Jun 15 2016
Hastings Entertainment, which operates 126 superstores in medium-sized markets selling new and used books, among other things, has voluntarily filed for Chapter 11 bankruptcy protection with its parent company and several sister companies; and is seeking a buyer for its stores. This news comes after several years of substantial losses.
The Wall Street Journal comments: "A declining market for physical movies, music, books and games hurt Hastings's revenues, as online sources of entertainment began to dominate. A cost-cutting campaign and emphasis on product lines such as children's products, comics and hobbies weren't enough to reverse the trend."
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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