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| Type | Public (NASDAQ: HOTT) |
|---|---|
| Founded | 1988 by Orv Madden |
| Headquarters | Industry, California |
| Key people | Betsy McLaughlin, CEO (2000-present); Bruce Quinell, Chairman of the Board |
| Industry | retail |
| Products | clothing, accessories, music |
| Revenue | ▲ US$761 Million (FY 2009)[1] |
| Operating income | ▲ US$32.5 Million (FY 2009)[1] |
| Net income | ▲ US$19.7 Million (FY 2009)[1] |
| Total assets | ▲ US$371 Million (FY 2009) [2] |
| Total equity | ▲ US$258 Million (FY 2009)[2] |
| Website | hottopic.com |
Hot Topic (NASDAQ: HOTT) is an American retail chain specializing in music and pop culture-related clothing and accessories, including licensed music recordings. As of April, 2008, Hot Topic had 688 locations in the United States and six stores in Puerto Rico, the majority of which are located in regional shopping malls.[3] The first Hot Topic store was opened in 1988 by Orv Madden, who retired as CEO in 2000 and was replaced by Betsy McLaughlin. The company went public and began trading on NASDAQ in 1996. In 2006 Hot Topic was named number 53 on Fortune 500's Top Companies To Work For list.[4].
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Approximately 30% of Hot Topic's revenue comes from selling licensed band t-shirts.[3] Hot Topic often negotiates exclusive licensing arrangements with musical artists, movie studios, and graphic artists. Fashion apparel for men and women is featured prominently in stores, with products from Lip Service, Morbid Threads, Disney, Sanrio, Psychopathic Records, Social Collision, Heartcore Clothing, Iron Fist, Nintendo, Nickelodeon, Hopeless Records, Harry Potter, and more recently, Twilight, New Moon and Alice in Wonderland merchandise.
Up to 50% of Hot Topic's sales are generated by accessories, including sunglasses, private-label body jewelry, hosiery, makeup, licensed music artist stickers and other miscellaneous pop-culture items. Accessories generate the most significant amount of profit for the company. Hot Topic drives the profit margin by the use of cross merchandising and suggestive selling.
In 2001, Hot Topic launched Torrid, a concept store geared toward young, plus size women.[5] Torrid stores are currently carrying brands such as BabyPhat, House of Dereon, Dickies, Z. Cavaricci and Apple Bottoms.
In 2008, Hot Topic launched ShockHound, an online retailer and social networking music site. The site features music downloads, interviews and exclusive content. Hot Topic's original website, hottopic.com was launched in 1997, and ships products to approximately 100 countries.
Hot Topic has repeatedly found itself the subject of several controversies involving the graphic design, industrial design, and web comic communities[6][7], often being accused of taking designs without permission for use in its product lines. Hot Topic has blamed suppliers in the past, but the issue continues to persist into 2010.[8]
The company has sponsored the 2004 Ozzfest concert tour,[9] the 2005 through 2007 Sounds of the Underground tour,[10] the 2008 Taste of Chaos tour,[11] and have a stage at and sponsor the Rockstar Energy Drink Mayhem Festival.[12]
The Hot Topic Foundation was formed at the California Community Foundation in 2004, focusing on encouraging children and youth in the pursuit of music and the arts. It has granted approximately $4 million to more than 70 organizations throughout the U.S.[13] Recipients have included the Chicago International Children's Film Festival,[14] Little Kids Rock,[15] Heart of Los Angeles,[16] MIND Institute,[17] the Chicago Humanities Festival,[18][19] Rock Against Cancer,[19][20] Inner-City Arts, Big Thought, IFP Chicago, Spy Hop Productions, Footlights Inc., Carolina Studios Corp and the KIPP Bayview Academy.[19] Money is raised through sales of guitar picks, exclusive music compilations, mints, and reusable shopping bags.[21]
| Type | Public (NASDAQ: HOTT) |
|---|---|
| Industry | Retail |
| Founded | 1988 by Orv Madden |
| Headquarters | Industry, California |
| Key people | Betsy McLaughlin, CEO (2000-present); Bruce Quinell, Chairman of the Board |
| Products | clothing, accessories, music |
| Revenue | ▲ US$761 Million (FY 2009)[1] |
| Operating income | ▲ US$32.5 Million (FY 2009)[1] |
| Net income | ▲ US$19.7 Million (FY 2009)[1] |
| Total assets | ▲ US$371 Million (FY 2009) [2] |
| Total equity | ▲ US$258 Million (FY 2009)[2] |
| Website | www.hottopic.com, www.hottopic.co.uk |
Hot Topic (NASDAQ: HOTT) is an American retail chain specializing in music and punk/rock culture-related clothing and accessories, as well as licensed music on CD's. As of April, 2008, Hot Topic had 688 locations in the United States and six stores in Puerto Rico, the majority of which are located in regional shopping malls.[3] The first Hot Topic store was opened in 1988 by Orv Madden, who retired as CEO in 2000 and was replaced by Betsy McLaughlin. The company went public and began trading on NASDAQ in 1996. In 2006 Hot Topic was named number 53 on Fortune 500's Top Companies To Work For list.[4].
