Express, a popular retail store chain, has filed for Chapter 11 bankruptcy protection and will be closing 95 stores across the United States, including two locations in the Bay Area: Santa Clara and Emeryville. The closures are expected to begin on Tuesday and will impact a total of 16 stores in California.
American fashion retailer Express Inc. filed for bankruptcy on Monday and announced plans to close over 100 store locations nationwide. The company, headquartered in Columbus, Ohio, cited financial challenges and the impact of the COVID-19 pandemic on its decision. Express will close about 95 of its 530 Express stores and all 10 of its UpWest Express stores in the U.S., with store closing sales beginning Tuesday. The company emphasized its commitment to its customers and the strength of its omnichannel platform.
National discount retailer Ollie’s Bargain Outlet is set to open a new store in Jackson, Michigan, in August 2023. The store will be located in the former Party City building at 1510 N. West Ave. Ollie’s specializes in selling brand-name closeout merchandise at up to 70% off regular prices. The Jackson store will be the 22nd location in Michigan and will employ between 40 and 50 people.
Retailer Express Inc., parent of Bonobos and UpWest, has filed for Chapter 11 bankruptcy and plans to close approximately 95 retail stores, including all UpWest locations. The company currently has 530 Express stores in operation, with an additional presence in Mexico and Central America.
Popular retailer Express Inc., which has operated a store in the Staten Island Mall for years, has filed for bankruptcy. The company announced plans to close more than 100 locations as part of a restructuring effort.
Express, a longtime mall retailer, filed for Chapter 11 bankruptcy protection and plans to close stores. The company had faced financial distress and declining sales. A group of investors led by WHP Global is looking to acquire the company through a sale process. The bankruptcy will provide Express with relief and allow it to implement its turnaround strategy, including closing costly leases and improving financial performance.
