Hastings Entertainment
Encyclopedia
Hastings Entertainment is a regional retail chain
that sells book
s, music
, movies
, and video games. It also rents
movies and video games and buys used books, music, movies and video games for resale.
The current CEO and President of Hastings Entertainment is John Marmaduke, son of founder Sam Marmaduke.
r. There are currently 149 stores in 21 states
, predominantly based in smaller communities. Hastings Entertainment is headquartered in Amarillo, Texas
.
Hastings's sister company, Western Merchandisers, became a subsidiary of Wal-Mart Stores Inc.
in 1990. In 1994, Wal-Mart sold Western Merchandisers to Anderson Media Corporation and now operates as Anderson Merchandisers.
In 2010, Hastings opened up a sports equipment retailer called Sun Adventure Sport in Amarillo.
Chain store
Chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices. These characteristics also apply to chain restaurants and some service-oriented chain businesses. In retail, dining and many service categories, chain businesses...
that sells book
Book
A book is a set or collection of written, printed, illustrated, or blank sheets, made of hot lava, paper, parchment, or other materials, usually fastened together to hinge at one side. A single sheet within a book is called a leaf or leaflet, and each side of a leaf is called a page...
s, music
Album
An album is a collection of recordings, released as a single package on gramophone record, cassette, compact disc, or via digital distribution. The word derives from the Latin word for list .Vinyl LP records have two sides, each comprising one half of the album...
, movies
Film
A film, also called a movie or motion picture, is a series of still or moving images. It is produced by recording photographic images with cameras, or by creating images using animation techniques or visual effects...
, and video games. It also rents
Renting
Renting is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from landowners...
movies and video games and buys used books, music, movies and video games for resale.
The current CEO and President of Hastings Entertainment is John Marmaduke, son of founder Sam Marmaduke.
History
The company was founded in 1968 as a retailing division of Western Merchandisers, Inc., a books and music wholesaleWholesale
Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services...
r. There are currently 149 stores in 21 states
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...
, predominantly based in smaller communities. Hastings Entertainment is headquartered in Amarillo, Texas
Amarillo, Texas
Amarillo is the 14th-largest city, by population, in the state of Texas, the largest in the Texas Panhandle, and the seat of Potter County. A portion of the city extends into Randall County. The population was 190,695 at the 2010 census...
.
Hastings's sister company, Western Merchandisers, became a subsidiary of Wal-Mart Stores Inc.
Wal-Mart
Wal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
in 1990. In 1994, Wal-Mart sold Western Merchandisers to Anderson Media Corporation and now operates as Anderson Merchandisers.
In 2010, Hastings opened up a sports equipment retailer called Sun Adventure Sport in Amarillo.