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Stock impact report

2024's Retail Distress List is Growing, Experts Say [Yahoo! Finance]

Express, Inc. (EXPR) 
Last express, inc. earnings: 3/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cloud.express.com
Company Research 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 Show less Read more
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