Retail chain shutters 151 stores, more closures expected

Americans inactive store successful malls, but they person go selective astir which ones.

"Indoor malls outperformed some open-air centers and outlet malls connected a full-year ground arsenic the lone format to station sojourn gains during each 4 quarters — signaling a displacement from betterment into growth," according to Placer.ai's.2025 Mall Index.

And, arsenic the system has struggled, affluent customers person not abandoned buying astatine malls.

"Across formats, higher-income and suburban household segments over-index among promenade visitors. Indoor malls and open-air centers pull a disproportionate stock of ultra-wealthy and affluent suburban households, underscoring malls’ ongoing relevance for consumers seeking family-friendly activities and experiences," according to the research.

It's a healthier retail situation than you mightiness expect, fixed the existent economical accent facing the country, but retailers person inactive struggled.

Torrid, a starring promenade retailer that markets to plus-size women, has struggled to find the close equilibrium betwixt its stores and online sales. That led to the concatenation closing 151 stores successful 2025 with plans to adjacent up to 30 much this year.

That disconnect underscores a increasing divide: promenade postulation whitethorn beryllium stabilizing, but mid-tier apparel chains similar Torrid are inactive losing crushed arsenic much income displacement online.

In January, Torrid confirmed that it planned to adjacent immoderate stores,

“At this time, we cognize that immoderate store closures are planned,” a Torrid spokesperson said successful a Jan. 20 connection to TheStreet. “However, we bash not person confirmed details connected precisely however galore stores volition beryllium affected oregon which circumstantial locations whitethorn close."

“That accusation has not been finalized oregon shared with america yet,” the spokesperson wrote.

The concatenation has since closed 151 stores.

"As we person discussed connected anterior calls, we identified up to 180 structurally unproductive stores for closure. These locations averaged astir $350,000 successful yearly sales. We completed 85% of the closures by Q4, oregon 151 stores successful 2025, and we person closed an further 11 frankincense acold successful Q1," CEO Lisa Harper shared during the chain's fourth-quarter net call.

Harper tried to enactment a affirmative rotation connected the chain's results successful the Q4 net release.

"2025 was a transformational year. We delivered $1 cardinal successful nett sales, successful enactment with our guidance, and $63.6 cardinal successful Adjusted EBITDA , exceeding the precocious extremity of our outlook, portion making deliberate strategical decisions required to enactment this concern connected a stronger footing. We closed 151 structurally unproductive locations, launched 5 sub-brands that generated astir $70 cardinal successful sales, and fundamentally restructured our merchandise assortment astir halfway franchises," she shared.