We have a brand new updated website! Click here to check it out!

Hastings files for bankruptcy, gift cards to expire next month

Courtesy image
Courtesy image

The Hastings bookstore chain, with 6 locations in Kansas, has filed for bankruptcy. The store issued a notice to customers on the company’s website this week.

“We believe we are on the right path, but we need additional financial support to fully execute our plan for the future. That is why we have initiated a comprehensive process to evaluate potential buyers for our business and, as part of that sale process, have filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code along with our corporate parent (Draw Another Circle) and sister brands (Movie Stop and SPImages). The Chapter 11 process will help to prepare our business for the intended sale while also providing additional protections and financing to allow us to serve you as usual.”

Hastings stores and e-commerce business remain open

At this time, Hastings will be changing a few other programs, as outlined below:

* Hastings will no longer accept nor honor customer deposits for future movie purchases. Instead, existing deposits may be applied towards additional purchases in the store.

* Game rentals will no longer be available.

* Gift cards will expire on July 13, 30 days from today’s announcement.

* Hastings’ buyback program has been suspended.

 

Copyright Eagle Radio | FCC Public Files | EEO Public File