A major retail acquisition has been announced, with Spencer Spirit Holdings, Inc. purchasing Hot Topic, Inc. and its associated brands.

The brands included in the acquisition are Hot Topic, Her Universe, and Box Lunch. The purchase price was reported to be $350 million. With this acquisition, Spencer Spirit Holdings, Inc.

will now operate approximately 3,000 stores nationwide under six different brands. The company already owns several retail brands, including Spirit Halloween and Spencer's. Further details about the acquisition are available from the source.

The impact of this acquisition on local retail is not yet clear, but more information can be found through WSMV 4 News or other sources.