Hastings Files For Bankruptcy

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HastingsLogoHastings Entertainment Inc. is based in Texas. This company has filed for Chapter 11 bankruptcy protection.

This company is the retailer of movies, music, video games, books and pop culture items. They claim the reorganization filing. The reorganization will include its parent company – Draw Another Circle and Movie Stop and SPImages.

There was posted a statement posted on the Hastings website. It claims the Chapter 11 process will help be ready for the business for a supposed sale, while ensuring protections and financing to continue working. Further financial details weren’t published.

Hastings operates more than 120 superstores in the U.S., additionally concept stores in Colorado and New Mexico. The Colorado store, Tradesmart, can be still found at 8500 W. Crestline Ave. in unincorporated Jefferson County.

Category: General

Tags: bankruptcy