Popular women’s retailer closing 30% of its stores

From Yahoo Finance: 2025-06-06 17:52:00

Popular women’s retailer, Forever21, closes its last physical stores after losing out to online competitors and declaring bankruptcy twice. Macy’s plans to close 66 locations in 2025 as part of a larger downsizing strategy. Torrid, a plus-size women’s clothing store, will close up to 180 underperforming stores due to customer preference for online shopping. The company also reported a drop in net sales and net income, prompting this move.

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