Full-Time
Director – Inventory Accounting and Inventory Control
Posted on 12/6/2024
Hot Topic
5,001-10,000 employees
Retailer of music and pop culture fashion
Compensation Overview
$154.5k - $175k/yr
Senior, Expert
City of Industry, CA, USA
Hybrid position at Hot Topic HQ in City of Industry, California.
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- BS degree in Accounting or Finance preferred
- 8+ years’ experience in inventory accounting areas in retail environment
- 4-6 years of supervisory experience or managing a team
- Oracle Retail Management (and Fusion) and Lawson experience a plus
- Advanced knowledge of MS Excel and Access
- Experience with inventory levels exceeding $100M with 500+ stores and high SKU count 300K+
- Oversee a team of five, including one manager, two seniors, and two staff.
- Oversee the month-end close process, ensuring alignment with company financial goals and providing high-level insights into inventory performance, trends, and opportunities for optimization.
- Develop and drive strategic inventory management initiatives, working with senior leadership to monitor trends, optimize inventory positioning, and ensure accuracy, efficiency, and compliance.
- Partner with cross-functional leaders to align inventory planning, forecasting, and strategy with long-term corporate objectives.
- Partner with legal and merchandising teams to ensure compliance with licensing contracts, providing strategic oversight and guiding decisions for royalty calculations and payments.
- Provide leadership and strategic direction to the Manager of Inventory Control, ensuring that inventory movements align with the company’s financial and operational objectives.
- Drive initiatives in partnership with Inventory Control, LP, Store Operations, and Merchants to develop and implement comprehensive shrink-reduction strategies that support overall business performance.
- Set strategic direction for reserve management, overseeing shrink, aged inventory and LCM valuations to ensure alignment with company-wide risk management objectives.
- Partner with Sales Audit team to define and refine policies for inventory shipment cut-offs and sales reporting, ensuring alignment with business goals and regulatory compliance.
- Partner with IT to identify, resolve, and implement inventory system improvements, ensuring robust exception reporting and successful system implementations to support sustainable inventory operations.
- Foster a culture of compliance and continuous improvement, leading initiatives to optimize inventory accounting processes, systems, and controls across the organization. Identify and implement automation and workflow improvements that strengthen data accuracy and integrity, driving operational efficiency and supporting growth.
- Ensure that Inventory Accounting and Inventory Control provide timely and accurate support to external auditors (bank, financial statements and inventory appraisers) and to internal partners for insurance renewals. Provide executive-level support and insights into audit and insurance activities.
- Review components of borrowing base certificate related to inventory balances and reserves.
Hot Topic specializes in fashion and accessories inspired by music and pop culture, targeting teenagers and young adults. Their product range includes clothing like T-shirts, jeans, and hoodies, as well as accessories such as body jewelry and backpacks. They also offer collectibles, including exclusive Funko Pop! figures. Hot Topic keeps its inventory fresh by frequently updating it with new arrivals and exclusive items. The company generates revenue through direct sales via its online platform and physical stores, providing options like free in-store pickup and running promotions to attract customers. Their goal is to cater to a young, trendy audience with a diverse selection of pop culture-themed products.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
1989
Simplify's Take
What believers are saying
- Increased demand for exclusive collectibles drives both foot traffic and online sales.
- Nostalgia marketing boosts interest in retro-themed merchandise, aligning with Hot Topic's offerings.
- The rise of 'fandom fashion' expands Hot Topic's pop culture-themed apparel market.
What critics are saying
- Store closures, like in Sacramento, may indicate challenges in maintaining physical locations.
- Sycamore Partners' involvement could lead to strategic shifts impacting Hot Topic's business model.
- The Thrilljoy partnership may alienate budget-conscious customers if pricing is too high.
What makes Hot Topic unique
- Hot Topic offers exclusive pop culture merchandise, attracting niche markets and boosting sales.
- The Social Collision® brand, led by Xochitl Gomez, targets Gen-Z with unique punk fashion.
- Collaborations with franchises like Studio Ghibli enhance Hot Topic's appeal to fandom enthusiasts.
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Benefits
Hybrid Work Options
Flexible Work Hours
Company News
Hot Topic is closing Sacramento-area clothing store with 'final sale.'
Chicago (February 11, 2025) - - AllCampus, a leader in education benefit management, today announced a new partnership with Hot Topic Inc., the leading retail destination for music, entertainment, and pop culture merchandise.
Walgreens Boots Alliance and Sycamore Partners are reportedly discussing a deal that would see Walgreens sold to the private equity firm.A deal could be completed early next year, although the talks could fall apart first, The Wall Street Journal reported Tuesday (Dec. 10), citing unnamed sources.Reached by PYMNTS, a Walgreens spokesperson said the company does not comment on rumors or speculation about its business.Sycamore Partners declined to comment on the report.Walgreens, which operates more than 12,000 stores in the United States, Latin America and Europe, has been under pressure because of its acquisition of Alliance Boots and challenges facing the pharmacy business, according to the report.The firm’s shares have been heading downward for nearly a decade, and its market value has fallen from over $100 billion in 2015 to about $7.5 billion today, the report said.Sycamore Partners specializes in retail and consumer investments, per the report. One of its major deals was its $7 billion acquisition of Staples in 2017. Its current investments include clothing brands Hot Topic, Ann Taylor and Chico’s.Walgreens and other retail pharmacies face challenges to their traditional business models as consumer preferences turn to digital solutions and telehealth services, PYMNTS reported in October.A challenging consumer spending environment served as a main theme during Walgreens’ fourth-quarter earnings call Oct. 15.“The consumer may get stronger, but you wouldn’t count on it right now,” Walgreens Boots Alliance CEO Tim Wentworth said during the call. “We’ve been realistic about the consumer.”The company’s footprint optimization program includes the closure of about 1,200 underperforming Walgreens stores in the next three years, with around 500 expected in the second half of fiscal 2025
Through an exclusive partnership with retail industry giants, Hot Topic and BoxLunch, Thrilljoy will launch its premium series of upscale, fan-first collectibles to select stores nationwide.
Hot Topic has unveiled a new addition to their Funko POP!