Express closing more than 100 stores after filing for bankruptcy

Express Files For Bankruptcy Nouvelles

Express closing more than 100 stores after filing for bankruptcy
Express ClosingExpress Stores ClosingUpwest Closing
  • 📰 6abc
  • ⏱ Reading Time:
  • 40 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

The company plans to close 95 Express locations (it operates more than 500 in the US) and all UpWest locations with closing sales at those stores set to begin on April 23.

Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited.

The company operates Express, Express factory outlets, Bonobos and UpWest stores under its corporate umbrella and said in a release Monday that it plans to close 95 Express locations and all UpWest locations with closing sales at those stores set to begin on April 23. "With the company struggling to gain traction with consumers, it has been obvious for quite some time that bankruptcy was the inevitable destination for Express," Neil Saunders, managing director of GlobalData, said in a note Monday.

At the same time, according to Saunders, the retailer was punished with poor sales because its products were overpriced and bland as compared to its competitors. "As a result, the Express brand itself has become less relevant to shoppers," he said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

6abc /  🏆 250. in US

Express Closing Express Stores Closing Upwest Closing Express Closing Stores Upwest Clothing Express

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Trading the Giants: Strategies for the S&P 500, Nasdaq 100, FTSE 100, and DAX 40Trading the Giants: Strategies for the S&P 500, Nasdaq 100, FTSE 100, and DAX 40Stock market indices form the backbone of global investing, providing a way to track the performance of entire economies or sectors. Among the most heavily traded indices are the S&P 500 (US), Nasdaq 100 (US tech), FTSE 100 (UK), and DAX 40 (Germany).
Lire la suite »

​​​DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 Mark​​​DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 Mark​​Outlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Lire la suite »

DAX 40 makes yet another record high, FTSE 100 nears 8,000 mark while S&P 500 slips​​​DAX 40 makes yet another record high, FTSE 100 nears 8,000 mark while S&P 500 slips​​​​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of Friday’s Fed PCE inflation reading.
Lire la suite »

DAX 40, S&P 500 Come off Record Highs, FTSE 100 off the 8,000 Region​​​DAX 40, S&P 500 Come off Record Highs, FTSE 100 off the 8,000 Region​​​​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of Friday’s US non-farm payrolls.
Lire la suite »

Prospect Theory in Action as S&P 500 Drops 100 PointsProspect Theory in Action as S&P 500 Drops 100 PointsThe S&P 500 experienced a significant drop in the final hours of trading, reflecting the prospect theory's idea that the pain of a loss is greater than the expectation of a gain. President Biden calls for a ceasefire in Gaza and more protection for aid workers. Bond prices rise, yields decline, and oil rallies. Neel Kashkari questions the need for rate cuts if inflation remains stable. Despite the decline, the S&P 500 is still close to last week's record highs.
Lire la suite »

S&P 500, Nasdaq 100 Attempt Bounce Off of Resistances: Key Levels to WatchS&P 500, Nasdaq 100 Attempt Bounce Off of Resistances: Key Levels to WatchStocks Analysis by Investing.com (Damian Nowiszewski) covering: Nasdaq 100, S&P 500. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Lire la suite »



Render Time: 2025-02-27 03:24:35