Express bankruptcy means 95 store closures in 30 states and DC: Here are the numbers [FOX Business Network]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: FOX Business Network
Express will permanently close the doors of over 100 stores across two of its brands. The planned store closures came amid the clothing retailer's larger announcement on Monday that it had submitted a petition for Chapter 11 bankruptcy It asked the U.S. Bankruptcy Court for the District of Delaware to combine its bankruptcy case with those of certain subsidiaries that also sought protection. The company plans on "continuing to serve customers in store and online across its Express, Bonobos and UpWest brands and expects to conduct business as usual as the company works to right-size its lease portfolio and operations," according to a press release. The bulk of the closures – 95 – will affect the Express brand. Express has "faced a challenging commercial environment brought on by both broader economic and retail-specific market pressures" in recent years, according to a bankruptcy-related filing. The retailer indicated it "will continue to assess its store footprint in conn
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News
- Rue21's 3rd Bankruptcy Tour Will See 540 Stores Shut [Yahoo! Finance]Yahoo! Finance
- 2024's Retail Distress List is Growing, Experts Say [Yahoo! Finance]Yahoo! Finance
- Express files for bankruptcy; closing more than 100 stores [CNN]CNN
- 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