Latest news with #Lovesick
Metro
16 hours ago
- Business
- Metro
Popular clothing retailer to close almost 200 more stores in 2025
Another popular clothing retailer is set to close nearly 200 locations in the US this year. Torrid, which sells plus-size women's apparel, plans to shutter up to 180 stores 'to better align our current demand and sales channels', according to the company's report for the first quarter of 2025. Digital sales have grown to represent almost 70% if Torrid's total demand from customers, according to CEO Lisa Harper. 'We're accelerating our transformation to a more digitally-led business, which includes optimizing our retail footprint,' stated Harper on Thursday. 'We now plan to close up to 180 underperforming stores this year—allowing us to reduce fixed costs and reinvest in areas that drive long-term growth, including customer acquisition and omnichannel enhancements.' Torrid plans to lean on its customer base, of which 95% are enrolled in its loyalty program, to work towards a 'digital transformation' aimed at growing its revenue. Harper added that the report for the quarter ending on May 3 shows 'results in line with expectations', including $266million in net sales. Torrid is launching Lovesick and Studio Luxe, and projects that the sub-brands will represent almost one-third of its business by next year. 'Our sub-brand strategy is delivering positive results, exceeding expectations and helping us reach new and younger customers while driving higher margin sales,' Harper stated. More Trending Torrid, which makes apparel for women sizes 10 to 30, has long been an American mall staple. The company has not disclosed which locations are on the chopping block this year. Torrid's upcoming closures come after once-reigning fast fashion clothing brand Forever 21 closed the last of its brick-and-mortar in the US early May. Forever 21 filed for bankruptcy for the second time in six years in March and placed part of the blame on online retailers like Shein, Temu and Amazon that until recently utilized the 'de minimis exemption' to avoid paying tariffs on imported goods under $800. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Six people killed after plane crashes into Pacific Ocean near San Diego MORE: Two dead after gunman opens fire outside Bellagio Hotel in Las Vegas MORE: Popular discount store announces another shop closure in blow to high street
Fibre2Fashion
4 days ago
- Business
- Fibre2Fashion
US' Torrid reports weaker Q1, eyes digital-led expansion
Torrid Holdings Inc, a North American D2C women's apparel brand, has reported a 4.9 per cent year-on-year (YoY) decline in net sales to $266 million for the first quarter (Q1) of fiscal 2025 (FY25) ended May 3. Torrid has reported a 4.9 per cent YoY decline in Q1 FY25 net sales to $266 million, with net income halved to $5.9 million. Gross margin fell to 38.1 per cent and operating cash flow turned negative at $18 million. The company plans up to 180 store closures and expects a $40â€'$45 million revenue hit from pausing China-sourced shoes, but no EBITDA impact. Comparable sales fell 3.5 per cent, and gross margin narrowed to 38.1 per cent due to lower sales and increased promotional activity. Net income dropped to $5.9 million from $12.2 million a year earlier. Adjusted EBITDA was $27.1 million, or 10.2 per cent of sales. The company ended the quarter with 632 stores after closing two locations. Operating cash flow turned negative at $18 million, down from a $27.6 million inflow last year. Liquidity stood at $141 million, including $23.7 million in cash, the company said in a release. 'Our sub-brand strategy is delivering positive results, exceeding expectations and helping us reach new and younger customers while driving higher margin sales. With the upcoming launches of Lovesick and Studio Luxe, we're doubling down on this momentum and expect sub-brands to represent nearly a third of our business by 2026,' stated Lisa Harper, chief executive officer. 'At the same time, digital continues to be our customer's preferred channel, now approaching 70 per cent of total demand. We're accelerating our transformation to a more digitally led business, which includes optimising our retail footprint,' Harper continued. For the second quarter (Q2) of FY25, Torrid projects sales between $250–$265 million and adjusted EBITDA of $18–$24 million. Full-year guidance includes net sales of $1.03–$1.055 billion and EBITDA of $95–$105 million. The retailer also announced plans to close up to 180 stores and pause its China-sourced shoe category, which is expected to result in a $40–$45 million revenue hit but no impact on EBITDA. 'We remain in a strong financial position and are executing with clarity and focus. I'm incredibly proud of our team's commitment to delivering innovative product, deepening customer connections, and building a more agile, resilient business for the future,' concluded Harper. Fibre2Fashion News Desk (HU)
