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Torrid plans to close up to 180 stores to focus on online sales and customer acquisition.
Torrid, a plus-size clothing retailer, plans to close up to 180 of its stores by the end of 2025, aiming to focus more on its online presence due to declining brick-and-mortar sales.
The company, which currently has over 600 locations, aims to redirect resources into e-commerce and new customer acquisition.
Torrid's CEO, Lisa Harper, announced the move during a Q1 earnings call, stating it's part of the company's "store optimization" plan.
The closures are expected to free up capital for online growth and product development.
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Torrid planea cerrar hasta 180 tiendas para centrarse en las ventas en línea y en la adquisición de clientes.