The stores closing this month are in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Illinois, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas and Virginia.
The store closings are part of a strategy to reduce costs and to help revive the brand, which sells trendy clothes geared toward a millennial audience looking for everything from workwear to outfits for a casual date night. "This will, of course, take some time, but we have a clear path," CEO Tim Baxter said in a statement.
Sales for the fourth quarter, which will be reported to investors on March 9, are expected to be down 3%, according to guidance released by the company.Express is the latest in a line of mall mainstays that have had to close stores to reduce costs, while also keeping a focus on growing their sales. Earlier this month, Macy's announced it will
TODAYshow Thanks Amazon.....😒
TODAYshow Not surprised. I’ve shopped there for over 20 years and over the last few their clothes turned to crap. At least their dress pants. Paid $60 a pair and they can’t hold their hem.
TODAYshow How many people will lose their jobs?
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