Korea Herald
01-05-2025
- Entertainment
- Korea Herald
Super Junior's Sungmin signs with trot label Totalset after leaving SM Entertainment
Sungmin of Super Junior joined trot music agency Totalset just one day after his departure from longtime label SM Entertainment was announced. On Thursday, Totalset revealed that it had come to terms with the veteran K-pop singer. 'We have signed an exclusive contract with Sungmin. We plan to fully support him so that he can continue to receive great love from the public and actively promote as a trot singer,' the company said, in a statement. Sungmin first dipped a toe into the trot scene in 2022 through TV Chosun's second season of its competition 'Mr. Trot.' He released his trot debut single 'Lovesick' last year, showcasing a passionate side to his performance style. Most recently, he returned with the new single 'Yo. Yo. Yo.' establishing himself as a full-fledged trot artist. 'I truly love the genre of trot and I'm happy to have found a reliable agency where I can learn and grow,' Sungmin said in a statement. 'I ask for your support and interest as I continue to deliver joyful energy through my trot music.' Meanwhile, SM Entertainment expressed its gratitude to Sungmin for his time with the company. 'We thank Sungmin for being with us for over 20 years — from his trainee days to his time as an artist,' SM Entertainment said in a statement, Wednesday. 'We will continue to support his musical career and new journey.'
Yahoo
29-04-2025
- Entertainment
- Yahoo
Netflix's $1B Mexican Push Takes Shape: New Gael García Bernal Drama, Novel Adaptations, Comedy Series Unveiled
Netflix's $1B Mexican drive is taking shape with cameras rolling on four new series starring the likes of Gael García Bernal and Paulina Dávila. Meanwhile, another new show out of Mexico, Mal de Amores (Lovesick), the adaptation of Ángeles Mastretta's novel, has wrapped. Netflix boss Ted Sarandos said in Feb. that the streamer will splash $1B on Mexican originals over the next four years. The quartet of new series includes Santita starring Garcia Bernal and Dávila. It is billed as an unconventional love story about a woman forced to confront her life choices. From Panorama Entertainment, Rodrigo García directs. More from Deadline 'You' Showrunners Reveal Alternate Supernatural Ending To Series As Joe Realizes He's A Ghost: "Very Early Iteration" Netflix Developing Drama 'The 99'ers' On 1999 U.S. Women's National Soccer Team; 'Watchmen's Nicole Kassell To Direct Streamer Subscription Prices And Tiers - Everything To Know As Prices Increase And Ads Abound Love 9 To 5 is an office rom-com from Carolina Rivera, creator of Daughter from Another Mother. Produced by La Granja, it stars Diego Klein and Ana González Bello as workplace rivals. He is an entitled nepo baby and she is a star employee. They initially despise each other, but, per the rom-com rules, gradually uncover a deeper connection. I'm not Afraid is an Alebrije-produced adaptation of the renowned Italian novel by Niccolò Ammaniti. It will be directed by Ernesto Contreras and star Luis Alberti, Fátima Molina, Yoshira Escárrega, Humberto Busto and Leidi Gutierrez. The drama follows Miguel, a 10-year-old boy. He discovers a terrifying secret that shows him the cruelest and darkest side of adults, and notably his parents. Rounding out the four new series is another novel adaptation. Lemon Studios-produced Corruptors is based on Jorge Zepeda Patterson's book. It follows four inseparable friends who are thrown into turmoil when one of them posts a video connecting a senior politician with the murder of a famous Mexican actress. Netflix also said it has wrapped on Lovesick (Mal de Amores), the adaptation of the novel written by Ángeles Mastretta and directed by her daughter, Catalina Aguilar Mastretta. The new projects add to Mexican series already announced by Netflix for 2025 including: Snakes and Ladders, The Dead Girls, How to Win the Lottery, The Gringo Hunters, Unspeakable Sins and No One Saw Us Leave. 'We continue to expand the range of stories to be told, but always betting on their authenticity,' said Carolina Leconte, VP of Content for Netflix Mexico. 'To achieve this, we are investing even more resources and efforts in the development phase of these productions, because dedicating more time to this phase brings tremendous benefits for both creators and audiences.' Best of Deadline Everything We Know About 'The Phoenician Scheme' So Far Everything We Know About 'Another Simple Favor' So Far 'The Last Of Us': Differences Between HBO Series & Video Game Across Seasons 1 And 2
