Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are "unacceptably high fees" and that customers have other payment options to shop online. It's a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it's not the first time merchants have voiced opposition to AmEx's business practices by walking away, most notably the warehouse chain Costco nearly ...

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11 10 01 L th d g - 11 BB adamdodd AXP stock trades near all-time-high prices Stockholders of American Express Company (NYSE:AXP) have been rewarded handsomely recently. As illustrated by the chart below, the stock has enjoyed a price advancement of nearly 50% in the past 12 months alone, far outpacing the S&P 500's (SP500) ~30% gain (which is already terrific by itself). Looking ahead, there are certainly several reasons to keep the momentum going. The top factor in my mind is its customer base. AXP's stro ...

Rixipix Investment Thesis American Express (NYSE:AXP)'s stock price has increased by 37% since my last report in December, which I believe was caused by their improved dynamics with Amex consumers and appealing well to the preferences of younger generations, especially Gen Z. Comparing this generation to others, the one thing that stands out to me most is their valuation of unique experiences. With some of the features provided by Amex, I am confident the Amex card will be a crucial player in facilitating t ...

Simon could complete an Express deal despite diluting some other retail stakes. (AP Photo/Ross D. ... [+] Franklin, File)Copyright 2020 The Associated Press. All rights reservedU.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion.That put Simon’s total proceeds for what was, at its highest, a 12% stake in Authentic at $1.45 billion over the past two quarters. af ...

Express, Inc.’s New Boss Is a Retail Branding MavenShutterstockThe bankruptcy of apparel retailer Express, Inc. was long in coming and widely anticipated. Like the year-ago wreck of Bed Bath & Beyond (BB&B), the Express story sounded familiar at first–Wall Street vulture capitalists plundering another debt-hobbled enterprise.In the case of BB&B, the untapped value was not in the brand. Overstock bought it for only $21.5 million. The fat and fast profit was in liquidating the real estate assets, estimated to ...

Express Closes 100 Stores, Goes Bankrupt Kim Grosz / iStock via Getty Images The operator of Express, Express Factory Outlets, Bonobos, and UpWest stores has filed Chapter 11. It will close 95 Express locations and all of its UpWest locations, leaving it with about 400 locations. It joins a long line of struggling retailers, including Macy’s, which has recently shuttered locations.Reuters states, “Launched in 1980, Express has been battling with soft consumer demand due to slowing spending patterns and in ...

With young consumers’ fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up.The fast-fashion company, which in addition to its self-titled retail chain also owns Bonobos and UpWest, announced Monday (April 22) that it has filed for Chapter 11 bankruptcy and that it plans to close more than 100 stores (95 Express locations and all UpWest locations). The retailer stated that it received a letter from a group led by WHP Global, with Simon Property ...

Express will permanently close the doors of over 100 stores across two of its brands. The planned store closures came amid the clothing retailer’s larger announcement on Monday that it had submitted a petition for Chapter 11 bankruptcy.It asked the U.S. Bankruptcy Court for the District of Delaware to combine its bankruptcy case with those of certain subsidiaries that also sought protection. The company plans on "continuing to serve customers in store and online across its Express, Bonobos and UpWest brands ...

Express was founded in 1980 by Les Wexner’s Limited Brands, but has fallen on hard times with a ... [+] fickle consumer and stiff competition (AP Photo/Bebeto Matthews)Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Express, a multi-brand fashion retailer whose portfolio includes Express Express , Bonobos, and UpWest, has filed for Chapter 11 bankruptcy and intends to close more than 100 stores. The move, ...