×
149
Fashion Jobs
ADIDAS
Senior Manager Team Sports Sourcing
Permanent · HONG KONG
ADIDAS
Senior Manager Buying
Permanent · HONG KONG
ADIDAS
Senior Manager Buying (Inventory Planning)
Permanent · HONG KONG
PUMA
Senior Garment Technician
Permanent · Hong Kong
UNDER ARMOUR
sr. Professional, FP&A
Permanent · HONG KONG
DR. MARTENS
Assistant Digital & Social Marketing Manager Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Human Resources Specialist (8-Month Maternity Leave Cover)
Permanent · Kwun Tong
SHISEIDO
Manager, Finance
Permanent · Hong Kong
SHISEIDO
Contract Senior Officer/Officer - Inventory Planning, Supply Chain Management
Permanent · Hong Kong
SHISEIDO
Senior Officer - CRM, Digital Shared Services
Permanent · Hong Kong
L'OREAL GROUP
Group Product Manager
Permanent · Hong Kong
AESOP
Service Desk Analyst, Asia
Permanent · Hong Kong
SHISEIDO
Manager - Marketing, Nars
Permanent · Hong Kong
SHISEIDO
Contract Officer - Logistics, Supply Chain Management,
Permanent · Hong Kong
AESOP
Retail Consultant | Hong Kong And Macau
Permanent · Central
AESOP
Finance Analyst
Permanent · Hong Kong
SHISEIDO
Travel Retail- Assistant Manager, Retail Education (Hong Kong)
Permanent · Hong Kong
LOVISA
Part Time Sales Associate - Landmark North
Permanent · SHEUNG SHUI
LOVISA
Part Time Sales Associate - Landmark North
Permanent · SHEUNG SHUI
H&M
Help Desk Agent
Permanent · HONG KONG
H&M
Sales Advisor Full Time-九龍企業廣場店
Permanent · HONG KONG
H&M
Sales Advisor Part Time-九龍企業廣場店
Permanent · HONG KONG
By
Reuters
Published
May 6, 2009
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hot Topic shares tumble as April same-store sales miss estimates

By
Reuters
Published
May 6, 2009

By Nivedita Bhattacharjee

BANGALORE, May 6 (Reuters) - Teen-clothing retailer Hot Topic Inc (HOTT.O) posted April same-store sale results that missed estimates, even though monthly sales rose, as sales at its Torrid stores and women's segments weighed down on performance.


Hot Topic "Full-Throttle Style"

Shares of the company went down as much as 15 percent to $10.53 in after-hours trade.

Same-store sales, or sales at stores open for at least a year, were up 3.1 percent, compared with analyst estimates of 7 percent.

Sales of merchandise related to the popular teen vampire movie "Twilight" saw lesser prominence at stores as expected, the company said in a pre-recorded sales call.

Hot Topic, which also sells music, had topped same-store estimates for March comfortably, with sales of Twilight DVDs being responsible for roughly half of the comparable sales rise.

For April, the company said same-store sales were up 15 percent for accessories, but down 10 percent for women's segment.

The company, which is a favourite with teenagers for its popular Goth and rock 'n' roll-inspired apparel and accessories, saw April comparable sales rise 5 percent at its namesake stores, but those at Torrid stores fell 2.8 percent.

The mall and Internet-based retailer posted monthly sales of $47.3 million, a rise of nearly 6 percent.

However, analyst Brian Sozzi of Wall Street Strategies Inc (wstreet.com) said the retailer lost momentum in the latter stages of the month and is heading into a traditionally slower period for its business.

He also said that the company did not give any colour on outlook for the coming quarter makes it likely to post first-quarter results in line with estimates.

First-quarter revenue rose 10 percent to $175.1 million, beating market estimates.

(Editing by Anil D'Silva)

© Thomson Reuters 2023 All rights reserved.