BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Hot Topic slumped during the recent quarter, thanks largely to softer retail sales and a lackluster performance from it online music unit. That includes a glut of merchandise tied to the movie Twilight, part of a selection that also includes plenty of teenage-focused (12-22) music merchandise.
Additionally, losses at music-focused community, merch and MP3 site ShockHound dampened the report. Overall, Hot Topic profits dropped 14.4 percent to $8 million for the 13-week period ending January 30th (fiscal fourth quarter). Revenues landed at $214 million for the period, down from $238 million from the same period last year.
Wall Street reacted to the softer report - as well as softer guidance - by dropping Hot Topic (HOTT) shares 4.58 percent to $6.25.
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