Contents |
Approximately 30% of Hot Topic's revenue comes from selling licensed band t-shirts.[3] Hot Topic often negotiates exclusive licensing arrangements with musical artists, movie studios, and graphic artists. Fashion apparel for men and women is featured prominently in stores, with products from Lip Service, Morbid Threads, Disney, Sanrio, Psychopathic Records, Social Collision, Heartcore Clothing, Iron Fist, Nintendo, Nickelodeon, Invader Zim, Hopeless Records, Harry Potter, and more recently, Twilight, and Alice in Wonderland merchandise.
Up to 50% of Hot Topic's sales are generated by accessories, including sunglasses, private-label body jewelry, hosiery, makeup, licensed music artist stickers and other miscellaneous pop-culture items. Accessories generate the most significant amount of profit for the company. Hot Topic drives the profit margin by the use of cross merchandising and suggestive selling.
In 2001, Hot Topic launched Torrid, a concept store that sells clothing for plus-size women.[5] Torrid stores currently carry brands such as BabyPhat, House of Dereon, Dickies, Z. Cavaricci and Apple Bottoms.
In 2008, Hot Topic launched ShockHound, an online retailer and social networking music site. The site features music downloads, interviews and exclusive content. Hot Topic's original website, hottopic.com was launched in 1997, and ships products to approximately 100 countries.
Hot Topic's European website launched in April 2010.[6]
The company has sponsored the 2004 Ozzfest concert tour,[7] the 2005 through 2007 Sounds of the Underground tour,[8] the 2008 Taste of Chaos tour,[9] and had a stage at and sponsored the 2008 and 2009 Rockstar Energy Drink Mayhem Festival tours.[10]
The Hot Topic Foundation was formed at the California Community Foundation in 2004, focusing on encouraging children and youth in the pursuit of music and the arts. It has granted approximately $4 million to more than 70 organizations throughout the U.S.[11] Recipients have included the Chicago International Children's Film Festival,[12] Little Kids Rock,[13] Heart of Los Angeles,[14] MIND Institute,[15] the Chicago Humanities Festival,[16][17] Rock Against Cancer,[17][18] Inner-City Arts, Big Thought, IFP Chicago, Spy Hop Productions, Footlights Inc., Carolina Studios Corp and the KIPP Bayview Academy.[17] Money is raised through sales of guitar picks, exclusive music compilations, mints, and reusable shopping bags.[19]
In August 2010, Hot Topic opened two new stores in Canada, which also marked the chain's first two international outlets. The first store opened on August 11th at Square One Shopping Centre in Mississauga, Ontario, and then at Scarborough Town Centre in Toronto, Ontario the following day.[20]
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Wikimedia Commons has media related to: Hot Topic |
   | Torrid's official website - Torrid.com - The Destination for Trendy Plus-size Fashion and Accessories |
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