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Torrid, a plus-size clothing store, plans to close 180 underperforming stores this year. The closures, in part, are a result of more customers shopping online.
Lisa Harper, CEO of California-based Torrid, announced last week during an earnings call with investors that up to 180 “underperforming” stores are expected to close this year.
Torrid Holdings Inc., the plus-size fashion retailer known for catering to women sizes 10 through 30, is closing multiple retail locations across the United States.
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Shares of Torrid Holdings fell after the company disclosed plans for a secondary offering of its common stock and a $20 million buyback. The stock was down 25% to $3.80 in after-hours trading on ...
Torrid, a plus-sized clothing store, revealed plans to close up to 180 "underperforming" stores on Thursday when it announced first quarter earning results. (Source: Business Wire) ...
Torrid, a plus-size clothing retailer, plans to close up to 180 underperforming stores. The company is shifting focus to its digital platform, which accounts for nearly 70% of its sales.
Torrid will be closing 180 of its retail stores in 2025. The closures come amid the plus-size fashion retailer reporting a decrease in net sales and gross profit margins.
Torrid started in 2001 in Brea, California and carries clothing in women’s sizes from 10 to 30, People magazine reported. It is not the first company catering to plus-sized women to close some ...
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Torrid joins other plus-size clothing stores closing Torrid is not the only plus-size clothing chain that has shuttered locations. In 2020, Lane Bryant, an Ohio-based plus-size retailer, closed 157 ...
Torrid Holdings: Solid Improvements, But It Is Still Too Early To Call It A Trend Torrid GAAP EPS of $0.06 beats by $0.02, revenue of $266M misses by $4.2M Torrid downgraded to Sell at Goldman Sachs ...