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The most important recent news for Hot Topic came just last week, when the company said that private-equity firm Sycamore Partners planned to buy the company for $590 million, or $14 per share ...
Hot Topic, Inc. is an American fast-fashion company specializing in counterculture-related clothing and accessories, as well as licensed music. The stores are aimed towards an audience interested in rock music and video gaming , and most of their audience ranges from teens to young adults.
Over the past 12 months, Hot Topic generated $16.8 million cash while it booked net income of $19.5 million. That means it turned 2.3% of its revenue into FCF. That doesn't sound so great.
The store's clothing styles are aimed at women. In 2005, Torrid expanded its merchandise selection to include styles distinct from its parent company, Hot Topic.Torrid sells accessories, shoes, jewelry, novelty tee shirts, fashion tops, pants, Capri pants, shorts, skirts, dresses, outerwear, intimate apparel, hosiery, gifts, and beauty products.
In 2013, Sycamore acquired Hot Topic and Torrid for $600 million. [18] In 2014, the firm acquired Coldwater Creek. The firm also acquired Jones New York in 2014, for $2.2 billion, which was then sold to Authentic Brands Group in 2015. [19] Kurt Geiger [20] which was then sold to Cinven in 2015. [21]
Apparently, the goth look is back in style. Last night, teen retailer Hot Topic (NAS: HOTT) reported its fourth-quarter results and issued first-quarter guidance -- both of which slightly ...
This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2024 rankings and other sources. [2] American retail corporation Walmart has been the world's largest company by revenue since 2014. [ 1 ]
DeepSeek is a hot topic on earnings calls this quarter. Dominick Reuter,Aditi Bharade. January 30, 2025 at 2:52 AM. The impact of DeepSeek is still reverberating on Wall Street in earnings calls.