The Last Days of the Hastings / GoHastings Universe - Check the latest posts!

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BEFORE YOU ASK A QUESTION IN THIS THREAD, READ THE FAQ BELOW!

GoHastings.Com Promotional Deals and Codes

AMARILLO, Texas - Texas-based Hastings Entertainment Inc. has filed for Chapter 11 bankruptcy protection. Company officials say the reorganization filing includes its parent company, Draw Another Circle, and sister brands Movie Stop and SPImages.

A statement posted Monday on the Hastings website says the Chapter 11 process will help prepare the business for an intended sale, while providing protections and financing to continue operations. Further financial details weren’t released.

Hastings will no longer accept or honor deposits for movie purchases and will no longer rent games. Hastings gift cards expire July 13, 2016. The company’s buyback program has been suspended.
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Full List Of Online Coupon Codes

In-Store Sales / Discounts / Liquidation will vary from Online Sale / Coupon offerings

Check latest posts in thread for more specific updates

Frequently Asked Questions (FAQ)
Please read me before posting a question!

Click the "Show Spoiler" button below to see the FAQ
General
Question: What is Hastings / GoHastings.Com?
Answer:
Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of new and used books, videos, video games and CDs, and trends and consumer electronics merchandise, with the rental of videos and video games in a superstore format. Currently there are 146 superstores. Hastings also operates www.goHastings.com, an e-commerce Internet Web site that makes available to customers new and used entertainment products and unique, contemporary gifts and toys.

Question: Gee, this is a really long FAQ. Doesn't Hasting have their own FAQ for customers?
Answer:
Hastings does have their own FAQ. You can read Hastings' official FAQ by clicking here. However, this FAQ goes into many details that Hastings' own FAQ does not. So be sure to read through all of this before asking a question!

NEW!
Question: How can I filter and sort Used Video Games to remove the out of stock items?
Answer:
Find the "Stock" dropdown menu option when browsing the used game selection and choose "In Stock." Games that have been purchased in the past day and are now out of stock may still appear.

NEW!
Question: Where can I find clearance video games and other clearance items?
Answer:
Clearance Video Games are in New condition; Plus $2.28 shipping per game
Click Here For Overall Video Game Clearance Items > Sort by Platform on the drop down menu
Click Here For Overall Clearance Items

Game / Item Condition
Question: What is the difference between "used" and "previously viewed" items on GoHastings.Com?
Answer:
"Used" games and movies are items that have been traded in to a Hastings retail location by a customer. "Previously viewed" games and movies are items that Hastings has rented out to customers at their retail locations but are now selling to the public.

When it comes to video games, most CAGs report no real difference between the two other than some ancillary stickers, but both "used" and "previously viewed" games are subject to being scratched, abused, or incomplete depending how well it was previously taken care of.

When it comes to movies, the "Previously Viewed" rental versions often lack features from the full retail versions and may come in different boxes, have different UPCs, have white barcode stickers around the center ring of the disc, etc.

You may encounter a situation where a customer has purchased a "previously used" item from Hastings, then traded it back into Hastings, thus making it a "used" item. This practiced is frowned upon by most customers, but Hastings has shown next to no incentive to change it. It mostly happens with movies.

Question: Do used and previously viewed video games come complete with the original case and manual?
Answer:
GoHastings.Com states as follows:

Due to the nature of used products; booklet inserts, digital movie downloads and manuals are not guaranteed in our used video games, movies and CDs.
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However, the vast majority of CAGs have reported that a large majority of their games do arrive complete. Incomplete games are more of an exception rather than the rule.

Question: Are used collector's editions and limited editions of games guaranteed to come with extras like bonus discs, statutes, and other items?
Answer:
No. Hopefully the used CE and LE games would at least come with all of the discs, but this is not guaranteed. And there is absolutely no guarantee other physical items or "swag" will be included for these used copies. However, CAGs have reported that they have purchased used CE and LE games and received all of the extras. If you order a used CE or LE and it does not come with the extras, just contact customer service and ask about a return/refund.

Question: What condition do "used" and "previously viewed" discs come in?
Answer:
Mosts CAGs seem to get games in good, playable condition if not better. However, there have been cases of receiving a game so scratched up that it would not load/play. These games can be returned to GoHastings.Com at no cost to the customer for a full refund.

