Hastings Entertainment Chain Said to Prepare Bankruptcy Filing
- Texas entertainment seller operates about 125 stores
- Draw Another Circle took Hastings private two years ago
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Hastings Entertainment Inc., a Texas-based retailer of music, books and video games, is preparing a bankruptcy filing, according to people familiar with the matter.
The filing is expected to come this month and possibly as soon as this week, said the people, who asked not to be identified because the process isn’t yet public.