CITY OF INDUSTRY, Calif., Jan 31, 2011 (BUSINESS WIRE) --
Hot Topic, Inc. today announced Chris Daniel, the President of the
company's Torrid division, has resigned effective April 29, 2011.
Following the departure of Mr. Daniel, Betsy McLaughlin will assume
direct oversight for Torrid. The company will conduct an outside search
for a replacement.
Hot Topic, Inc. is a mall and web based specialty retailer operating the
Hot Topic and Torrid concepts, as well as the e-space music concept,
ShockHound. Hot Topic offers music/pop culture-licensed and music/pop
culture-influenced apparel, accessories, music and gift items for young
men and women principally between the ages of 12 and 22. Torrid offers
apparel, lingerie, shoes and accessories designed for various lifestyles
for plus-size females principally between the ages of 15 and 29.
is a genre-spanning music website where people of all ages can purchase
MP3s and music merchandise, share their music interests, read the latest
music news and view exclusive editorial content. As of January 29, 2011,
the company operated 657 Hot Topic stores in all 50 states, Puerto Rico
and Canada, 153 Torrid stores, and Internet stores www.hottopic.com,
This news release contains forward-looking statements. These statements
involve risks and uncertainties, including risks and uncertainties
associated with meeting expected financial results, fluctuations in
sales and comparable store sales results, our online music site, music,
license and fashion trends, competition from other retailers,
uncertainties generally associated with specialty retailing, technology
and other risks associated with Internet sales, the effect of negative
conditions in the economic environment (including global capital and
credit markets), the effect of severe weather or natural disasters,
political and/or social changes or events that could negatively impact
shopping patterns and/or mall traffic, relationships with mall
developers and operators, relationships with our vendors, litigation
proceedings and contingent liabilities, as well as other risks detailed
in the company's SEC reports including its Annual Report on Form 10-K
for the year ended January 30, 2010 and its Quarterly Reports on Form
10-Q. Historical results achieved are not necessarily indicative of the
future prospects of the company, and actual results or circumstances
could differ materially from the forward-looking statements.
SOURCE: Hot Topic, Inc.
Hot Topic, Inc., City of Industry, CA
Jim McGinty, CFO, 626-839-4681 x2675