NEW!
Question: Are New condition games factory sealed or gutted and re-sealed?
Answer:
As of mid-2013, Hastings retail stores have adopted a policy of gutting games then storing the game discs, manuals and DLC papers separately. This is so they do not have to lock up games or put security cases on games yet still allow the customer to physically handle the boxes in-store. When a new game is sold, Hasting will either re-seal the game or they will place the game in a bag that cannot be opened if you want to return the game as new.

Shipping
Question: Why are my items shipping individually? Why does GoHastings.Com include a shipping charge for each individual item ordered?
Answer:
Hastings does not have warehouses for fulfilling internet orders. All items are shipped from individual brick and mortar retail stores. If your order contains multiple items, your order may ship from multiple locations at different times if one location does not have all of the items you ordered. Because items could ship from more than one location, GoHastings.Com charges a per item shipping fee. Yes this can be frustrating, so its best to either get over it if you intend to shop at GoHastings.Com, or if you can't get over it, shop elsewhere. Like all "deals," include the shipping price per item into consideration for the total cost of the game being purchased.

UPDATED!
Question: How much is shipping per item?
Answer:
Video Games and PC software ship for $2.28 per item.

CDs, DVDs and Blu-rays ship for $1.29 per item.

Books have a per-order charge of $3.00 plus $0.99 shipping per book ordered.

Game Hardware, Electronics and Trends have a per-order charge of $1.99 plus $0.10 shipping per ounce for each item ordered.

Full shipping information, including expedited shipping prices, can be found HERE.

Occasionally, GoHastings.Com offers free or reduced shipping promotions.

Please note, books used to ship for $0.96 per order with no per item charge but Hastings discontinued that pricing scheme as of January 10, 2014. CDs, DVDs and Blu-rays used to ship for $0.96 per item, but Hastings raised that price to the current cost as of approximately May 25, 2014.

Question: How long does it take GoHastings.Com to ship my order?
Answer:
Standard Shipping:
Order processed within 48 Hours
Shipping time is 3-10 Days

Priority / Expedited Mail:
Order processed within 48 Hours
Shipping time is 2 - 3 Days

Question: What service does GoHastings.Com use to ship items?
Answer:
GoHastings.Com primarily ships items using the United States Postal Service (USPS). Video games ship via USPS First Class Mail. Books, movies and music ship via USPS Media Mail. Larger orders may ship via UPS.

Question: Will GoHastings.Com give me a tracking number for each shipment?
Answer:
Every shipment usually has a tracking number associated with it. If you did not see a tracking number in the shipping confirmation email, check your order history on GoHastings.Com.

Question: What will GoHastings.Com ship my items in?
Answer:
It will vary. Hastings might use a yellow paper mailer with bubble padding on the inside. They might use a white plastic envelope with bubble padding on the inside. They might use a stiffer paper/lighter cardboard envelope with no padding. Hastings will try to jam as many items into any of the above envelope options as possible, resulting in frequently damaged books, broken game/movie/CD cases, etc. On rare occasions, someone at Hastings will have the common sense to put larger or heavier items into a box for safer shipping, but even then they will neglect to use padding. Hastings used to ship items in a white plastic poly-bag with absolutely no padding or protection, but after numerous complaints, the company claims these are supposed to be phased out and no longer in use. They still pop up from time to time.

Order Cancellations / Out Of Stock Items
Question: Why was an item cancelled out of my order? Why is that item back in stock right now?
Answer:
GoHastings.Com fills their stock from their Hastings brick and mortar retail locations. Additionally, GoHastings.Com sells items on Amazon and eBay. Their online inventory system is antiquated and does not update stock instantaneously across physical store locations, GoHastings.Com, Amazon, and eBay. Therefore if someone bought the same item first in store/on Amazon/on eBay, their order will be fulfilled first and your item will be cancelled if there is not enough inventory to go around, even though you thought the item was in stock. Yes this sucks, but now you know about it so you can simply choose not to shop at GoHastings in the future if you can't deal with it. No need to endlessly complain about it in posts. Consider writing a letter to the president of Hastings, whose contact info can be found below this FAQ.

