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Express will permanently close more than 100 stores covering both brands.
The plans to close stores come as the apparel retailer made a bigger announcement Monday, saying it has filed for Chapter 11 bankruptcy.
It has asked the U.S. Bankruptcy Court in Delaware to consolidate its bankruptcy case with some subsidiaries that are also seeking protection.
The company plans to “continue to serve customers in-store and online through the Express, Bonobos and Upwest brands, and expects to continue business as usual while the company works to right-size its rental portfolio and operations,” according to a press release.
Retailers Express File for Chapter 11 Bankruptcy Protection
Most of the closures (95) will affect the Express brand.
March 7, 2023, American Dream Express Store in East Rutherford, New Jersey. (Eugene Golgusky/Express Inc./Getty Images)
In recent years, Express has “experienced a challenging business environment as a result of broader economic and retail-specific market pressures,” according to a bankruptcy-related filing.
The retailer said it would “continue to assess its store footprint as relevant to the insolvency proceedings”.
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It also said WHP Global and other companies had sent it a “non-committal” letter of intent to potentially buy “substantial” assets.
95 Express stores in 30 states and Washington, DC are closing
Express said its customers will see a total of 95 Express locations close across the country. Here are the states and the number of store closures in each state:
- California – 16
- New York – 11
- New Jersey – 7
- Texas, Florida – 5
- Connecticut, Georgia, Illinois – 4
- Colorado, Iowa, Maryland, Massachusetts – 3
- Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Virginia, Washington, Wisconsin – 2
- Arizona, District of Columbia, Hawaii, Louisiana, Minnesota, Missouri, Nebraska, New Hampshire, Nevada, Rhode Island, Tennessee – 1
The retailer said it “continues to evaluate its store footprint in connection with the bankruptcy process.” (Eugene Golgusky/Express Inc./Getty Images)
Up-west locations are also on the chopping block
In addition to those 95 stores, all Express-owned Upwest stores will cease operations, the company said Monday. It lists 10 different UpWest locations online.
They are located in eight states (Illinois, New York, Minnesota, California, Massachusetts, Virginia, Colorado, and Washington) and the District of Columbia.
The company launched the brand in 2019.
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