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136th Hastings Entertainment Superstore Opens In Pittsburg, Kan.

AMARILLO, Texas, July 26, 1999--Hastings Entertainment, Inc. (NASDAQ: HAST), a leading multimedia entertainment superstore and Internet retailer, today announced the opening of its 136th superstore in Pittsburg, Kan. The new 15,000-square-foot community entertainment center is the company’s eighth Hastings Entertainment Superstore in Kansas. The store featuares:
  • Customized inventory in multiple entertainment formats, including about 20,000 book titles, 10,000 music selections, 3,000 videocassettes and video games, 400 DVD-format titles, 1,200 periodicals, 1,000 software titles, and 1,500 complementary products, including clothing, greeting cards and stationery products, for sale at discounted prices;
  • Over 10,000 videocassettes, video games and DVDs available for rent;
  • Extensive children’s product section, including free rentals on children’s videos and regular StoryTime;
  • Financial commitment to the literacy campaign in the local community;
  • Employment for about 25 to 35 employees, primarily from the Pittsburg area.

Hastings, established in 1968, has steadily and profitably built its store base to 136 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 2.9 million square feet of retail space under lease. The company is accelerating its store growth program and plans to have about 170 superstores open by the end of fiscal 2000.

"Our new superstore in Pittsburg 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, children’s play areas and in-store promotional events.

Hastings also operates www.gohastings.com, an e-commerce Internet Web site that makes available to 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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