As of Apr 30, 2014 Hastings operated 126 superstores principally in medium-sized markets in 19 primarily Western and Midwestern states, as well as 3 concept stores: Sun Adventure Sports in Amarillo and Lubbock, Texas; and TRADESMART in Littleton, Colorado.
In fiscal 2013, the company closed 10 underperforming stores. The company closed 1 store in the first quarter of fiscal 2014. For the full year, the company doesn't plan to open any stores, and expects to close 2 to 3 stores upon lease expirations.
All stores are leased, typically with initial terms of 5 to 15 years, with some leases containing 5-year renewal options. Stores are typically located in pre-existing, stand-alone buildings or strip shopping centers in medium-sized communities with populations generally less than 250,000. Superstores average approximately 21,000 square feet of sales space and 24,000 square feet of total space, with new stores generally ranging in size from 20,000 to 30,000 square feet of sales space.
|Total gross square feet (M)||3,082||3,106||3,307||3,396||3,459||3,503|
|Total gross square feet growth||-4.8%||-6.1%||-2.6%||-1.8%||-1.3%||-2.3%|
|Avg store gross sq ft||23,900||23,900||23,600||23,700||23,500||23,500|
|Avg store gross sq ft growth||1.2%||1.1%||-0.5%||0.9%||0.1%||0.3%|