Because Hastings' physical store locations accept trade-ins for the used items that they sell, an item that was out of stock may quickly come back into stock if someone trades in the same item, or if someone returns the same item. However, as stated above, GoHastings.Com has an antiquated online system, and they will not be able to fulfill any items on your order once they have been canceled. You will have to re-order the item, at which time the promotion you initially ordered under may have expired. You can try to contact customer service to see if they will create a new order for you with the price point your originally ordered under.

Question: I just ordered something and now it shows as out of stock, either on my order history page or on the item's page. Will my order be canceled?
Answer:
Probably not, but it is still possible. GoHastings.Com updates its inventory count immediately when sales from the website are made. Therefore if they had one item, and you ordered it, it will now show up as out of stock on GoHastings.Com. However, if someone ordered it off Hastings' eBay or Amazon Marketplace listings first, they may fulfill that order first and cancel your order. Also, if someone walks into the store and purchases the item before it is pulled to ship to you, your order will be canceled. Additionally, store employees may not be able to locate the item and thus cancel your order for that reason. Hastings also has a problem on their website where items in your order history show as out of stock, sometimes regardless of the actual stock. Your best bet is to take a deep breath and not worry about it.

Sale Pricing
NEW!
Question: How can I tell if one promotion or discount is better than a different commonly offered promotion or discount?
Answer:
The following guides are only for video games since they take into consideration the $2.28 per game shipping price. You will have to do your own math for music/movies, books, trends/electronics and other shipping sales.

Remember, stock and prices fluctuate constantly and may not be the same by the next sale.

The math in the Buy 2 Get 1 For $1 deal assumes you choose three equally priced games to maximize your potential savings.

Free Shipping:
Vs. 96¢ Per Item Shipping: Use free shipping, obviously
Vs. 20% Off: Use free shipping with items $11.40 and less
Vs. 25% Off: Use free shipping with items $9.12 and less
Vs. Buy 2 Used Games, Get 1 For $1: Use free shipping with items $7.84 and less
Vs. 30% Off: Use free shipping with items $7.60 and less
Vs. 33% Off: Use free shipping with items $6.91 and less
Vs. 40% Off: Use free shipping with items $5.70 and less

96 Cent Shipping:
Vs. Free Shipping: Wait for Free Shipping, obviously
Vs. 20% Off: Use 96¢ shipping with items $6.60 and less
Vs. 25% Off: Use 96¢ shipping with items $5.28 and less
Vs. Buy 2 Used Games, Get 1 For $1: Use 96¢ shipping with items $4.96 and less
Vs. 30% Off: Use 96¢ shipping with items $4.40 and less
Vs. 33% Off: Use 96¢ shipping with items $4.00 and less
Vs. 40% Off: Use 96¢ shipping with items $3.30 and less

20% Off:
Vs. Free Shipping: For items over $11.40, use 20% Off
Vs. 96 Cent Shipping: For items over $6.60, use 20% Off
Vs. Buy 2 Used Games, Get 1 For $1: For items under $2.50, use 20% Off

25% Off:
Vs. Free Shipping: For items over $9.12, use 25% Off
Vs. 96 Cent Shipping: For items over $5.28, use 20% Off
Vs. Buy 2 Used Games, Get 1 For $1: For items under $4.00, use 25% Off

30% Off:
Vs. Free Shipping: For items over $7.60, use 30% Off
Vs. 96 Cent Shipping: For items over $4.40, use 30% Off
Vs. Buy 2 Used Games, Get 1 For $1: For items under $10, use 30% Off

Buy 2 Get 1 For $1:
Vs. Free Shipping: Use free shipping with items $7.84 and less
Vs. $0.96 Shipping: Use 96¢ shipping with items $4.96 and less

33% Off:
Vs. Free Shipping: For items over $6.91, use 33% Off
Vs. 96 Cent Shipping: For items over $4.00, use 33% Off

40% Off:
Vs. Free Shipping: For items over $5.70, use 40% Off
Vs. 96 Cent Shipping: For items over $3.30, use 40% Off

Question: GoHastings.Com totally raised their prices prior to the sale! OMGWTFBBQSauce! Should I call the police / attorney general / president of the United States?
Answer:
GoHastings.Com claims to not raise their prices prior to sales. Their pricing is based on algorithms that consider things like supply, demand, competitor pricing, market rates, etc. If a game was $10 before the sale and $15 24 hours into the sale, chances are there were only a couple of copies of the game and someone bought one when the sale started, thus affecting the supply and demand. You are not the only one monitoring a Wish List on GoHastings.Com. However, there have been some clearly documented instances of raising prices right before a sale, especially with books rather than games.

