v3.26.1
Subsequent Events
6 Months Ended
Aug. 01, 2026
Subsequent Events [Abstract]  
Subsequent Events
Note 13. Subsequent Events
Hot Topic Sale
On September 2, 2026, Spencer Spirit Holdings, Inc. completed its acquisition of Hot Topic and its portfolio of brands from Sycamore, pursuant to a definitive agreement entered into on August 6, 2026 (the “Sale”). Upon closing of the Sale, Hot Topic ceased to be controlled by Sycamore and, accordingly, ceased to be a related party of Torrid. Our existing Amended and Restated Services Agreement with Hot Topic described in “Note 5—Related Party Transactions” remains in place following the Sale, and we do not believe the Sale will have a material impact on, or cause any material disruption to, our business, financial condition, results of operations, or cash flows. The Sale did not result in any recognized adjustment to the amounts reported in these condensed consolidated financial statements as of and for the three- and six-month periods ended August 1, 2026. We will continue to evaluate whether any transactions with Hot Topic occurring after the Sale may materially impact us.