Torrid Store Closures
Torrid plans to close up to 180 underperforming stores in the US to align with shifting consumer demand, as digital sales now account for nearly 70% of its total sales, according to CEO Lisa Harper. The company aims to reduce fixed costs and invest in customer acquisition and omnichannel enhancements, with sub-brands Lovesick and Studio Luxe expected to represent one-third of its business by next year. Details on specific store closures have not been disclosed, following similar challenges faced by other retailers like Forever 21.
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