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The Weekly Closeout: Torrid CFO exits and Belk secures financing

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The Weekly Closeout: Torrid CFO exits and Belk secures financing

Paula Dempsey will leave the apparel retailer next month. The department store, meanwhile, will use some of its new funds for seasonal inventory.

It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about.

From the world’s largest cowboy hat to rising childcare costs, here’s our closeout for the week.

Torrid Chief Financial Officer Paula Dempsey will exit to pursue a new opportunity, the apparel retailer announced Monday. She worked at the retailer for just under four years after leaving Mattress Firm, per LinkedIn.

While Dempsey will remain in the role through mid-November to support a transition, Torrid has named Will Langley as interim CFO, effective Wednesday. Langley comes from Belk where he worked for about 20 years until 2025.

“I am excited to welcome Will to Torrid,” CEO Lisa Harper said in a statement. “He is a seasoned finance leader whose breadth of experience and strategic contributions at Belk make him well suited to guide our finance organization. Having worked with Will for many years, I look forward to the perspective he will bring to Torrid as we continue to execute on our priorities.”

The latest iteration of Foot Locker’s “Hoops Lives Here” campaign went live this week, starring NBA player Cooper Flagg. In the spot, Flagg helps out Foot Locker store associates by stocking the store with the latest releases from his brand sponsor, New Balance.


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