With November comparable down 8 percent and the company lowering guidance once again, Hot Topic continues to be on the wrong side of the fashion trend with no near term catalysts in sight. Hot Topic will obviously need to take deep markdowns in order to clear unwanted holiday product.
More Quotes from Brian Tunick:
The stock is a little ahead of itself given where the market is today. Investors are excited about it because improved sales indicate that the worst of the suit cycle is over and there's a suit replenishment cycle going on now. But sales per square footage are still down.Brian Tunick
On the economic front, deflation is hurting companies. Mall traffic across the U. S. is down for the last 21 months, there's a lack of fashion newness out there. The average price that teens are paying for an item is down, and it's difficult to see profit pick up in 2003.
Brian Tunick
We're forecasting 50 million in volume in 2003. This business drives 2.1 million customer visits a year as customers must come into the store to pick out, pick up, and drop off the tuxedos -- creating an excellent opportunity to drive incremental sales.
Brian Tunick
When you compare that to the industry multiple of 13.5, these stocks look a little overpriced but they are in good shape.
Brian Tunick
As the company begins to anniversary difficult sales comparisons and investors look to the holiday season, Sharper Image is on a lot of retail investors' radar screen.
Brian Tunick
Readers Who Like This Quotation Also Like:
Based on Topics: Fashion Quotes, Product Quotes, Sense & Perception QuotesBased on Keywords: catalysts, markdowns
There are people who do De Niro and Walken impersonations.
Anthony Michael Hall
Certainly, Africa accounts for only l % of world trade, and we cannot assure our development on our own.
Omar Bongo
It's unfortunate that music has become such big business.
Rosanna Arquette