Express Closes 100 Stores, Goes Bankrupt
Express(EXPR) 24/7 Wall Street·2024-04-23 10:40
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 ...