William Blair downgraded Torrid (CURV) to Market Perform from Outperform. The firm is acknowledging the management’s willingness to pursue more aggressive cost-cutting measures to stabilize the business but also believes that store closures are still in the early stages and may take time to yield a stable operating model, particularly amid ongoing tariff pressures and broader macroeconomic uncertainty, the analyst tells investors in a research note. Long-term revenue retention from these closures also remains a key question, the firm added.
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