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| Hastings Plans Multimedia
Entertainment Superstore In McAllen, Texas |
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| AMARILLO, Texas, June 22, 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
22,000-square-foot superstore in McAllen, Texas. Scheduled to open in late July, 1999, the
new superstore will be the 43rd in Texas. Located in the Upton Plaza at 4500 N. Tenth St.,
Suite 300, the new superstore will employ about 45 to 50 employees, primarily from the
McAllen 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, childrens
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 childrens product section, including free rentals on
childrens videos and regular StoryTime;
- Financial commitment to the literacy campaign in the local community.
Founded in 1968, Hastings has steadily and profitably built its
store base to 132 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 www.gohastings.com
e-commerce Internet Web site makes available to its 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 review general and financial
information about Hastings at this Web site. |
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