Wednesday, July 20, 2016

Hasting's Liquidating

Looks as if you better use those Hasting's gift cards soon.  According to this report, Hasting's plans to shutter all 120 stores by October. A good chunk of the company's problems came from attention to use a cookie cutter model for their product lines in all stores, especially in the field of comics and other pop culture items. The main office would order comics from Diamond Distribution and then allocate them to all stores, without taking into consideration the individual desires of the market in each area.  Especially in comics, one area may have heavy demand for DC while another area may have heavy Marvel presence. Assuming all comic fans like every line equally is a recipe for failure.