Last minute alert: Big opportunity for Fulfillment by Amazon sellers as all Hastings stores close this week.
Hastings Entertainment is the biggest chain store you’ve never heard of.
Until this month, they operated 123 stores in 20 states, operating book & music (and more) stores exclusively in smaller markets. (I forget where I read this, but I heard they only opened stores in towns of fewer than 120,000 people).
Good news and bad news about Hastings
Bad news: Hastings is by far my favorite chain store in the country (for more reason than one), and they’re going out of business.
Good news: They’re liquidating their inventory, and every book and CD is on sale now for 90% off.
Today I stumbled upon a Hastings days before it closed
All used books and CDs were 90% off. Goldmine.
I came out with over 90 books and 30 CDs in the 2.5 hours before they closed. I don’t have any projected profits to share because I wanted to get this article up, but let’s just say it was definitely worth my time. And I’ll be back tomorrow when they open tomorrow to finish the job.
Seriously, it’s crazy. As an example, I got over a dozen sealed audiobooks for 10 cents each. (This was an over 99% off discount. Don’t ask me how that happened).
On my way out, the cashier told me several things
- All Hastings stores will be closed by October 31st.
- All of them are liquidating their merchandise (presumably at the same 90% off prices).
- Many of the stores are already closed.
- “Most” of the stores will be closing this week (before the 31st corporate deadline).
That means you may only have a few days to capitalize on this.
How do you know if there’s a Hastings near you?
There probably is, and you don’t even know it.
They have over 100 locations in 20 states.
To see if there’s one near you, go here.
This is very time sensitive
Can you tell I wrote this whole article in 15 minutes? I wanted to get this up, fast.
So I’m told, the majority of stores will close in the next few days.
In the meantime: They are a complete, total, absurd Amazon-profits goldmine.
Get on this right now.
In Memorium: A great book source and a great bookstore
Despite the deals, I’m actually really sad about this.
For one, Hastings has always been a great source of Amazon inventory, even without the 90% off discount.
Two, its the end of an era as my favorite chain store in the country (independent of the inventory they provided) has closed. It was just a great place to get cool books and music.
The hypocritical irony of mourning the loss of a store that was likely brought to its demise by my chosen business (Amazon) is not lost on me. But I’m still sad.
PS: Having a Hastings-heist story? Post in the comments below.
PPS: Starting tomorrow, I’m doing a 3-part video series on the extremely important (and under-discussed) subject of FBA pricing strategy.
Look for 3 videos delivered to your inbox over the next 7 days, leading up to the unveiling of something big next Tuesday.
Open those emails.