Popular women’s fashion chain closes stores, no bankruptcy
thestreet.com • • business
Key Points:
- Mall-based fashion retailers continue to face financial distress due to rising e-commerce competition, inflation-driven costs, and changing consumer habits, leading to multiple bankruptcies and store closures throughout 2025.
- Major retail bankruptcies in 2025 included Forever 21, which closed all 364 stores; Liberated Brands, which liquidated 122 stores; and Claire’s, which filed for bankruptcy a second time but continued operations after selling stores.
- Plus-sized retailer Torrid plans to close up to 180 underperforming stores by February 2026, having already closed 74 stores earlier in the fiscal year, as part of a strategic shift toward online sales.
- S&P Global downgraded Torrid’s credit rating to CCC+ in
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