Specialty retailer Hot Topic net sales rise, comparables drop
16 Mar '06
2 min read
The company also announced that it has reduced the number of new stores it plans to open during fiscal 2006 (53 weeks ending February 3, 2007).
The company now expects to open approximately 50 stores during the year.
This includes an estimated 40 new Hot Topic stores, 20 less than previously announced, and an estimated 10 new Torrid stores, 15 less than previously announced.
Hot Topic Inc is a national mall-based specialty retailer. Hot Topic offers apparel, accessories and gifts to young men and women principally between the ages of 12 and 22.
Torrid, the company's second concept, provides plus-size fashion-forward apparel and accessories that target young women principally between the ages of 15 and 29.
As of February 25, 2006 the company operated 662 Hot Topic stores in all 50 states and Puerto Rico, 120 Torrid stores
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