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Hastings To Close Its 126 Stores, Sell Everything At Knockdown Prices And Fire All Staff

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YoungTerrorists_01_Proof-HastingsHastings, the entertainment store that became a major part of the comic book direct market, is to close all its 126 stores by October 31st.

After entering Chapter 11 Bankruptcy protection earlier in the year, they sought a buyer to keep the stores in operation without success.

Two financial companies bought Hastings Entertainment in a joint venture and will run a going out of business sale. Employees will only be given seven days notice.

The company has debts of millions, including to comic book distributor Diamond.

 

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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
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