Express files for bankruptcy, plans to close nearly 100 stores [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
A source of modestly priced outfits for more than 40 years, closing sales begin on Tuesday at around 95 of the company stores, including all of its UpWest locations, Express said in a statement The company operates some 530 Express retail and Express Factory Outlet stores in the U.S. and a dozen UpWest stores, according to its website. Revenue at Express has cratered in recent years, with the company's latest results showing sales down nearly 10% from the same period in 2019, noted Neil Saunders, managing director of GlobalData. The company's woes are not entirely of its own making, according to Saunders. "The formal and smart casual market for both men and women has softened over recent years because of a rise from working from home and the casualization of fashion. This puts Express firmly on the wrong side of trends and, in our view, the chain made too little effort to adapt," he stated. Still, poor decisions worsened its problems, said Saunders, who cited the fashion reta
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SPG
Earnings
- 2/5/24 - Beat
SPG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SPG's page on the SEC website