Toric orbifolds are a topological generalization of projective toric varieties associated to simplicial fans. We introduce some sufficient conditions on the combinatorial data associated to a toric orbifold to ensure the existence of an invariant cell structure on it and call such a toric orbifold retractable. In this paper, our main goal is to study equivariant cohomology theories of retractable toric orbifolds. Our results extend the corresponding results on divisive weighted projective spaces.