Home / Knowledge / News / Apparel/Garments / Apparel retailer Hot Topic narrows loss in Q2 FY'12
Apparel retailer Hot Topic narrows loss in Q2 FY'12
16
Aug '12

Hot Topic, Inc. reported results for its second quarter of fiscal 2012 (13 weeks) ended July 28, 2012.

The company reported a net loss in the second fiscal quarter of $0.8 million, or $0.02 per share, compared to a net loss of $6.2 million, or $0.14 per share, for the comparable period last year.

The results for the second quarter of 2011 include $4.1 million of expenses, or $0.06 per share, for the implementation of the strategic business changes and cost reduction plan. On a non-GAAP basis, which excludes these charges, the second quarter of 2011 results were a net loss of $0.08 per share.

Total sales for the second quarter of fiscal 2012 increased 4.6% to $157.8 million compared to $150.9 million for the second quarter last year. Total company comparable sales increased 3.9% for the second quarter of fiscal 2012.

“This was a strong quarter, with improved merchandising, markdown optimization, and other productivity initiatives showing great results at Hot Topic and Torrid,” said Lisa Harper, Chairman and CEO of Hot Topic, Inc. “We’re also pleased with the progress at Torrid, where we’ve rolled out a comprehensive, well-differentiated rebrand over the last couple of weeks. We believe our sexy, fashion-forward point of view will help drive continued improvement for the brand and the company overall.”

At the end of the second quarter of fiscal 2012, the company operated 620 Hot Topic stores and 171 Torrid stores compared to 636 Hot Topic stores and 145 Torrid stores at the end of second quarter of fiscal 2011. 

During the second quarter of fiscal 2012, the company opened one Hot Topic store and ten Torrid stores and closed five Hot Topic stores and three Torrid stores. The company also remodeled or relocated twenty Hot Topic stores and four Torrid stores during the quarter.

Hot Topic, Inc. is a mall and web based specialty retailer operating the Hot Topic and Torrid concepts. Hot Topic offers music/pop culture-licensed and music/pop culture-influenced apparel, accessories, music and gift items for young men and women.

Hot Topic Inc

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search