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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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Torrid Holdings Inc.'s Q1 results were weak, with comps down 3.5%, gross margin collapsing due to heavy promotions, and a full exit from footwear. The company will close 30% of its stores in 2024, highlighting poor store economics and ongoing struggles with in-store traffic and profitability. Digital sales now comprise 70% of revenue, but this shift exposes Torrid to fierce e-commerce competition and higher customer acquisition costs.
