Thursday, September 8, 2016

Article One

SM Head: A well known source of entertainment for Logan dropping off the map
Head: Hastings to continue price drops until store closure

By Judd Workman


Hastings Entertainment increased their price reduction of new books, CDs and movies to 40 percent on Friday. Likewise, the price of all used books, CDs and movies was increased to 60 percent off. 


A well-known retailer of entertainment and media, Hastings announced the closing of its Logan location in mid July. Since July, this location has had ongoing sales and price reductions. These sales are determined by Gordon Bothers, a liquidation company that bought out Hastings shortly after it filed for Chapter 11 bankruptcy. 


According to Richard Pack, a customer service supervisor at the Logan location, the deadline that Gordon Brothers has set for store closure is Oct. 31. 


"If things aren't going well it could close before then, or if we sell everything it could close before then," Pack said. "They're only obligated to give their employees a seven day notice."


In addition to the price changes that happened last Friday, today music accessories and gaming hardware went from 30 to 40 percent off. Price changes like this will likely continue each week until the store closes.


Pack also stated that despite the fact that Hastings is going out of business, they are making more of a profit than last year, which means the sales are doing exactly what they are intended to do. He remains hopeful that they will continue to stay open until the end of October.

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