Express Inc., a beloved clothing retailer, has filed for Chapter 11 bankruptcy protection and will be closing 95 stores. The store closures will begin on Tuesday, and will also include all 10 of its UpWest stores. The company announced the news on Monday, stating that it had been struggling with declining sales and profitability. Express has been facing competition from both online retailers and other brick-and-mortar stores. The company hopes that the bankruptcy filing will allow it to restructure its debt and emerge from bankruptcy as a stronger company. However, it is unclear at this time how many employees will be affected by the store closures.
Express Clothing Retailer Files for Bankruptcy, Closing 95 Stores
