A Brief History of Torrid Holdings Inc. (CURV)

Torrid Holdings Inc. is an American retail chain that specializes in plus-size clothing for women. The company was founded in 2001 as a division of Hot Topic, another retail chain focused on alternative fashion.

Over the years, Torrid has established itself as a leading retailer in the plus-size fashion industry, offering trendy and stylish clothing for women sizes 10 to 30. The company has a strong online presence as well as over 400 brick-and-mortar stores across the United States.

• 2001: Torrid is founded as a division of Hot Topic, catering to plus-size women looking for fashionable clothing options.
• 2015: Torrid launches its own e-commerce website, expanding its reach to customers across the country.
• 2016: Torrid becomes an independent company, operating separately from Hot Topic.
• 2018: Torrid Holdings Inc. goes public and is listed on the New York Stock Exchange under the ticker symbol "CURV."
• 2020: Despite the challenges posed by the COVID-19 pandemic, Torrid continues to grow its online sales and expand its offerings to meet the needs of its diverse customer base.

Who Owns Torrid Holdings Inc. (CURV)

Sycamore Partners is the private equity firm that owns Torrid Holdings Inc. (CURV). Sycamore Partners acquired Torrid from Hot Topic in 2013 for an undisclosed amount. Sycamore Partners is known for investing in retail and consumer companies, with a focus on driving growth and profitability.

Here are some key points about Sycamore Partners:

• Founded: Sycamore Partners was founded in 2011 by Stefan Kaluzny, a former managing director at Golden Gate Capital.
• Headquarters: The firm is headquartered in New York City.
• Investment Strategy: Sycamore Partners typically invests in retail and consumer companies that have the potential for growth and operational improvements.
• Portfolio: In addition to Torrid Holdings Inc., Sycamore Partners has investments in companies such as Belk, Staples, and Talbots.

Torrid Holdings Inc. (CURV) Mission Statement

At Torrid Holdings Inc., our mission is to celebrate every shape, size, and curve by providing fashion-forward clothing and accessories that empower our customers to feel confident and beautiful. We are dedicated to inclusive sizing and diverse representation in the fashion industry.

Key elements of our mission statement include:

• Celebrating Every Shape, Size, and Curve: We believe that beauty comes in all forms and strive to cater to a wide range of sizes and body types.
• Fashion-Forward Clothing and Accessories: We are committed to offering trendy and stylish options that make our customers feel on-trend and confident.
• Empowerment: Our goal is to empower our customers to express themselves and feel confident in their own skin through our clothing and accessories.
• Inclusive Sizing: We believe in size inclusivity and offer a wide range of sizes to ensure that all customers can find clothing that fits them perfectly.
• Diverse Representation: We are committed to showcasing diverse models and representations of beauty in our marketing and branding efforts.

How Torrid Holdings Inc. (CURV) Works

Torrid Holdings Inc. is a retail company that specializes in women's plus-size fashion. The company operates under the CURV brand, offering a wide range of trendy and stylish clothing for women sizes 10-30.

Here is how Torrid Holdings Inc. works:

• Product Selection: Torrid Holdings Inc. offers a diverse selection of clothing, including tops, bottoms, dresses, outerwear, and accessories. The company is known for its trendy and fashionable designs that cater to the plus-size market.
• Retail Stores: Torrid Holdings Inc. operates retail stores across the United States, providing customers with a physical location to shop for their favorite CURV products. The stores are designed to create a welcoming and inclusive shopping environment for plus-size women.
• Online Store: In addition to its brick-and-mortar locations, Torrid Holdings Inc. also has an online store where customers can browse and purchase products from the comfort of their own homes. The online store offers a convenient shopping experience with features such as size guides and customer reviews.
• Inclusive Sizing: Torrid Holdings Inc. is committed to offering inclusive sizing options for women of all body types. The company's size range of 10-30 allows women to find clothing that fits their unique curves and shapes, promoting body positivity and self-confidence.
• Trendy Designs: Torrid Holdings Inc. stays up-to-date with the latest fashion trends, offering customers stylish options that keep them feeling confident and on-trend. The company's design team works to create fashionable pieces that cater to the diverse tastes of plus-size women.

How Torrid Holdings Inc. (CURV) Makes Money

Torrid Holdings Inc. is a retail company that specializes in providing trendy and fashionable clothing for plus-size women. The company generates revenue through various channels, including:

• Retail Stores: Torrid operates numerous physical retail stores across the United States and Canada. These stores offer a wide range of clothing, accessories, and footwear for plus-size women. Customers can visit these stores to make purchases, try on clothes, and seek assistance from store employees.
• Online Sales: In addition to its brick-and-mortar stores, Torrid also sells its products through its e-commerce website. Customers can browse through the online store, place orders, and have their items shipped directly to their doorstep. The convenience of online shopping has significantly contributed to the company's revenue growth.
• Wholesale Business: Torrid also generates revenue through its wholesale business. The company partners with other retailers and distributors to sell its products in their stores. This allows Torrid to reach a wider customer base and increase its brand presence in the market.
• Licensing Agreements: Another revenue stream for Torrid comes from licensing agreements. The company collaborates with various brands and designers to create exclusive collections. These collaborations help Torrid attract new customers and drive sales through limited-edition releases.
• International Expansion: As part of its growth strategy, Torrid has expanded its operations into international markets. By opening stores and establishing partnerships in different countries, the company can tap into new customer segments and increase its global presence.