It’s official. . .Hastings stores across the country, including those in Abilene and Brownwood, are going to close this fall.
The Amarillo Globe reports the inventory at all Hastings Entertainment locations will be liquidated through October 31, 2016.
Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC both pitched in and bought out Hastings on Wednesday, according to the paper, which claims the companies are mandating “everything must go” sales to help conquer the nearly $140 million dollars of debt Hastings has accrued.
The paper says employees will only be given a seven day notice if they are going to be terminated during the liquidation.
The stores are now allowed to advertise “going out of business sales”. The sales should begin soon.