Hot Topic narrows loss in Q2, on track to open up to 40 net new Torrid stores
City of Industry, Calif. -- Hot Topic reported Wednesday that it tightened its loss in the second quarter to $6.2 million, compared with a loss of $6.3 million a year earlier.
Revenue edged up to $150.9 million from $150 million. Same-store sales rose 2.6% for quarter.
Hot Topic said it will open 25 to 45 Torrid stores in fiscal 2012. It also plans to close 10 to 20 Hot Topic stores and about five Torrid stores next year, and remodel or relocate 40 to 50 Hot Topic stores and 10 to 20 Torrid stores.