This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hot Topic Says Holiday Sales Rise 4 Percent

CITY OF INDUSTRY, Calif. (AP) â¿¿ Hot Topic Inc. said Wednesday that sales during the holiday period rose 4 percent from a year ago, and it will open a number of new stores in 2013.

The company, which runs the Hot Topic and Torrid clothing chains, said total sales during November and December hit $177.3 million. Sales at Torrid stores increased 18.8 percent from a year ago to $36.2 million. Hot Topic sales increased 0.8 percent to $141.1 million.

Sales at stores open at least a year increased 2.2 percent for the two-month holiday period. These comparable-store sales are considered a key indicator of financial performance because they strip away the impact of recently opened and closed stores. They improved 1.6 percent at Hot Topic and 5.5 percent at Torrid.

The results include online sales.

Hot Topic CEO Lisa Harper said that new merchandising and sourcing strategies paid off at Torrid, which could be a growth vehicle for the company. And at its namesake brand, sales of clothing and t-shirts offset weaker sales of accessories.

The company it will go ahead with plans to open about 40 new Torrid stores, 15 new Hot Topic outlets and five to 10 Blackheart stores this year. Blackheart is the company's latest venture, a five-store chain where it sells what it calls "dark" and "edgy" lingerie, accessories and beauty products.

Hot Topic operates 619 teen clothing stores and 190 plus-size Torrid stores across North America.

Shares rose 9 cents to close at $9.72 amid a broad market rally.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs