Hastings Plans Stock Repurchase
Hastings Entertainment plans to repurchase up to 9% of its outstanding shares, worth $5 million. Chairman/CEO John Marmaduke says Hastings' stock price doesn't reflect the retailer's long-term value. He adds, "We also believe this repurchase demonstrates support for our country and its financial markets."
Hastings shares?which hit a 52-week high of $6.20 on Sept. 4?closed yesterday up one cent to $4.76.
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Hastings Entertainment generated a 44% increase in earnings, posting $7 million in net income, or 61 cents per diluted share, on sales of $171.5 million ......
Hastings Entertainment is on a roll.
Hastings Entertainment reported a net loss for its fiscal third quarter ended Oct. 31 of $5.5 million, or 46 cents per share, more than double ......
Wal-Mart is testing a new high-volume vehicle which, if successful, will become a part of its music selling arsenal.
GOOD NEWS: At the National Assn. of Recording Merchandisers (NARM) annual convention, held last month in San Francisco, one of the most frequently repeated laments ......
Music DVD sales recorded an annual growth rate topping 60% last year, second only to a 75% growth rate realized by the TV-to-DVD phenomenon. But ......
Music DVD sales recorded an annual growth rate topping 60% last year, second only to the 75% rate realized by the TV-to-DVD phenomenon. But unlike ......
CES NOTES: Philips Electronics and Pioneer each plan to have recordable DVD (DVD+RW) devices on the market in ......
In 1972, Sam Marmaduke took what he learned from racking department stores and invented the multimedia store.
Hollywood's home video studio chiefs and the nation's top retailers of videos urged Japanese DVD hardware manufacturers to stop fighting and decide on one high-definition ......
AMARILLO, Texas--(BUSINESS WIRE)--Nov. 25, 1996--Cross-Continent Auto Retailers, Inc., the nation's first publicly traded franchise auto dealer group, today announced the appointment of three directors to ......
In an effort to combat plummeting CD sales, six of the largest music retailers have formed a joint venture, dubbed Echo, to ensure their survival ......
While media and most retail stocks plummeted with the rest of the U.S. markets Sept. 17, the first day of stock trading since the Sept....
Retailers say an explosive Christmas week saved the year-end selling season. At many chains, 11th-hour shoppers helped turn a decent holiday into a strong one.
Hastings Entertainment reports net income of $12.4 million, or $1.07 per diluted share, on revenues of $163.2 million for its fiscal fourth quarter, which ended ......
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