Torrid's Store Count Has Dropped From 632 to 463 in a Year
The largest plus-size specialty retailer closed more than a quarter of its stores since mid-2025, and its own filings show sales kept declining.
Photo by Sasha P on PexelsTorrid, which calls itself the largest direct-to-consumer brand of women's plus-size apparel and intimates in North America by net sales, ended its first fiscal quarter of 2026 with 463 stores. That is down from roughly 632 when the company announced a store-closure program in June 2025 — a reduction of more than a quarter of its physical footprint in under a year, according to the company's own quarterly filings.
The closures have not turned sales around. Net sales for the quarter ended May 2, 2026, fell 7.6 percent to $245.8 million, down from $265.9 million a year earlier. Net income dropped to $0.4 million from $5.9 million, and adjusted EBITDA margin fell to 7.2 percent from 10.2 percent, according to Torrid's first-quarter results released June 4, 2026.
How the store count shrank, quarter by quarter
Torrid announced the store-optimization program in June 2025, saying it would close up to 180 underperforming locations to cut fixed costs and shift toward digital sales, which the company said already made up nearly 70 percent of its demand. By its second-quarter results, released September 4, 2025, the company had closed 59 stores, bringing the count to 575, while net sales fell 7.7 percent to $262.8 million. By the third quarter, reported December 3, 2025, 74 stores had closed for the year, the count stood at 560, and net sales were down 10.8 percent to $235.2 million. Full-year 2025 results, released March 19, 2026, showed 151 stores closed during the year, ending the count at 483; full-year net sales came to $1.0 billion, down 9.4 percent, though the closures were credited with $18.5 million in operating-expense savings. First-quarter 2026 results added 20 more closures, bringing the total to 463 stores.
“Customer retention from last year's store closures is meeting and, in many cases, exceeding our model.”
Torrid's chief financial officer, Paula Dempsey, told investors on the June 4, 2026, call that the company expected to close seven to eight more stores in the second quarter of fiscal 2026, after which the store-optimization program would be substantially complete, echoing language she had used on the March call. That would put Torrid's remaining footprint somewhere near 455 stores, roughly a quarter smaller than it was two fiscal years ago, on a company that describes itself as the category's largest specialty retailer.
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