Hastings Will Close All Stores By October 31
All five Treasure Valley Hastings will be liquidated and all 126 of its stores will shut down by October 31, 2016.
Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC co-purchased Hastings and will oversee the liquidation of its assets. Bloomberg L.P. had also expressed interest in purchasing Hastings prior to the July 20 auction.
Each Hastings can technically close whenever they want to. The October 31 date is just the deadline. Every employee must be provided a seven-day notice before a store is closed.
Hastings filed for Chapter 11 Bankruptcy June 13, 2016.