Texas-based Hastings Entertainment said it will close one of its four Spokane locations.
Its north Spokane store, 7706 N. Division St., has about 35 workers. Company officials said the store’s last day was still being decided.
Company Chief Financial Officer Dan Crow said the Division store was “a marginal” operation that has not performed as well as its other Spokane locations. Its area stores include one in Spokane Valley.
“The retail business in that part of (Spokane) has moved somewhere else, apparently,” he said.
The publicly traded company has 154 stores in the United States.
Airlines match Southwest fare cut
Major airlines moved Friday to match a fare sale started by Southwest Airlines Co., as the carriers worry about weak demand for travel during a recession.
Southwest said that through Monday it would sell seats to almost everywhere it flies starting at $49 to $99 each way. Tickets must be bought at least 14 days before flying, travel must be completed by March 11 and seats are limited, the airline said.
AMR Corp.’s American Airlines, Continental Airlines Inc., UAL Corp.’s United Airlines, US Airways Group Inc., JetBlue Airways Corp. and Delta Air Lines Inc. matched the Southwest prices, officials at those carriers said.
A three-day sale by AirTran ended Thursday night.
Dallas-based Southwest launched the sale shortly after announcing Thursday that it lost money in the fourth quarter, its second-straight losing quarter after 69 straight profitable ones.
Chief Executive Officer Gary Kelly said Thursday that there was “notable softness” in February and March bookings. The day before, AMR Chief Financial Officer Thomas Horton said March looked particularly weak.
Airlines often match their rivals’ fares rather than risk losing price-sensitive passengers.
Last year, airlines raised prices several times and imposed new fees on checked bags to counter rising fuel prices. Although fuel prices have fallen sharply, most of the fees are still in effect.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.