Business ImprovementsEfforts to reset and enhance the business are showing signs of bearing fruit, including success in reducing promo reliance, an improved supply chain, and assortment enhancements resonating with a broader audience.
Market PositionTorrid is the dominant player in the large and growing plus-size apparel market, with further share consolidation opportunity as competitors retreat.
Strategic InitiativesManagement is taking a broader cut to store closures, which is a positive step in freeing up capital to invest in new product and marketing to support momentum in its online channel.