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Hastings Entertainment
Hastings Entertainment was an American retail chain that sold books, movies, music, and video games and functioned as a video rental shop. As of 2016 it had 126 superstores, which were mainly located in the South Central United States, Rocky Mountain States, and in parts of the Great Plains and Midwestern states. Hastings Entertainment stores were also located in many college towns in the U.S. Hastings Entertainment was headquartered in Amarillo, Texas. The company initially weathered the decline of video rental stores, outliving both Blockbuster Video and Hollywood Video. However, declining sales finally forced the company to shift its primary focus to collectibles and comic books in the 2010s. Through the early to mid 2010s, Hastings became the largest comic book retailer in the United States.Johnston, Rich.Hastings – The First National Comic Store Chain In US? ''Bleeding Cool''. 21 June 2010. While this strategy initially benefited the company, it ultimately suffered fr ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Hollywood Video
Hollywood Entertainment Corp. (Nasdaq: HLYW), more commonly known as Hollywood Video, was a home video and video game rental shop company started in 1988. The chain was the largest direct competitor to Blockbuster Video until it was purchased by Movie Gallery in 2005. Hollywood Video ceased operations in May 2010, when Movie Gallery, its parent company, declared Chapter 7 bankruptcy. Its last US store closed on July 31, 2010, whereas the last official one in Canada closed on August 8 of that year. In October 2011, thHollywoodVideo.comsite had been relaunched as a blog. While the website remains active, the last entry was made in October 2014. History 20th century In 1984, Mark Wattles left college and was struggling financially. Wattles' parents had given him and his wife a VCR, which they used as a form of low-cost entertainment. Wattles later said: "I thought, 'There must be other people in America in the same shoes. I think this would be a great business." In 1985, Wattl ...
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Littleton, Colorado
Littleton is a home rule municipality city located in Arapahoe, Douglas, and Jefferson counties, Colorado, United States. Littleton is the county seat of Arapahoe County and is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area. The city population was 45,652 at the 2020 United States Census, ranking as the 20th most populous municipality in the State of Colorado. History The city of Littleton's history dates back to the 1859 Pike's Peak Gold Rush, which brought not only gold seekers, but merchants and farmers to the community. Richard Sullivan Little was an engineer from New Hampshire who made his way out West to work on irrigation systems. Little soon decided to settle in the area at present day Littleton and brought his wife Angeline out from the East in 1862. The Littles, along with many neighbors, built the Rough and Ready Flour Mill in 1867, which provided a solid economic base in the community. By 1890, the community had grown to 245 people and t ...
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Lubbock, Texas
Lubbock ( ) is the 10th-most populous city in the U.S. state of Texas and the seat of government of Lubbock County. With a population of 260,993 in 2021, the city is also the 85th-most populous in the United States. The city is in the northwestern part of the state, a region known historically and geographically as the Llano Estacado, and ecologically is part of the southern end of the High Plains, lying at the economic center of the Lubbock metropolitan area, which has an estimated population of 325,245 in 2021. Lubbock's nickname, "Hub City," derives from it being the economic, educational, and health-care hub of the multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on water from the Ogallala Aquifer for irrigation. Lubbock is home to Texas Tech University, the sixth-largest college by enrollment in the state. Hi ...
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Direct Market
The direct market is the dominant distribution and retail network for American comic books. The concept of the direct market was created in the 1970s by Phil Seuling. The network currently consists of: * four major comic distributors: ** Lunar Distribution and UCS Comic Distributors (which distribute DC Comics since 2020), ** Penguin Random House Publisher Services (the distribution arm of the publishing company), which since 1 October 2021 distributes Marvel Comics and since 1 June 2022 distributes IDW Publishing (with Diamond switching to a Marvel and IDW wholesaler), and ** Diamond Comic Distributors, which distributes most, if not all, non-DC/Marvel/IDW comics (having exclusive deals with those publishers) * the majority of comics specialty stores, and * other retailers of comic books and related merchandise. The name is no longer a fully accurate description of the model by which it operates, but derives from its original implementation: retailers bypassing existing di ...
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Diamond Comic Distributors
Diamond Comic Distributors, Inc. (often called Diamond Comics, DCD, or casually Diamond) is an American comic book distributor serving retailers in North America and worldwide. They transport comic books and graphic novels, as well as other popular culture products such as toys, games, and apparel from comic book publishers or suppliers to retailers. Diamond distributes to the direct market in the United States and has exclusive distribution arrangements with several major U.S. comic book publishers, including Dark Horse Comics, Image Comics, and IDW Publishing (until June 1, 2022). It is owned by Geppi Family Enterprises, which is also the parent company of Alliance Game Distributors, Diamond Book Distributors, Diamond UK, Diamond Select Toys, Gemstone Publishing, E. Gerber Products, Diamond International Galleries, Hake's Americana & Collectibles, Morphy's Auctions, the Geppi's Entertainment Museum, and ''Baltimore'' magazine. Diamond is the publisher of ''Previews'', a ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Common Stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not own any particular assets of the company, which belong to all the shareholders in common. A corporation may issue both ordinary and preference shares, in which case the preference shareholders have priority to receive dividends. In the event of liquidation, ordinary shareholders receive any remaining funds after bondholders, creditors (including employees), and preference shareholders are paid. When the liquidation happens through bankruptcy, the ordinary shareholders typically receive nothing. ...
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Amarillo Globe-News
The ''Amarillo Globe-News'' is a daily newspaper in Amarillo, Texas, owned by Gannett. The newspaper is based at downtown's FirstBank Southwest Tower, but is printed at a facility in Lubbock. History The current-day ''Globe-News'' is a combination of several newspapers previously published in Amarillo. One began on November 4, 1909, as a prohibition publication by the Baptist deacon Dr. Joseph Elbert Nunn (1851 – 1938). In 1916, Nunn turned the ''Amarillo Daily News'' into a general newspaper. Nunn also owned an electric company, and heavily invested in the telephone company. He served on the boards of the Wayland Baptist College (now Wayland Baptist University) in Plainview, Texas, then at Texas Technological College (now Texas Tech University). He went on to Lubbock, Texas, with the Goodnight Baptist College in the now ghost town of Goodnight in Armstrong County. The college and town were named for the legendary Texas Panhandle rancher Charles Goodnight. I ...
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Wal-Mart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, an ...
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Wholesale
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, ''wholesale'' is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lo ...
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Trans World Entertainment
Kaspien Holdings, Inc. (formerly Trans World Entertainment) is an American company that provides software and services for ecommerce. Kaspien Holdings operates on Amazon in the United States, Canada, United Kingdom, Spain, France, Italy, Germany, the Netherlands, Sweden, and India, as well as Walmart Marketplace, eBay, Google Shopping, and Target. Its interim CEO is Goldman Sachs veteran Brock Kowalchuk, who took over March 11, 2022. History Trans World Entertainment Corporation Based in Albany, New York, Trans World was formed in 1972 by Robert Higgins. It opened its first store, Record Town (formerly Record Land), in 1973. The company went public in July 1986 and has expanded through acquisitions of a number of smaller or failing companies including Strawberries, Coconuts, Camelot Music, and Wherehouse Entertainment. On September 23, 2000, Trans World signed a definitive agreement to acquire the assets of WaxWorks, and the deal was expected to close by the end of October. ...
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