Fashion

Express to close more than 100 fashion stores in the United States

American fashion retailer Express Inc. filed for bankruptcy on Monday and announced plans to close more than 100 stores across the United States.

Express, headquartered in Columbus, Ohio, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The retailer, whose portfolio also includes Bonobos and UpWest Express, will close approximately 95 of its 530 Express stores and 10 UpWest Express stores in the United States, according to a report. Press release. The company did not immediately say which Express stores would close.

Store closing sales will begin on Tuesday.

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Express has a strong brand portfolio and a leading omnichannel platform. Our top priority remains providing our customers with the contemporary styles and value they expect from us, Steward Glendinning, CEO of Express, said in the release. We thank our associates for their continued hard work and commitment, and we appreciate the continued support of our vendors, suppliers and business partners.

Express posted an operating loss of $28.7 million in its last publication of third quarter 2023 results.

Sources

1/ https://Google.com/

2/ https://www.cleveland.com/news/2024/04/express-to-close-over-100-fashion-stores-across-us.html

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