Promotional Deal Codes
Question: Why is the promotional code not applying to my order?
Answer:
Certain M-rated games carry the disclaimer that "This item is only available for purchase by customers age 17 and older." If you have such a game in your cart, be sure to check the box by the "Check Out" button that says "I am at least 17 years of age" before clicking the "Apply Promotion Code" button to apply the promotional code.

Additionally, some promotional codes only apply to select qualifying titles. Be sure that your order only contains such titles. Occasionally the GoHastings.Com programmers miss something and games that are supposed to qualify do not work with the promotional code. If this is the case, please contact GoHastings.Com. Contact information can be found below this FAQ.

Question: Can I use more than one promotional code at the same time? Can I stack promotional codes?
Answer:
No, you can only apply one promotional code per order. This prevents code stacking. If there are two promotional codes valid at the same time that you would like to use, you must place two or more separate orders.

Question: What time do promotions normally begin / end?
Answer:
GoHastings.Com operates based on the Central Time Zone. Weekly promotions usually start on Sunday and usually last the whole week. Various other promotions may have different start times and durations. Promotions usually begin at midnight Central time. However, sometimes the new promotions take a while to go "live" on the website, so always double check your order that the correct discounted price is shown.

Order Problems and Contacting Customer Service
(Including Returns/Replacements for Wrong Item or Damaged/Defective Item)
Question: I am trying to place an order and have entered my correct shipping address, billing address and credit card info. The check out page says there is a problem with my information and I need to correct it, but nothing is incorrect. What is going on?!
Answer:
This is a random error that seems to affect some people and not others. There is no known cause for it. People have reported it occurring with different credit card companies (Visa, Mastercard, Discover, etc.). Some people think it has to do with what web browser you use, so perhaps try a different one. Some people have reported they can't place orders from computers or IP numbers located out of the state where their billing or shipping address is located. The bottom line is there is no fix for this problem from the customer's end. Your only attempt to get it resolved will be to CALL Customer Service. Contact details for Customer Service can be found below this FAQ.

Question: GoHastings.Com sent me a defective game or the wrong game. How do I return it? Can they send me a replacement/correct item?
Answer:
Contact customer service to initiate the return process. Customer service contact information is located in this post, below the FAQ. GoHastings.Com will not charge you to ship the game back, and they will give you a full refund, including what you paid initially for shipping. In some instances, they will simply refund the cost of the item and let you keep the defective or wrong item for free. GoHastings.Com will not normally send you a replacement item if you received a defective or incorrect item. They will usually tell you that you must place a new order, at which time the promotion you initially ordered under may have expired. You can try to contact customer service to see if they will create a new order for you with the price point you originally ordered under.

Question: Something went wrong with my order. How do I contact customer service?
Answer:
Customer service contact information is located in this post, below the FAQ.

Question: Should I call or email customer service?
Answer:
CAGs have reported mixed experiences with both calling and emailing Hastings Customer Service. It is up to your preference. If you are contacting them regarding credit card issues, it may be best to call rather than put highly sensitive information in an email. If you call during business hours, your issue may be resolved right then over the phone. You might also have to wait on hold for a long period of time during peak hours. If you email, you may have to wait up to 48 hours to get a response, especially if you email over the weekend. Often the email replies fail to understand your entire issue with your order. Customer Service contact information is located in this post, below the FAQ.

