What 99 Cents Shutdown Says About the Retail Landscape [Yahoo! Finance]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: Yahoo! Finance
And there are reports that the struggling chain Express Inc. appears to be close to a possible Chapter 11 filing. More from Sourcing Journal Near-Bankrupt Outdoor Voices Sued for $2.5 Million By Jilted Supplier Branding and Product Innovation Give Private Labels a Boost Stay or Go? What Factors Impact a Store Associate's Loyalty Meanwhile, retailers who have the wherewithal to make meaningful changes to their store model have been eyeing smaller stores, a move that can help them better resonate with consumers in the local markets. 99 Cents Only Stores The banner has been struggling financially for years, and its shutdown is a reflection of the difficulties in operating in the current retail backdrop when cash flow is a problem, inflation remains high and bargain-hunting consumers are perpetually counting their pennies. “This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” Mike Simoncic, 99 Cents' interim CEO, said on Thursda
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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