| Business Summary | | Hastings
Entertainment,
Inc.
is
a
multimedia
entertainment
retailer
that
combines
the
sale
of
books,
music,
software,
periodicals,
videocassettes,
digital
video
discs
(DVDs),
used
compact
discs
(CDs)
and
used
DVDs
with
the
rental
of
videocassettes,
video
games
and
DVDs
in
a
superstore
format.
As
of
April
17,
2001,
the
Company
operated
142
superstores
and
one
college
bookstore
in
small
to
medium-sized
markets
located
in
22
states,
primarily
in
the
Western
and
Midwestern
United
States.
The
Company
also
operates
a
multimedia
entertainment
e-commerce
Website
offering
a
broad
selection
of
books,
music,
software,
videocassettes,
video
games
and
DVDs.
The
Company
operates
three
wholly
owned
subsidiaries:
Hastings
Properties
Inc.,
Hastings
Internet
Inc.,
and
Hastings
College
Stores
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HAST
is
a
multimedia
entertainment
retailer
whose
superstores
combine
the
sale
of
books,
music,
software,
periodicals,
videocassettes
and
DVDs
with
the
rental
of
videos,
video
games
and
DVDs.
For
the
three
months
ended
4/01,
revenues
fell
1%
to
$109.1
million.
Net
loss
increased
66%
to
$767
thousand.
Results
reflect
decreased
merchandise
revenues
due
to
reduced
sales
of
music
products,
along
with
the
absence
of
an
income
tax
benefit. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
110,129;
after
tax
earnings
were
783. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Marmaduke, 53 Chairman,
Pres and CEO | $497K | Dan Crow, 54 CFO,
VP-Fin. | -- | Michael Woods, 39 VP,
CIO | 228K | Jerry McKee, 37 VP,
Sec., Treasurer, Controller | -- | Alan Van Ongevalle, 33 VP
of Marketing | -- | Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|