2024's Retail Distress List is Growing, Experts Say [Yahoo! Finance]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Yahoo! Finance
A U.S. Distressed and Default Monitor report for March 2024 from Fitch Ratings noted that corporate defaults are on the rise due to leverage and looming debt maturities. While BDO restructuring expert David Berliner believes that 2024 won't be a big year for fashion retail bankruptcies, he thinks retailers that are already struggling could find themselves running out of options as going-concern companies. More from Sourcing Journal Rent the Runway Stock Surge Shows Investors' Penchant for AI Report: Express Moving Closer to Bankruptcy Filing Asos, Boohoo Pledge to Stop Greenwashing Following CMA Investigation That was the case for JoAnn Fabrics, which filed for Chapter 11 bankruptcy court protection last month. Also in struggle mode for the last few years was 99 Cents Store Only , which earlier this month said it would shut down and liquidate. The 99 Cents parent Number Holdings Inc. subsequently filed a Chapter 11 petition to effect an orderly wind down of operations. Cour
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EXPR
News
- Express' troubles lead to job cuts at Bath & Body Works affiliate [Yahoo! Finance]Yahoo! Finance
- Express files for bankruptcy; closing more than 100 stores [CNN]CNN
- Express bankruptcy means 95 store closures in 30 states and DC: Here are the numbers [FOX Business Network]FOX Business Network
- Retailer Express files for Chapter 11 bankruptcy protection [FOX Business Network]FOX Business Network
- Express files for bankruptcy; closing more than 100 stores [Yahoo! Finance]Yahoo! Finance
EXPR
Earnings
- 11/30/23 - Miss
EXPR
Sec Filings
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- 3/6/24 - Form 8-K
- EXPR's page on the SEC website