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Hastings Entertainment plans on closing all its locations

July 23,2016 00:13

U.S. retail chain Hastings Entertainment announced this week it plans to close all of locations after Chapter 11 bankruptcy proceedings. The chain sold books, music, video games, movies and other media items and did brisk business in small towns across ...



Photo: Gohastings.com

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U.S. retail chain Hastings Entertainment announced this week it plans to close all of its locations after Chapter 11 bankruptcy proceedings. 

U.S. retail chain Hastings Entertainment announced this week it plans to close all of its locations after Chapter 11 bankruptcy proceedings. 

Photo: Gohastings.com

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Companies that died or are on life-supportThe year was not kind to many companies, including many hopeful startups. See which businesses departed for the great administration in the sky and the others that are barely holding on. less
Companies that died or are on life-supportThe year was not kind to many companies, including many hopeful startups. See which businesses departed for the great administration in the sky and the others that are ... more

Photo: Richard Drew, STF

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American ApparelThe L.A.-based retailer filed for Chapter 11 bankruptcy protection nearly a year after the ousting of founder and CEO Dov Charney. In its latest quarter, the youth driven clothing company reported a loss of $19.4 million. It has yet to make a profit since 2009. less
American ApparelThe L.A.-based retailer filed for Chapter 11 bankruptcy protection nearly a year after the ousting of founder and CEO Dov Charney. In its latest quarter, the youth driven clothing company ... more

Photo: Spencer Platt / Spencer Platt / Getty Images

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Woolworths

Once a strong retailer in the U.S. this chain died in the 1990s but retains strong sales in Mexico. At the moment, Shop Direct still maintains control of the branding.
WoolworthsOnce a strong retailer in the U.S. this chain died in the 1990s but retains strong sales in Mexico. At the moment, Shop Direct still maintains control of the branding.

Photo: GIANLUIGI GUERCIA, AFP/Getty Images

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Radio ShackIn early 2015, the electronics retailer filed for Ch. 11 bankruptcy protection. Sprint recently made a deal with struggling consumer electronics retailer Radio Shack to co-brand the latter's stores.
Radio ShackIn early 2015, the electronics retailer filed for Ch. 11 bankruptcy protection. Sprint recently made a deal with struggling consumer electronics retailer Radio Shack to co-brand the latter's stores.

Photo: Sarah Rice, Special To The Chronicle

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Blinkbox Music and Blinkbox BooksPreviously owned by Tesco, the company closed down the e-books division in early 2015 after failing to find a buyer. In contrast, Blinkbox Music did find a buyer in Guvera but it too went under administration in June 2015. less
Blinkbox Music and Blinkbox BooksPreviously owned by Tesco, the company closed down the e-books division in early 2015 after failing to find a buyer. In contrast, Blinkbox Music did find a buyer in Guvera but ... more

Photo: Jason Alden, Bloomberg

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Sears

Once the biggest store chain in the U.S., it's been crumbling under its current CEO Edward Lampert. The Chicago Business Journal reports the company is making some changes in relation to its customer service and membership offerings. less
SearsOnce the biggest store chain in the U.S., it's been crumbling under its current CEO Edward Lampert. The Chicago Business Journal reports the company is making some changes in relation to its customer ... more

Photo: Scott Olson, Getty Images

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Malaysia AirlinesThe year has not been kind to the airline, with one of its planes mysteriously disappearing over the Indian Ocean and another shot down over Ukrainian airspace by Russian-backed rebels. The Fiscal Times reports a state-run investment fund is the only thing propping up their fleet. less
Malaysia AirlinesThe year has not been kind to the airline, with one of its planes mysteriously disappearing over the Indian Ocean and another shot down over Ukrainian airspace by Russian-backed rebels. The ... more

Photo: Bill Montgomery

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HomejoyAdora and Aaron Cheung, founders of the cleaning service, got startup funding from PayPal co-founder Max Levchin. Unfortunately, the service shuttered in late July after failing to raise funding, re/code reports. less
HomejoyAdora and Aaron Cheung, founders of the cleaning service, got startup funding from PayPal co-founder Max Levchin. Unfortunately, the service shuttered in late July after failing to raise funding, re/code ... more

Photo: HOEP

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ZirtualThe startup was essentially a virtual temp agency. While promising for frugal corporate customers, failure to acquire funding ended up shuttering the venture.
ZirtualThe startup was essentially a virtual temp agency. While promising for frugal corporate customers, failure to acquire funding ended up shuttering the venture.

Photo: Zirtual | Official Website

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GroovesharkThe music-streaming service launched in 2006, but met an untimely end at the hands of major record labels who were concerned about copyright violations. As part of a settlement, the company eradicated itself from existence. less
GroovesharkThe music-streaming service launched in 2006, but met an untimely end at the hands of major record labels who were concerned about copyright violations. As part of a settlement, the company ... more

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