 Failing to find any interested parties, the company went up for auction on 20 July 2016.Although several businesses bid with the intention of continuing to operate Hastings, they were outbid when liquidation firms Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC pooled their resources to outbid them.Rather than allow the few Hastings that were still profitable to continue operating, Hilco and Gordon Brothers opted to liquidate the entire company.