The New York Times
Though Hot Topic has not publicly disclosed its financials since the private equity firm Sycamore Partners acquired it in June 2013 for about $600 million, the brand’s endurance in the narrowing market of juniors apparel suggests that the brighter, broader inventory is selling. (Sycamore Partners declined to comment for this article.)
In a 2018 report, the youth marketing research firm YPulse found that Gen Z and millennial shoppers deemed Hot Topic the top retail destination for “unique styles,” with Nike coming in second. . . . more
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