| Business Summary | | Hot
Topic,
Inc.
is
a
mall-based
specialty
retailer
of
music-licensed
and
music-influenced
apparel,
accessories
and
gift
items
for
young
men
and
women,
principally
between
the
ages
of
12
and
22.
Music-licensed
merchandise
includes
T-shirts,
hats,
posters,
stickers,
patches,
postcards,
books,
CDs,
videos
and
other
items.
Music-influenced
merchandise
includes
woven
and
knit
tops,
skirts,
pants,
shorts,
jackets,
shoes,
costume
jewelry,
body
jewelry,
sunglasses,
cosmetics
and
gift
items.
The
Company
plans
to
test
a
second
retail
concept
in
fiscal
2001
with
the
brand
name
Torrid.
Torrid
will
offer
a
selection
of
apparel,
lingerie,
shoes
and
accessories
for
plus-size
women
between
the
ages
of
15
and
30.
The
Company
plans
to
open
six
of
the
Torrid
stores
in
fiscal
2001,
one
of
which
was
opened
on
April
18,
2001.
Hot
Topics
also
maintains
a
Website,
www.hottopic.com,
through
which
it
markets
its
Hot
Topic
stores,
store
concept
and
sells
certain
of
its
merchandise. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HOTT
is
a
mall-based
specialty
retailer
of
music-licensed
and
music-influenced
apparel,
accessories
and
gift
items
for
young
men
and
women
principally
between
the
ages
of
12
and
22.
For
the
13
weeks
ended
5/5/01,
revenues
increased
40%
to
$62.9
million.
Net
income
increased
37%
to
$3.3
million.
Revenues
reflect
an
increase
in
the
number
of
stores
in
operation.
Earnings
were
partially
offset
by
pre-opening
expenses. Recent Earnings Announcement For
the
3
months
ended
08/04/2001,
revenues
were
71,944;
after
tax
earnings
were
4,279. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Robert Jaffe, 48 Chairman,
Director | -- | -- | Elizabeth McLaughlin, 39 Pres,
CEO, Director | $455K | $368K | Jim McGinty CFO | -- | -- | Jerry Cook COO | -- | -- | Jane Cruz Sr. VP of HR | -- | -- | Dollar amounts are as of 29-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|