Content about Torrid

March 7, 2013
Sycamore Partners to acquire Hot Topic for $600 million

Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

City of Industry, Calif. -- Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

The agreement, unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6, 2013.

November 17, 2011
Hot Topic's profit swells in Q3, but sales fall

Hot Topic Inc. reported Wednesday that profit rose to $3.1 million in the quarter ended Oct. 29, compared with $400,000 in the year-ago period.

City of Industry, Calif. -- Hot Topic Inc. reported Wednesday that profit rose to $3.1 million in the quarter ended Oct. 29, compared with $400,000 in the year-ago period. Prior-year results were weighed down by charges from its ShockHound website, which folded.

Revenue fell 4% to $175.8 million from $183.2 million in the quarter, missing Wall Street’s expected $177.8 million in revenue.

Same-store sales dipped 1.6% at Hot Topic and Torrid stores, attributed to disappointing Halloween sales.
 

October 6, 2011
Hot Topic names former Gymboree exec to lead supply chain

Hot Topic said Wednesday that Mark Mizicko has joined the company as its senior VP planning and allocation.

City of Industry, Calif. -- Hot Topic said Wednesday that Mark Mizicko has joined the company as its senior VP planning and allocation.

Mizicko will lead the merchandise planning and allocation teams for both the Hot Topic and Torrid brands. He most recently served as VP marketing and logistics for Gymboree.
 

August 18, 2011
Hot Topic narrows loss in Q2, on track to open up to 40 net new Torrid stores

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.

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.
 

February 1, 2011
Hot Topic divisional chief resigns

Hot Topic said Monday that Chris Daniel, president of the company’s plus-size Torrid division, has resigned effective April 29.

City of Industry, Calif. -- Hot Topic said Monday that Chris Daniel, president of the company’s plus-size Torrid division, has resigned effective April 29.

The company has named Betsy McLaughlin as interim head of Torrid upon Daniel’s departure, and said it will conduct an outside search for a permanent replacement.

June 1, 2010
Hot Topic same-store sales fall 9.0% in May

Hot Topic on Wednesday reported that its same-store sales dropped 9.0% in the four-week period...

May 19, 2010
Hot Topic posts loss

Hot Topic posted a net loss for its fiscal first quarter as revenue declined....

November 18, 2008
Hot Topic Sales Up 4.7% in 3Q

Hot Topic, Inc. reported net income in the third quarter of $7.4 million compared to...

May 21, 2008
Hot Topic 1Q Loss Widens on Same-Store Sales Drop

Hot Topic Inc. said Wednesday its first-quarter loss widened on a drop in same-store sales....

January 25, 2006
Hot Topic Exec Departs

City of Industry, Calif., ...

March 16, 2005
Hot Topic Earnings Decline

City of Industry, Calif., ...