BeaconEquity.com announces the publication of “Hot Topic Inc. Shares Climb 17% on Better-than-expected May Sales Figures”
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In the article the author covers Hot Topic Inc. Shares Climb 17%:
”A major asset of most apparel retailers is the advent of highly computerized supply chain management systems. This drives the apparel retail market to grow at a fast pace - international trade in apparel totaled $311.4 billion during 2006, which was an increase of about 12 percent over the previous year, according to a World Trade Organization report. Following the same trend, American apparel, shoes and accessories combined are a fast-growing market nearing approximately $450 billion, according to Plunkett Research Ltd.
“Hot Topic Inc. and its subsidiaries operate as a shopping mall-based specialty retailer operating the Hot Topic and Torrid store concepts. The company also sells merchandise on its Web sites, hottopic.com and torrid.com.
“In yesterday's trading, shares of Hot Topic climbed 17 percent after the company released better-than-expected May sales figures. Although it reported a same-store sales drop of 0.2 percent last month…”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
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