Hastings Entertainment reported fourth quarter and full year results Monday morning and the losses continue to mount. For the quarter, the company reported a net loss of $8.4 million (or 1 dollar a share), considerably worse than the $3.8 million in profit reported a year ago, with an overall loss of $17.6 million for the year. Overall book comps actually increased 2.4 percent for the quarter, “primarily due to sales of the Nextbook Premium 7 e-reader tablet and related accessories” and an uptick in trade paperback sales that offset continuing sales declines in new mass market books and used hardbacks. […]
