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Torrid Holdings Inc. is an American women's retail chain formerly owned by Hot Topic. While it is still owned by Sycamore Partners, owners of Hot Topic, in 2015, the company branched off to become Torrid, LLC. The store offers plus-size clothing and accessories for women size 10-30.
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. In 2007, approximately 40% of Hot Topic's revenue comes from sales of licensed band T-shirts. [7] The majority of the stores are located in regional shopping malls. [7]
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 ...
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.
Discount store 117,047 ... Essen and Mülheim Germany: 9 JD.com: Non-store 94,423 6.6%: Beijing China: 10 Target Corporation: Discount department store 92,400 4.7%: Minneapolis United States: 11 CVS Health: Drug store/Pharmacy 91,198 ... Woonsocket United States: 12 Lowe's: Home improvement 89,597 6.5%: Mooresville United States: 13 Ahold ...
Hot Topic closed 29 of its namesake stores and five of its Torrid locations over the past year. In an attempt to rein in costs, the company has been closing underperforming stores, yet ...
Sycamore also sold over 300 Dollar Express stores to rival, Dollar General. [27] In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy, and would rebrand 250 JCPenney stores to the Belk name, to help the chain compete directly with Macy's.
Get $20 off when you spend $75 or more by Dec. 16 at Hot Topic, a low-budget fashion-forward retailer that describes its clothes as "music-inspired." I consider them in the same category as ...