Question: What is GoHastings.Com return policy?
Answer:
The GoHastings.Com website states their return policy is as follows:

All items purchased through gohastings.com may be returned for a full refund of the purchase price, if they meet the following criteria:

  • All new items are in original unopened packaging.
  • Return of product is within 30 days of shipping date.
  • Returned product(s) must be in the original packaging and include any manuals, cabling and accessories in saleable condition.
  • Video Game Systems that are found defective within the 30 day window must make a return using the manufacturer's warranty.
Shipping and handling charges are not refundable.
Note: Products purchased through goHastings.com may not be returned to a physical store location for refund.
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However, this can be confusing considering used items, such as games, come in opened packaging. Normally GoHastings has no problem with returns for defective or incorrect used game shipments that are promptly requested. At the very least, if a game item was found to be defective within 30 days of the shipping date, you would have a good argument toward customer service that you should be able to return the game item. Abusing the return policy to replace your own broken items with items from GoHastings inventory wouldn't be a good idea.

Miscellaneous
Question: Does GoHastings.Com collect sales tax?
Answer:
According to GoHastings.Com:

Currently goHastings.com only charges sales tax in states where we have a physical presence. Sales taxes are calculated during the ordering process and will show tax charged for the delivery destination, based on current tax rates. Shipping charges may also be subject to tax in certain states.
Currently sales tax is automatically applied in the following states:

  • Alabama
  • Arkansas
  • Arizona
  • Colorado
  • Florida
  • Georgia
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Mexico
  • Oklahoma
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wyoming
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Question: Where are Hastings brick and mortar retail stores located?
Answer:
Click here to find the location nearest you.

Question: Are the online prices the same in store? Are the online specials valid in store?
Answer:
Generally speaking, no. For used items and for some new items, GoHastings.Com uses algorithms where prices can change multiple times in one day. Hastings retail locations have their own set prices. See your local store for more information. Additionally, online special sales and promotions are not valid in store. Sometimes Hastings runs the same pricing online and in store for certain items.

Question: Are the brick and mortar retail location advertisements valid online?
Answer:
Generally the prices in the retail location advertisements are not valid on GoHastings.Com. Sometimes Hastings runs the same pricing online and in store for certain items.



Customer Service Contact Information
Customer Service Hours of Operation
Monday - Friday 9 am through 9 pm CST
Toll Free Phone Number: (877)-HASTINGS (427-8464)
Fax: (806) 467-8330

Email: service[at]gohastings.com
PM the GoHastings Representative on CAG: gohastings (John) [Not active since October 2013]

Regular Mail:
Hastings Internet, Inc.
3601 Plains Blvd.
Amarillo, TX 79102

Comments to the President:
John Marmaduke, President & CEO RIP In Peace

Alan Van Ongevalle, President & COO
Hastings Entertainment, Inc.
PO Box 35350
Amarillo, TX 79120-5350



GoHastings.Com / Hastings Entertainment Online Information
Website: http://www.gohastings.com
Retail Store Weekly Ad: http://www.gohastings.com/custserv/custserv.jsp?pageName=StoreAd
Facebook: http://www.facebook.com/gohastings?sk=wall
Twitter: @gohastings
Google+: https://plus.google.com/107834874893127887270/posts
Pinterest: http://pinterest.com/gohastings/
Instagram: http://instagram.com/gohastings
Is the GoHastings.Com server down for everyone or just me?: Click here to check

 
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Upvote 0 Downvote
Kerig said:
When it comes to games, most of us would insist on getting the U.S. version for collection and resale/trade-in purposes. If I order Coke and they give me El Cocko, I'm not paying for it.
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I understand. But, keep in mind, that if you have a Spanish audio track on the Latin American one and the US version doesn't, you might be able to resell it at a premium to someone who would want to play in that language in the US.

Also, I'll take Mexican Coke over US Coke any day of the week.

 
and now the 2 for $14 on $29.99 and under has been replaced with 2 for $14 on $7.99 dvds. what a joke.

glad i got in a few orders last night. dont think i should have to worry about mine being cancled since all my dvds were under $29.99.

 
FlamedLiquid said:
and now the 2 for $14 on $29.99 and under has been replaced with 2 for $14 on $7.99 dvds. what a joke.

glad i got in a few orders last night. dont think i should have to worry about mine being cancled since all my dvds were under $29.99.
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I had some under 29.99 that got cancelled. They didn't send a cancellation email though, I had to check the order status in my account.
 
bn222 said:
I had some under 29.99 that got cancelled. They didn't send a cancellation email though, I had to check the order status in my account.
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well that sucks. I didnt sign in udner my account when placing these orders so wonder how Ill iknow if they were cancelled? any way to check?

i got email confirmations of the orders being placed but they arent linked to a hastings account.

