Hastings Entertainment, Inc. was incorporated in 1972. The Company is a multimedia entertainment retailer. It operates entertainment stores that buy, sell, trade and rent various home entertainment products, including books, music, software, periodicals, movies on DVD and Blu-Ray, video games, video game consoles and electronics. It operates more than 138 stores in small- to medium-sized markets located in approximately 19 states, mainly in the Western and Midwestern United States. It also operates three concept stores, Sun Adventure Sports, located in Amarillo, Texas and Lubbock, Texas and TRADESMART, located in Littleton, Colorado. Sun Adventure Sports sells a range of bicycles and related accessories, skateboards, and various other athletic equipment, apparel, and shoes, and offers bicycle repair services and cycling classes. TRADESMART, born from the culture of recycling, features over 400,000 predominantly used and new books, CDs, DVDs, Blu-rays, video games and video game systems, as well as consumer electronics, trends, skateboards and paintball merchandise, and much more available for purchase. TRADESMART also buys back for cash or store credit entertainment products that customers have previously enjoyed. It also operates a multimedia entertainment e-commerce web site offering a broad selection of books, software, video games, movies on DVD and Blu-Ray, music, trends, and electronics. It fills orders for new and used product placed at the website and also through Amazon Marketplace using its proprietary goShip program, which allows it to ship directly from stores. It has one wholly-owned subsidiary, Hastings Internet, Inc. The Company competes, within its trading areas, with all mass and specialty music, book, video, and video game retailers. Additionally, it also competes with video and video game rental stores and both Internet retail and rental businesses operating in its core product categories.
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