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Hot Topic profit down in Q4


City of Industry, Calif. Hot Topic reported that its fourth-quarter and year-end profits were down, as sales numbers continue to drop for the apparel retailer.

In the quarter, the company earned $8 million, while it earned $14.2 million in the same period last year. Sales at the company fell 10% to 214.2 million, down from $238 million a year ago.

For 2009, the company earned $11.9 million on $736.7 million in sales. In 2008, the company earned $19.7 million on sales of $761.1 million.

As of Jan. 30, Hot Topic operated 680 Hot Topic and 156 Torrid stores.

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