 
FlamedLiquid said:
well that sucks. I didnt sign in udner my account when placing these orders so wonder how Ill iknow if they were cancelled? any way to check?

i got email confirmations of the orders being placed but they arent linked to a hastings account.
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There's a link to check order status near the very bottom of the webpage
 
Looks like 3 of my six shipped and the other 3 were cancelled. Getting Bates Motel, Justified, and Shameless still. Would have loved for x files and parks and recreation to go through too but ah well. Finally able to finish Justified.
 
Placed an order with the 2 for $14.99 the other day. All four items on my order were canceled this morning because they were "no longer available", even though they're still showing up as available to order on the site.

 
My order got cancelled too because it was "out of stock" - Community Season 6 and Hunger Games DVD series. 

Have another order for Castle Season 4 and iZombie season 1, waiting to see what happens there.

I like Hastings, but stuff like this is why I'm not surprised they're in trouble.  It's not because I'm angry my orders were cancelled, it's because an online retailer shouldn't have problems like this.  Checking inventory on their website isn't even easy.

 
Blade said:
Well damn, that's ass. That would've been the best Hastings mistake ever. I'd like to hear if anyone actually gets these honored at the $7 price. TNG, Breaking Bad, Sons of Anarchy, Xena...hell, even Smallville would've been in my cart at $7 each for the complete collections.
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If they are in stock they will probably ship, when the similar glitch happened w blu-rays for $4.XX shipped each I got various collections like james bond, etc etc etc for $4.XX shipped each., but those were used though.

Didn't buy dvds this time because when I managed to get into a computer must of the stuff I might have wanted was OOS already.

People on this sale have bought a bunch of big collections and have shipped as well, so if its cancelled is because you were not fast enough.

 
All my orders were cancelled but for one.  No big.  I half-suspected that GoHastings would cancel most of these orders as their site is notorious for inventory system mistakes.  I'm going to miss them.  There were some great sales in the past, and even though they had fallen off over the last 1-2 years, it was still a nice place to pick up a few items now and then.

Not at all surprised, though, that no one is interested in taking them over.  I've always had doubts about their revenue model, and it seems that reality finally caught up with them.

 
Even more dissapointment. Went to MovieStop and they did have 50% - 85% off their items. Problem is all their Blu-Ray's were gone. They have some DVD's that were garbage. But that isn't really their fault. My problem is even after the discount all their stuff was $10+ more than anywhere else. No wonder they are going out of business. 

 
Just got back from using the last of my Hastings credit. Their rental games are now 40$ plus they have a promo going where u get 20% off if u find and photograph a Pokemon in store using Pokemon go. I got 5 wii u games for 175 after Pokemon discount and tax
 
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My "new" copy of The Last Story arrived yesterday. As expected it was not the bundle as the shipping email said (I knew that had to be a mistake), and the game was gutted. Still, I've ordered new, pre-opened games from them in the past, and they were still in pristine condition. This one on the other hand is kind of beat up. The case has some scratches on tops, and some dents in the bank. Nothing major, but it certainly doesn't look new. Still, the actual game and manual look new, and considering how much it can go for new and used nowadays, for $25 I can't complain too much.

If this really is the end, then so long Hastings. You had a good run.   :beer:  :-({|=

 
Most of my orders that shipped from the 2 for 14 deal arrived yesterday. Pretty happy with what I got and very surprised by the fast shipping, I'm used to Hastings shipping taking a while.[attachment=22909:image.jpeg]
 
Hastings Entertainment has been given an extra week in its ongoing bankruptcy proceedings, the Amarillo Globe-News has learned, but today is still the last day for consumers to use their gift cards.

Previously, Wednesday, July 13 was Hastings’ last day. That date came exactly one month after the company filed for chapter 11 bankruptcy on June 13.

Vice President of Marketing and Advertising Kevin Ball forwarded a message from Hastings CEO Jim Litwak to employees which detailed the extension.

“I am pleased to announce that the bankruptcy judge has agreed to extend the bidding process by one week,” the statement began.

