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Torrid Q2 sales fall 18 percent, lowers FY outlook

Plus-size womenswear brand Torrid has reported a 18.2 percent drop in net sales in the second quarter as the company navigates a “rebuild year” in a “challenging market”. The US brand, which specialises in fashion for sizes 10 to 30, generated sales of 289.1 million dollars in the three months to July 29, compared to 353.5 million dollars in the...