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| Hastings Entertainment Opens 135th
Superstore In Galveston, Texas |
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AMARILLO, Texas, July 19, 1999--Hastings Entertainment,
Inc. (NASDAQ: HAST), a leading multimedia entertainment superstore and Internet retailer,
today announced that it has opened its 135th superstore in Galveston, Texas. The new
25,000-square-foot community entertainment center is the 41st Hastings superstore in
Texas. The store featuares:
- Customized inventory in multiple entertainment formats, including
about 40,000 book titles, 20,000 music selections, 6,000 videocassettes and video games,
800 DVD-format titles, 2,000 periodicals, 1,500 software titles, and 1,500 complementary
products, including clothing, greeting cards and stationery products, for sale at
discounted prices;
- Over 15,000 videocassettes, 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;
- Employment for about 45 to 50 associates, primarily from the
Galveston area.
Established in 1968, Hastings has steadily and profitably built its
store base to 135 superstores that are located primarily in small to medium-sized markets
in 20 states across America. Hastings stores average 21,200 square feet, for a total of
almost 2.8 million square feet of retail space under lease. The company is accelerating
its store growth program and plans to have in excess of 170 superstores open by the end of
fiscal 2000.
"Our new superstore in Galveston offers our customers a wide
range of entertainment products in a single location and reflects our total commitment to
satisfying our guests desires for personal entertainment and information," said
John H. Marmaduke, chairman and chief executive officer. "Our customers will be able
to browse for a special book, sample the latest music in the broad genre offering, select
a current periodical or simply search for a rental video for a comfortable evening at
home, and do it all at this one new superstore location."
Hastings stores 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.
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%
off list price. In addition, investors and customers can review general and financial
information about Hastings at this Web site. |
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