The Guardian
23-03-2025
- Entertainment
- The Guardian
‘It's nice to be morally dubious': Cheaters star Joshua McGuire on the hit show and his new role
For the past five weeks, Joshua McGuire has been in a whitewashed room in north London pretending to be a rhinoceros. The 37-year-old actor isn't in a performance art piece or strange social experiment, but rather starring in director Omar Elerian's new production of Eugene Ionèsco's 1959 absurdist play, Rhinoceros; it is his first stage role in seven years. 'It sounds mental but it's the theatre of the absurd, so it's meant to be baffling at points,' he says with a smile, back in human form in a white T-shirt and cap while on a break from rehearsals, where he is clearly enjoying taking on the story of a small French town whose inhabitants gradually turn into rhinos. If you have watched a British comedy over the past decade, it's likely you've seen McGuire in it. The endlessly energetic performer is usually found next to the leading man, sporting a frizz of curly hair and delivering anxious one-liners or slapstick pratfalls. He has featured in everything from Netflix series Lovesick to Richard Curtis's About Time and Emerald Fennell's Saltburn. On stage, meanwhile, he had his breakthrough in Laura Wade's 2010 satire on the British upper classes, Posh, playing a member of a fictionalised version of the Bullingdon Club, and has since starred opposite Daniel Radcliffe in David Leveaux's 50th anniversary production of Rosencrantz and Guildenstern Are Dead. 'I was a class clown so it's not surprising so many of my roles have been comedic,' he says, speaking in the quick nasal tone of his many characters. 'But in recent years the work has been getting darker, which is welcome, since it's nice to be morally dubious for once.' In 2022, McGuire starred as 'clever asshole' Chris Clarke in the Downing Street thriller Anatomy of a Scandal, while in Rhinoceros he is tackling material that has been read as a critique of postwar fascism, challenging the audience and its central character Bérenger to question how much people will believe and go along with – even if it means succumbing to a crash of rhinos bolting across the stage. 'The play is about groupthink and the dangers behind the ideas we might buy into,' McGuire says. 'You can read it as a comment on social media and how we can become indoctrinated to follow the crowd, even if we don't initially agree with where we're going. But ultimately it's the cast in a white box with no props – the audience can fill it with whatever they're seeing and that's the most confronting thing of all.' While his role as Jean in Rhinoceros sees him showing a darker side to his usual playfulness, it was McGuire's top billing in 2022's BBC series Cheaters that has done more than anything else to transform him from a sputtering sidekick into an unlikely leading man. Starring alongside Susan Wokoma, Cheaters sees McGuire playing Josh, a downtrodden sound engineer whose adulterous one-night stand with Fola (Wokoma) while on holiday ends up following him home when he realises she has just moved in across the road. 'I was drawn to Cheaters because everyone in it has committed some sort of betrayal but they're also empathetic and lovable,' he says. 'I really liked how Josh isn't macho or a gym guy but he's still shown in moments of passion and is working his way through the difficulties of a long-term relationship.' Created by Oliver Lyttelton, Cheaters features plenty of well-observed relational dynamics, as well as a lot of sex. In the 18 10-minute episodes of series one, characters masturbate, get naked, perform oral sex and experience several orgasms. 'It was my first experience doing intimate scenes on screen and it was such a gift to be performing alongside Susie [Wokoma], not least because we were both at Rada together in the same year, so I've known her for ever,' he says. 