BELOW SUPERNAV drop zone ⇩

These 95 Express stores are set to close amid bankruptcy: court docs

MAIN AREA TOP drop zone ⇩

(KRON) – Closing sales have begun at 95 Express stores across more than 30 states following the clothing retailer’s bankruptcy filing.

Ohio-based Express Inc. was founded in 1980. It was once a trendsetter of casual office attire, but has struggled to compete with the likes of Zara and H&M, and has now filed for Chapter 11 bankruptcy protection.

Express revealed the company received a non-binding letter of intent from a consortium led by WHP Global to potentially purchase the majority of its stores. According to Express, the bankruptcy filing was to “facilitate the sale process.”

Express, which is the parent of the Bonobos and UpWest brands, said it plans to close 95 of its Express retail stores and all 10 of its UpWest stores.

The locations slated to close, listed in court filings, can be found in the table below:

For best viewing on mobile, turn your device horizontally. Still unable to view the table? Click here.

Closing sales at locations being shut down began Tuesday. Beyond these closures, Express said that it expects to conduct business as usual.

Beyond its UpWest storefronts, the company operates about 530 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, in addition to roughly 60 Bonobos Guideshop locations as well as online operations for these brands, according to Express’ website.

Express reported nearly $1.2 billion in total debts and $1.3 billion in total assets as of March 2 in its Chapter 11 petition, which was filed in U.S. Bankruptcy Court for the District of Delaware.

The Associated Press contributed to this report.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

60°F Sunny Feels like 60°
Wind
4 mph ESE
Humidity
55%
Sunrise
Sunset

Tonight

Partly cloudy this evening, then becoming cloudy after midnight. Low 48F. Winds light and variable.
48°F Partly cloudy this evening, then becoming cloudy after midnight. Low 48F. Winds light and variable.
Wind
4 mph N
Precip
2%
Sunset
Moon Phase
Waning Crescent