Clothing retailer Express announced Monday that it is filing for Chapter 11 bankruptcy and will be closing 95 of its locations throughout the United States.
The company stated that these locations will begin holding clearance sales on Tuesday. Express also announced that all five of its UpWest stores will be closing.
Express said that a consortium led by WHP Global is planning to acquire a majority stake in the retailer as part of the bankruptcy process. The company added that it has received $35 million in new financing from existing lenders, in addition to $49 million it received from the Internal Revenue Service through CARES Act funding.
“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations,” said Stewart Glendinning, CEO of Express. “We are taking an important step that will strengthen our financial position and allow Express to continue advancing our business initiatives. WHP has been a strong partner to the Company since 2023, and the proposed transaction will provide us with additional financial resources, better position the business for profitable growth and maximize value for our stakeholders.”
Express confirmed that its remaining locations will maintain their current hours of operation. Gift cards will still be accepted, and there will be no changes to the company’s return policy.
Express operates more than 500 locations across the U.S., approximately 200 of which are outlet stores. The following is a list of stores that will be closed, according to the company’s bankruptcy filing:
[List of closing stores]
