What Sent Express 11% Lower Tuesday? [The Motley Fool]
Express, Inc. (EXPR)
Last express, inc. earnings: 3/11 06:45 am
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Source: The Motley Fool
What Sent Express 11% Lower Tuesday? Markets decline despite a rate cut, but here's what the fashion retailer's investors should focus on. Shares of Express, Inc . ( NYSE:EXPR ) , a fashion apparel retailer, dropped nearly 11% Tuesday after the markets had another down day even though the Federal Reserve took an emergency step of cutting the benchmark U.S. interest rate by half a percentage point. It's always difficult to predict how stocks will react. On one hand, when the Fed cuts rates, it generally sparks some optimism that it will fuel the economy, and thus boost stocks. On the other hand, it also generally means that the economy is shaky. Our economy is far away from the perilous conditions we saw in 2008, but uncertainty and fear are accelerating as the number of COVID-19 cases increases. Express already had plenty of challenges, including the disruption of e-commerce and weaker mall and store traffic, as it heads into its March 11 fourth-quarter earnings call. And while the ra
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EXPR
News
- Express' troubles lead to job cuts at Bath & Body Works affiliate [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
- 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
- 4/22/24 - Form 8-K
- 3/14/24 - Form 25-NSE
- 3/6/24 - Form 8-K
- EXPR's page on the SEC website