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Hastings Will Close All Stores, According to Company

Hastings Will Close All Stores, According to Company

(Gillette, Wyo.) After announcing they were filing for bankruptcy in June , a corporate spokeswoman said Thursday that all Hastings stores and corporate offices will discontinue operations, including in Gillette. This is according to Q2 News in Billings, who is also losing their Hastings store. Spokeswoman Peyton Burgess said the exact closure date has yet to be determined. Hastings operates 126 stores, three in Wyoming -- in Laramie, Rock Springs, and here in Gillette. The company has fallen on hard times following declining sales and a shrinking market for physical media. The company filed for Chapter 11 protection last month, citing its goal of "expediting our search for a buyer that would help us complete our re-merchandising strategy and position our business for long term success." The company was officially sold Wednesday, according to the press release, and the winning buyer was a "joint venture that will instead oversee a liquidation of our stores," between Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC. The bankruptcy court is expected to approve the agreement tomorrow, on July 22. "We thank our customers and employees for their loyalty over the years, and we hope to see our customers at store closing sales," stated the press release. It’s unclear how many employees at the Gillette store will lose employment. #county17 #news