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Express bankruptcy means 95 store closures in 30 states and DC: Here are the numbers
Fox Business· 2024-04-22 21:01
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 Takes A Detour Into Bankruptcy, Will Close Over 100 Stores
Forbes· 2024-04-22 20:19
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 This material may not be published, broadcast, rewritten or redistributed without permission.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, ...
Retailer Express files for Chapter 11 bankruptcy protection
Fox Business· 2024-04-22 17:05
Apparel retailer Express Inc. on Monday filed for Chapter 11 bankruptcy protection. Express said in a press release that it was "continuing to serve customers in stores and online across its Express, Bonobos and UpWest Brads and expects to conduct business as usual as the company works to right-size its lease portfolio and operations."Brand management firm WHP Global and others on Monday sent Express a non-binding letter of intent to possibly buy a "substantial majority" of its operations. The bankruptcy fi ...
Express files for Chapter 11 bankruptcy, plans to close more than 100 stores
New York Post· 2024-04-22 15:46
Fashion retailer Express filed for Chapter 11 bankruptcy protection Monday — and the mall staple said it is looking to sell off the majority of its stores.Columbus, Ohio-based Express, which is also the parent of Bonbons and Upwest brands, is shuttering a handful of its operations in the process. In an announcement the bankruptcy filing, the company said it planned to close 95 of its Express retail stores and all UpWest stores.Closing sales at these locations, which were not immediately specified, are set t ...
Is Express (EXPR) Stock on the Brink of Death
InvestorPlace· 2024-04-03 15:48
Today, warning bells may be signaling the end of the line for another struggling retail chain. Express (OTCMKTS:EXPR) has been struggling for months, so much so that it lost its place on the New York Stock Exchange earlier this month. When a company moves to trading over the counter after being delisted, it is often the beginning of the end. In the case of EXPR stock, that definitely seems to be the case. Reports indicate that the fashion retailer is taking steps to file for Chapter 11 bankruptcy as soon as ...
EXPR Stock Alert: The New York Stock Exchange Has Delisted Express
InvestorPlace· 2024-03-08 20:03
Express (OTCMKTS:EXPR) has now officially been de-listed from the NYSE, with shares of EXPR stock now trading on the over-the-counter market. This process began on Wednesday, and as the company reported in a press release, investors will still be able to invest in the company, though many don’t seem to be willing to do so. Shares of EXPR stock are trading about 10% lower in today’s session as investors look to continue to take a bearish stance on this fashion retailer.On a year-to-date basis, EXPR stock is ...
EXPR Stock Alert: Is Express About to File for Bankruptcy?
InvestorPlace· 2024-02-13 19:14
Apparel retailer Express (NYSE:EXPR) — which focuses on business casual attire — is on the ropes amid insider whispers of a debt restructuring initiative. People with knowledge of the matter note that one of the courses of action could involve filing for bankruptcy. If so, the filing could happen within weeks, sending EXPR stock plummeting.According to The Wall Street Journal, the insiders stated that the Ohio-based retailer hired restructuring advisor M3 and law firm Kirkland & Ellis. At the core of the ma ...
Express(EXPR) - 2023 Q3 - Earnings Call Transcript
2023-11-30 17:55
Express, Inc. (NYSE:EXPR) Q3 2023 Earnings Conference Call November 30, 2023 9:00 AM ET Company Participants Greg Johnson - Vice President, Investor Relations Stewart Glendinning - Chief Executive Officer Mark Still - Interim Chief Financial Officer Michael Rangel - Chief Merchandising Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Eric Beder - SCC Research Marni Shapiro - Retail Tracker Operator Good morning. My name is Krista, and I’ll be your conference operator today. At this t ...
Express(EXPR) - 2023 Q2 - Earnings Call Transcript
2023-09-06 15:38
Express Inc. (NYSE:EXPR) Q2 2023 Earnings Conference Call September 6, 2023 8:30 AM ET Company Participants Tim Baxter - Chief Executive Officer Jason Judd - Senior Vice President, Chief Financial Officer Greg Johnson - Vice President, Investor Relations Conference Call Participants Dana Telsey - Telsey Advisory Group Eric Beder - Small Cap Consumer Research Marni Shapiro - Retail Tracker Operator Good morning. My name is Jean Louis and I will be your conference operator today. I would like to welcome every ...
Express(EXPR) - 2023 Q1 - Earnings Call Transcript
2023-05-24 15:05
Express, Inc. (NYSE:EXPR) Q1 2023 Results Conference Call May 24, 2023 8:00 AM ET Company Participants Greg Johnson - VP of IR Tim Baxter - CEO and Director Jason Judd - Senior VP, CFO and Treasurer Conference Call Participants Marni Shapiro - Retail Tracker Eric Beder - SCC Research Dana Telsey - Telsey Operator Good morning. My name is Rob, and I will be your conference operator today. I would like to welcome everyone to the Express, Inc Conference Call to discuss our First Quarter 2023 Earnings. All line ...