8 430
Fashion Jobs
DYNAMITE
Dynamite Place Laurier - Chef d'Équipe Temps Plein
CDI · QUÉBEC CITY
DYNAMITE
Garage - Associé (e) Aux Opérations Temps Plein - Place Laurier
CDI · QUÉBEC CITY
TREK
Service Manager
CDI · MONTREAL
HUDSON'S BAY
Access Control, PT
CDI · TORONTO
LULULEMON
Expeditor | Toronto Premium Outlet Contract
CDI · HALTON HILLS
LULULEMON
Visual Merchandising Specialist | Banff Avenue
CDI · BANFF
LULULEMON
Expeditor [Full Time & Part Time] | Niagara Outlet
CDI · NIAGARA-ON-THE-LAKE
CLAIRE'S
Gérant à Temps Partiel Place Laurier
CDI · QUÉBEC CITY
HOMESENSE
Retail Merchandise Coordinator Full Time Homesense - Pen Centre
CDI · ST. CATHARINES
WINNERS
Coordonnateur / Coordonnatrice Traitement Marchandises, Temps Plein, Winners - Lachenaie, Terrebonne
CDI · TERREBONNE
TJX CANADA
Loss Prevention Store Security Agentt
CDI · EDMONTON
A & F
Hollister CO. - Brand Representative, Markville
CDI · MARKHAM
A & F
Hollister CO. - Brand Representative, Bramalea
CDI · BRAMPTON
A & F
Abercrombie & Fitch - Brand Representative, Sherway Gardens
CDI · TORONTO
A & F
Hollister CO. - Brand Representative, Lime Ridge
CDI · HAMILTON
A & F
Hollister CO. - Brand Representative, Halifax
CDI · HALIFAX
A & F
Abercrombie & Fitch - Brand Representative, Richmond Centre
CDI · RICHMOND
A & F
Abercrombie Kids - Brand Representative, Toronto Eaton Centre
CDI · TORONTO
A & F
Abercrombie & Fitch - Brand Representative, Toronto Eaton Centre
CDI · TORONTO
A & F
Abercrombie & Fitch - Brand Representative, Outlet Collection at Niagara
CDI · NIAGARA-ON-THE-LAKE
A & F
Hollister CO. - Brand Representative, Fairview Park
CDI · KITCHENER
A & F
Hollister CO. - Brand Representative, Fairview
CDI · TORONTO
By
Reuters
Published
Aug 5, 2009
Download
Download the article
Print
Text size

Hot Topic July comp sales beat Street, second quarter sales miss

By
Reuters
Published
Aug 5, 2009

Hot Topic
Pull-on denim pants at Hot Topic - Photo: www.hottopic.com

BANGALORE, Aug 5 (Reuters) - Hot Topic Inc (HOTT.O) posted a slightly narrower-than-expected 8.5 percent drop in July sales at stores open at least a year, while second-quarter net sales trailed market estimates.

Analysts on average expected July same-store sales to fall 8.9 percent, according to Thomson Reuters Estimates.

Second-quarter net sales fell 5 percent to $157.9 million -- short of analysts' average estimate of $158.9 million.

"It was encouraging to see the slight upside on the comp line," analyst Brian Sozzi of Wall Street Strategies Inc said in an e-mail.

Same-store sales at the company -- which sells merchandise from popular Hollywood flicks, and Goth and rock 'n' roll-inspired apparel and accessories -- fell 8.8 percent at its namesake brand, and 7.6 percent at its Torrid plus-size chain for young women.

The company said in a pre-recorded call that Hot Topic was hurt mainly by weak sales at its music and women's segments, and by fewer promotions.

Analyst Sozzi said the quarterly net sales were positive as it was roughly in line with the consensus view, and since summer has traditionally been a weak season for the company.

"Inventory remains in line to management's plan. Excluding inventory for online, total inventory per square foot was flat, suggesting not much in the way of overhang moving into the back-to-school season," he added.

Shares of the company closed at $7.82 Wednesday 5 August on Nasdaq. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anne Pallivathuckal)

© Thomson Reuters 2024 All rights reserved.