hastings Plans Multimedia
Entertainment Superstore In Galveston, Texas |
 |
|
| AMARILLO, Texas, June 8, 1999--Hastings
Entertainment, Inc. (NASDAQ: HAST - news), a leading multimedia entertainment superstore
and Internet retailer, today announced it has signed the lease for a new
25,000-square-foot superstore in Galveston, Texas. Scheduled to open in mid-1999 at 2711
61st. in the Galveston Place Shopping Center, the new superstore will be 40th in Texas. It
will employ about 45 to 50 associates, primarily from the Galveston area. Hastings superstores are designed to be fun and informative gathering places
for customers to shop, offering 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. They typically include the following features:
- Customized inventory in multiple entertainment formats, including
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's product section, including free rentals on
children's videos and regular Story Time;
- Financial commitment to the literacy campaign in the local community.
Hastings developed the entertainment superstore format in 1991 and
has steadily and profitably built its store base to 131 superstores located primarily in
small to medium-sized markets in 19 Midwestern and Western states. With its stores
averaging 21,200 square feet, Hastings has approximately 2.8 million square feet of retail
space under lease. The company plans to have about 170 stores open by the end of fiscal
2000.
"We are totally committed to satisfying our customers' desires
for personal entertainment and information, and that concern is reflected in every store
that we open," said John H. Marmaduke, chairman and chief executive officer.
"Whether our guests are browsing for a special book, sampling the latest music in the
broad genre offering, selecting a current periodical, or simply searching for a rental
video or DVD for a comfortable evening at home, we have it all in one location."
Hastings also operates www.gohastings.com,
an e-commerce Internet Web site that makes available to our customers more than 10 million
new and used entertainment products and unique, contemporary gifts and toys. The site
features exceptional product and pricing offers, including best-selling books at up to 50
percent off list price. In addition, investors and customers can re view general financial
information about Hastings at this Web site. |
|
|
|
|
|