Apparel retailer Express may file for bankruptcy as soon as next week, Bloomberg News reports [Reuters]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Reuters
The company has asked its lenders for funds to help finance a potential Chapter 11 bankruptcy process, the report further said, adding that the preparations to file for bankruptcy are not final and that the plans could change. Express did not immediately respond to a Reuters request for comment. Launched in 1980, Express Inc has a multi-brand portfolio, including Express, Bonobos and UpWest. The company has been battling with soft consumer demand due to slowing spending patterns and increased price sensitivity in discretionary categories. Express had said in November it would continue to conduct a comprehensive review of its business model to induce cost-cutting strategies. In March, the New York Stock Exchange said , opens new tab it would commence delisting proceedings against the apparel retailer, meaning its common stock would no longer be traded. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Grant
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News
- Stagflation Is Back [Seeking Alpha]Seeking Alpha
- 2024's Retail Distress List is Growing, Experts Say [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
EXPR
Earnings
- 11/30/23 - Miss
EXPR
Sec Filings
- 4/26/24 - Form 3
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- EXPR's page on the SEC website