Summary
INDUSTRY - Shares of teen apparel retailer Hot Topic Inc. fell to a more-than-52-week low Tuesday, after an analyst said its appeal for teens is waning and downgraded the stock.
A.G. Edwards analyst Robert F. Buchanan wrote in a note to investors that after several straight quarters of negative same- store sales growth, Hot Topic's appeal to teens seems to be declining.See the full content of this document
Extract
Hot Topic Shares Plummet
"There's no question in our view that negative performance momentum has been established," Buchanan wrote. He said he consider...
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