Express Files for Bankruptcy as Gen Z Shoppers Redefine Fast Fashion

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 ...