Mall-based specialty retailer of music-licensed and music-influenced apparel, accessories and gift items for teens, Hot Topic Inc, has posted a 23 per cent jump in fourth quarter net sales to $109.1 million compared to the year-ago period.

Same-store sales for the 13 weeks ended February 2, 2002 rose 3.8 per cent compared to the corresponding period last year, while January same-store sales fell 3.1 per cent compared to 2001.

Total sales for fiscal 2001 surged 31 per cent to $336m from $257.1m for fiscal 2000.