July Retail Sales Surprise, Stronger Than Expected
New York—Although July retail sales were down from a year ago, many retailers defied doom and gloom expectations to post comparable stores sales gains and raising optimism about back to school sales....
View ArticleHot Topic Narrows Q2 Loss on Better Comp Store Sales, Margins
The City of Industry, CA—Hot Topic, the teen oriented specialty retailers, reported Wednesday that it’s second quarter loss narrowed in line with expectations as its comparable store sales and margins...
View ArticleOctober Comp Sales Up, But Still Disappointing
New York—Major retailers reported today their October comparable store sales were up 3.4% in total from last year, but below retail analysts’ expectations for a 4.5% increase. The results were...
View ArticleHot Topic Swings into Q4 Profit
City of Industry, CA—Hot Topic reported Wednesday that it swung into a fourth quarter profit despite a slight drop in revenue. For the quarter ended Jan. 28, the specialty apparel and accessories...
View ArticleItem of the Day
Happy Hunger Games! If you’re not already waiting in line to see one of the most anticipated movies of the millenium–which opened last night at midnight–now’s your chance to run out and buy yourself...
View ArticleApril Retail Comp Sales: Worst in 2 Years
New York—After better-than-expected comparable store sales results in February and March, April disappointed. In fact, comparable store sales were the worst since November 2009. Today’s April results...
View ArticleHot Topic Q1 Profit, Sales Higher than Expected
City of Industry, CA—Hot Topic reported today that first quarter profit and sales exceeded expectations based in revised strategies at the company’s teen-oriented brands, Hot Topic and Torrid. For the...
View ArticleHot Topic Issues Improved Q2 Estimates
City of Industry, CA—Noting that its merchandise mix and inventory levels are in target at the end of its second quarter, Hot Topic Inc. said Thursday it expects to post a narrowed quarterly loss and...
View ArticleTwo Unlikely Partners Rock Out in a Fun New Collaboration
Los Angeles—She’s a hair bow-wearing supercute heroine who likes baking cookies, collects cute things and has a pet hamster named Sugar, and, who, by the way, has inspired some 50,000 products (about...
View ArticleGood Tidings: December Comp Sales Better Than Expected
New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers...
View ArticleJanuary Comp Sales Rise, Easily Beating Forecasts
New York—Whether it was the U.S. Congress finally averting the so-called fiscal cliff in early January, a spate of Arctic cold that struck much of the nation, or a stock market headed back to new...
View ArticleSycamore Partners Buys Hot Topic for $600 Million
City of Industry, CA—Hot Topic was truly a hot topic today on Wall Street. That’s because Sycamore Partners, the private equity firm, announced a $600 million deal to buy the teen specialty retail...
View ArticleReport: February Comp Sales Caught a Chill
New York—Despite a slight upsurge expected in Valentine’s Day spending, total February comparable store sales slowed due to bad winter weather, higher taxes, more expensive gas and concern over...
View ArticleHot Topic Q4 Profit Jumps 35% as Its Torrid Stores Improve
City of Industry, CA—Hot Topic, Inc. said Wednesday that its net income jumped 35% in its fourth quarter as sales increased 11% helped by a turnaround at its Torrid division. The specialty retailer,...
View ArticleThe 2013 List of Most Admired Online Retailers, Consumers’ Favorites
Washington–These days there seem to be more e-commerce sites than there are stars in the heavens. But which online retailers are the best and the brightest in the Internet universe? Polling the...
View ArticleSourcing Improvements Push Hot Topic Q1 Profit Up
City of Industry, CA—Improvements in sourcing initiatives and productivity helped mall-based retailer Hot Topic record an earnings increase in its first quarter. Adjusted EBITDA increased to $22.6...
View ArticleCATCH POKÉMON IN STYLE WITH WAVE OF POKÉMON-INSPIRED ACCESSORIES
Gotta catch them all! All of the Pokémon Accessories that is. Over the last few weeks the App Pokémon Go has swept the nation and captivated thousands of people from small children to Millennials to...
View ArticleTOP SHOPPING BRANDS AMONG MILLENNIALS: URBAN OUTFITTERS AND HOT TOPIC
Millennials remain nostalgic for their childhoods, and their purchasing habits are proof. Urban Outfitters and Hot Topic, each known for their 80’s and 90’s era merchandise, listed as the top choice...
View ArticleMay Same Store Sales Increase Albeit Modestly
Washington—May retail sales rose again last month, but less than retail analysts had hoped as rising costs and gasoline prices may be hindering sales. According to Thomas Reuters’ tally of 24 major...
View ArticleJune Retail Sales Prove Robust
New York—Helped by promotions, warmer weather and lower gas prices, June retail sales exceeded retail analysts’ estimates as most retailers reported today increases in their comparable store sales....
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