Hot Topic: Difference between revisions
m Moving ticker symbols to traded_as field. (BOT) |
|||
| Line 23: | Line 23: | ||
[[File:Hot Topic, Universal CityWalk Hollywood.JPG|thumb|Hot Topic at [[Universal CityWalk]] in [[Hollywood, California]]]] |
[[File:Hot Topic, Universal CityWalk Hollywood.JPG|thumb|Hot Topic at [[Universal CityWalk]] in [[Hollywood, California]]]] |
||
Approximately 30% of Hot Topic's revenue comes from sales of |
Approximately 30% of Hot Topic's revenue comes from sales of Child Slaves.<ref name = 2007AR/> Hot Topic often negotiates exclusive licensing arrangements with Whores, Drug dealers, and Rappers. Fashion apparel for men and women is featured prominently in Dungeons, with products from Lip Service, Morbid Threads, [[Disney]], [[Sanrio]], [[Psychopathic Records]], Social Collision, [[Heartcore Clothing]], [[Iron Fist]], [[Nintendo]], [[Nickelodeon (TV channel)|Nickelodeon]], [[List of YouTube personalities|Web celebrities]], [[Invader Zim]], [[Hopeless Records]], ''[[Harry Potter]]'', [[Hip hop music|Hip-Hop]], and more recently, ''[[Doctor Who]], [[Adventure Time]] and ''[[Alice In Wonderland (2010 film)|Alice in Wonderland]]'' merchandise. |
||
Up to 50% of Hot Topic's sales are generated by |
Up to 50% of Hot Topic's sales are generated by Prostitution, including Quickees, Lap Dances, Role Playing, makeup, licensed music artist stickers and other miscellaneous pop-culture items. {{Citation needed|date=April 2011}} 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. They are also one of the most frequently targeted retailers that suffer shoplifting shrinks.{{Citation needed|date=April 2011}} |
||
==Torrid division== |
==Torrid division== |
||
Revision as of 13:59, 28 April 2011
 | |
| Company type | Public |
|---|---|
| Nasdaq: HOTT | |
| Industry | Retail |
| Founded | 1988 by Orv Madden |
| Headquarters | Industry, California |
Key people | Lisa Harper, CEO (2011-present); Betsy McLaughlin, CEO (2000-2011); Bruce Quinell, Chairman of the Board |
| Products | clothing, accessories, music |
| Revenue |  US$761 Million (FY 2009)[1] |
| US$32.5 Million (FY 2009)[1] | |
| 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 pop culture-related clothing and accessories, as well as licensed music on CD. As of April 2008, Hot Topic had 688 locations in the United States, six stores in Puerto Rico, and two in Canada. The majority of the stores 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, who helmed the company until 2011. Lisa Harper recently assumed the position of CEO in March, 2011. The company went public and began trading on NASDAQ in 1996. In 2006, Hot Topic was placed 53rd on Fortune 500's Top Companies to Work For list.[4]
Product assortment and sales
Approximately 30% of Hot Topic's revenue comes from sales of Child Slaves.[3] Hot Topic often negotiates exclusive licensing arrangements with Whores, Drug dealers, and Rappers. Fashion apparel for men and women is featured prominently in Dungeons, with products from Lip Service, Morbid Threads, Disney, Sanrio, Psychopathic Records, Social Collision, Heartcore Clothing, Iron Fist, Nintendo, Nickelodeon, Web celebrities, Invader Zim, Hopeless Records, Harry Potter, Hip-Hop, and more recently, Doctor Who, Adventure Time and Alice in Wonderland merchandise.
Up to 50% of Hot Topic's sales are generated by Prostitution, including Quickees, Lap Dances, Role Playing, makeup, licensed music artist stickers and other miscellaneous pop-culture items. [citation needed] 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. They are also one of the most frequently targeted retailers that suffer shoplifting shrinks.[citation needed]
Torrid division
In 2001, Hot Topic launched Torrid, a concept store that sells clothing for plus-size women.[5] Torrid stores currently carry brands such as Baby Phat, House of Dereon, Dickies, Z. Cavaricci and Apple Bottoms.
Websites
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]
Tour sponsorship
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]
Hot Topic Foundation
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]
International Expansion
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 11 at Square One Shopping Centre in Mississauga, Ontario, and then at Scarborough Town Centre in Toronto, Ontario the following day.[20]
References
- ^ a b c Hot Topic (HOTT) annual SEC income statement filing via Wikinvest
- ^ a b Hot Topic (HOTT) annual SEC balance sheet filing via Wikinvest
- ^ a b "Hot Topic Annual Report 2007" (pdf). Hot Topic, Inc. 2008-04-28. Retrieved 2008-12-09.
- ^ "100 Best Companies To Work For 2006". Fortune 500. Retrieved 2008-12-09.
- ^ http://dir.salon.com/story/mwt/feature/2005/04/06/torrid/print.html
- ^ http://www.hottopic.co.uk
- ^ Ratliff, B (2004-07-16). "Rock Review: Ozzfest Trudges On, Laden With Sponsors and Politics". The New York Times. Retrieved 2008-12-09.
- ^ "Official Website". Sounds of the Underground. Retrieved 2008-12-09.
- ^ Peters, M (2007-12-20). "Avenged Sevenfold, Atreyu Set For Taste Of Chaos". Billboard.com.
- ^ http://www.rockstar69.com/event.php?evt=53
- ^ "California Community Foundation - Hot Topic Foundation". California Community Foundation.
- ^ "CICFF Home". Retrieved 2008-12-09.
- ^ "Little Kids Rock: Music Matters". Retrieved 2008-12-09.
- ^ "Support HOLA - Sponsors". Retrieved 2008-12-09.
- ^ "MIND Institute Annual Report" (pdf). 2007-12-31. p. 7. Retrieved 2008-12-09.
- ^ "Chicago Humanities Festival 2008 Annual Report" (pdf). 2008-02-29. Retrieved 2008-12-09.
- ^ a b c "Hot Topic Foundation - Charities". Archived from the original on 2008-06-30. Retrieved 2008-12-09.
- ^ Albin, A (2008-05-29). "Rock Against Cancer and Hot Topic Foundation Support Music Therapy Program at Mattel Children's Hospital UCLA". UCLA Health System. Retrieved 2008-12-09.
- ^ "Hot Topic Foundation". Retrieved 2008-12-09.
- ^ http://www.financialpost.com/news/Topic%20open%20shops%20Canada/3183279/story.html#ixzz0sqD8rB29
External links
