Content about INDUSTRY

May 13, 2013

Walmart plans to offer two TP-Link portable wireless networking products in 800 of its stores nationwide. TP-Link is a global provider of networking products.

CITY OF INDUSTRY, Calif. — Walmart plans to offer two TP-Link portable wireless networking products in 800 of its stores nationwide. TP-Link is a global provider of networking products.

The set of products which will be available on select Walmart store shelves are the 150Mbps Wireless N Nano Router and the TP-Link Portable Battery Powered 3G/4G Wireless N Router. 

March 14, 2013

Teen retailer Hot Topic reported net income in the fourth quarter of $12.1 million, or 29 cents per share, compared with net income of $9 million, or 21 cents per share, for the fourth quarter of fiscal year 2011.

CITY OF INDUSTRY, Calif. — Teen retailer Hot Topic reported net income in the fourth quarter of $12.1 million, or 29 cents per share, compared with net income of $9 million, or 21 cents per share, for the fourth quarter of fiscal year 2011.

March 7, 2013

Sycamore Partners has agreed to acquire teen retailer Hot Topic for approximately $600 million, or 14 cents per share in cash.

CITY OF INDUSTRY, Calif. — Sycamore Partners has agreed to acquire teen retailer Hot Topic for approximately $600 million, or 14 cents per share in cash. The agreement, which has been unanimously approved by Hot Topic’s board of directors, represents a premium of approximately 30% over Hot Topic’s closing stock price on March 6.

March 23, 2011

Hot Topic announced Monday that CEO Betsy McLaughlin has resigned the company, effectively immediately, and will be replaced by current board member Lisa Harper.

CITY OF INDUSTRY, Calif. -- Hot Topic announced Monday that CEO Betsy McLaughlin has resigned the company, effectively immediately, and will be replaced by current board member Lisa Harper.

The move came two weeks after the company announced a fourth-quarter net loss, reversing a profit from a year ago, as revenue slipped by 1%.

According to the retailer, McLaughlin will continue to assist in the transition over the next three months.