'We would be in bed almost totally naked, surrounded by 20 crew putting up lights, and we would just be chatting about which mutual friends we had seen recently.' The show became a sleeper hit and a second series came out last year. With the increased popularity, though, it must have been a challenge to prepare his family for the show's steamy content? 'I had to tell my mum that there was nudity in episode one and that it arrives pretty fast,' McGuire laughs. 'It's like five minutes in and bam – there's my full bum out! There was no easy way to tell her that but she's seen it all and she's proud of me.' Growing up in Warwick as the youngest of three siblings, McGuire fell into acting seemingly by accident. 'I didn't have a particularly thespy family since my mum's a paediatric nurse and my dad worked for IBM,' he says. 'We were only a 10-minute drive from the RSC in Stratford-on-Avon though and my mum would always take me to see new productions – both the good ones and the not so good.' In 2001, at 13, McGuire was cast as one of the young actors in Gregory Doran's King John at the RSC and soon caught the bug for performance. 'They would just get local boys from the nearby schools to fill in as the young parts for some of the RSC performances and I thought it would be a fun thing to do,' he says. 'I was suddenly part of this mad world where people were getting paid to have fun every night and then going for drinks afterwards. I was enchanted and to this day whenever I smell incense it takes me right back to the Swan stage and the cardinal in the play swinging his censer across the boards.' Getting into Rada at 19, McGuire joined a mightily talented cohort, including Wokoma, Daisy May Cooper, James Norton, Cynthia Erivo and Phoebe Fox. 'It was a magic time because from 10am to 6pm each day you'd just be playing and discovering,' he says. 'I would laugh at what my older brother might have thought if he could see me spending all day being water or jelly.' In his final year, McGuire was cast with Norton to play members of the riot club in Wade's Royal Court send-up of the Oxbridge Tory elite, Posh. 'His talent was immediately evident,' Observer theatre critic Susannah Clapp says of his performance in the ensemble. 'He gleamed in an excellent cast and has since been a good picker of good plays – rumpled in James Graham's Privacy (2014) and garrulous and bossy in Rosencrantz and Guildenstern Are Dead.' While McGuire says his experience of Posh was overwhelmingly positive – 'I thought all jobs would be as fun, as popular and as pertinent to the moment as that' – future stage roles were less straightforward. 'I had the opening line of Rosencrantz and Guildenstern Are Dead and one night I began it by skipping the first two pages of the script entirely,' he laughs, head in his hands. 'It's like suddenly thinking about walking and you trip up. Thankfully, I don't think anyone noticed because Dan [Radcliffe] is so famous that for the first five minutes of that show at least, no one was looking at me.' Does he wish his career had taken off to similar heights, rather than largely being known for supporting roles? 'God no. I have mates who have lost all anonymity and it's really tough, especially if you have kids,' he says. 'I have a two-year-old son now and I love being able to go to work but then also come home, put him to bed and leave it all at the door.' In 2022, McGuire married actor Amy Morgan and the pair share parental responsibilities in their London home alongside their work. 'We're living the dream because we've been able to work and have our boy and not really sacrifice any roles,' he says. 'It does take a village and we're very lucky to have so many friends and grannies around for babysitting!' At least McGuire's current rehearsal schedule means he can be home for bedtime and once the play's run begins he can spend the day with his son instead. 'As a dad, this show takes on another resonance, thinking about how social media groupthink might affect his life in the future,' he says. 'But he can't even read yet so there's no use worrying too much – I'm more desperate instead to be in one of those Julia Donaldson Christmas adaptations, which he might just about understand!' Until then, it's a welcome return for McGuire to the London stage, bringing his comedic excitement and recently showcased vulnerability to both rhinoceros and human beings. Rhinoceros runs at the Almeida, London N1 from Tuesday 25 March to 26 April