When asked if the extension of the bidding process would affect the status of gift cards, Ball responded that the company “will honor gift cards through close” on Wednesday, July 12.

The auction will occur under section 363 of the Bankruptcy Code, which provides for the use, sale or lease of property of a debtor in bankruptcy. Auctions are common in bankruptcy proceedings of this sort, and while there is no set procedure for sale of assets, the process usually occurs with an open bidding process.

The bidding process is the period which allows for interested entities to put forward an opening offer for the purchase of assets belonging to Draw Another Circle LLC, Hastings’ parent company.

“This means that bids are now due on [Monday, July 18], with the auction taking place on [Wednesday, July 20].” The results will be finalized in one or two days after the auction is complete.

A filing in a Delaware bankruptcy court from July 6 granting the extension says that if “at least two” qualified bids are put forth by the deadline, the auction will proceed. Both Bank of America and Pathlight Capital, two organizations that provided Hastings with lines of credit to keep the doors open during bankruptcy proceedings, will be considered as credit bidders.

This means that both organizations can use the amount of money they have provided Hastings as bids for assets.

According to documents filed in the bankruptcy proceedings, Hastings has $140 million in liabilities and more than $130 million in inventory. Today at the Georgia Street location, employees were going through items to update their stock.

As for the bidding, the Globe-News has been unable to find a list of interested parties.

Hastings stopped rentals and buy-backs of used goods in June, and signs posted in stores around Amarillo inform shoppers that Hastings gift cards, which account for roughly $25 million in unclaimed credit, will expire on Wednesday, July 13.
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http://amarillo.com/news/latest-news/2016-07-12/hastings-entertainment-will-be-put-auction-july-20

I think that's just confirming what we already knew days ago.

Could CAG raise the money to buy Hastings over the weekend? :-({|=

 
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Darkstar00 said:
Welp, let the games begin boys. Stores can close at any time as long as employees are given 7 days notice and all merch is gone by the 31st of October. It's been real Hastings.

http://amarillo.com/news/latest-news/2016-07-20/hasting-entertainment-be-liquidated-oct-31
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Reading about the employee's thoughts on their store closing reminds me of when I worked at KB Toys while they were going out of business. It was fun being able to wear my street clothes at work for almost a month and slowly watch the store get taken apart piece by piece. We ended up closing earlier than expected, too, so I went in on one of the final days to say goodbye to everyone and it was already shut down. Good times.

 
bn222 said:
Most of my orders that shipped from the 2 for 14 deal arrived yesterday. Pretty happy with what I got and very surprised by the fast shipping, I'm used to Hastings shipping taking a while.
attachicon.gif
image.jpeg
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How did you get all that? All my stuff got cancelled except for Alien Quadrilogy and Mission Impossible All Movies pack. It's ridiculous how many items got cancelled. I also only got one of my order and I ordered two. They had b1g1 50% off on sports merchandise. They won't refund or do returns. :(

 
R3DNate said:
How did you get all that? All my stuff got cancelled except for Alien Quadrilogy and Mission Impossible All Movies pack. It's ridiculous how many items got cancelled. I also only got one of my order and I ordered two. They had b1g1 50% off on sports merchandise. They won't refund or do returns. :(
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I guess I just got in early enough. The only stuff that shipped was from orders early in the sale going live, everything I ordered the next day got cancelled.
 
bn222 said:
I guess I just got in early enough. The only stuff that shipped was from orders early in the sale going live, everything I ordered the next day got cancelled.
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Yeah, I ordered the first day of stuff and majority of the dvds got cancelled.

 
Yeah, there was a time when Cowboom and GoHastings were the best places to look for your entertainment needs. Really sucks that we lost both of them this year.

 
Bull Moose was the company that was interested in buying them but was looking for funding and couldn't put a non-refundable bid down in time to extend the deadline.  They're a small chain up in New Hampshire and Maine and have an online store, bullmoose.com

 
Blade said:
Their promos usually go live around 2-3AM EST, or around midnight PST. I bet they only honored orders made within the first few hours.
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Yeah I was so pissed when I actually slept decently and missed the 2 for $14. There were several complete series I'd love to see for that price, HBO shows, FX shows, Star Treks. I need some new TV.

 
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