NARM is gearing up for its 2011 annual convention with the announcement that Hastings Entertainment chairman/CEO/president John Marmaduke will receive the trade group's Presidential Award for sustained executive achievement. The award will be presented at the last night of the convention, to be held in Los Angeles from May 9-12.
"John has been a true leader in music and entertainment retailing, as well as a great supporter of NARM for four decades," NARM President Jim Donio said in a statement. "His insights and actions not only led his business and NARM into new frontiers, but also helped to challenge and shape the retail community. John was one of the foremost executives to embrace diversification, bringing multiple entertainment and product lines into his stores and growing that brand into the superstore that Hastings has become today."
Hastings operates 147 multi-media stores in 20 states and and an online store. The company traces its origin to 1968 when its first store was opened as a test site for Western Merchandisers, a rackjobber founded by John's father, Sam, in 1961 that supplied entertainment product to Walmart.
Marmaduke jointed the family business in 1969, and in 1973 he joined the then-named Hastings Books & Music as VP, becoming president/CEO in 1976. Western was sold to Walmart in 1991, but Marmaduke remained on in a dual role, running both the Hastings stores and Western, the latter of which was sold to Anderson News and is now known as Anderson Merchandisers. In 1999, Hastings went public and trades on the NASDAQ Stock Exchange under the symbol HAST.
NARM has honored a wide range of industry leaders and organizations with the Presidential Award, includingJim Urie, Bob Higgins, Clive Davis, Jack Eugster, Eric Paulson, Don Cornelius, Casey Kasem, Russ Solomon, Paul Smith, Henry Droz, Ahmet & Nesuhi Ertegun, Dick Clark, the National Academy of Recording Arts & Sciences (NARAS), and the Country Music Association (CMA).