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Torrid Holdings Inc. is an American women's retail chain formerly owned by Hot Topic. While it is still owned by Sycamore Partners, owners of Hot Topic, in 2015, the company branched off to become Torrid, LLC. The store offers plus-size clothing and accessories for women size 10-30. Torrid began operations in April 2001. [2]
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In 1973, the company opened its first store in Seattle as a clearance outlet full-line store. [3] The first Nordstrom Rack location was in the basement of a downtown Seattle Nordstrom store. Its website was launched in February 2014 by HauteLook , which was acquired by Nordstrom in 2011. [ 4 ]
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By that year 10% of the company's sales were coming from Japan and Canada. [1] Sales for the year grew by a torrid 72.4%, reaching $246.7 million. Net income came in at $11.7 million. [3] Annual sales in 1999 hit $328.3 million and net income was $13.7 million (excluding costs associated with selling Milepost Four).