HOT MESS EXPRESS
Full list of 100 Express stores closing down from today as mass shutdowns leave shopping malls close to extinction
The company plans to continue conducting business as usual
CLOTHING company Express has announced which states will have closures as the store files for bankruptcy.
The bankruptcy filing was announced on Monday.
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Express has confirmed that 95 of its 553 stores will shut down as well as all 10 UpWest locations, according to the bankruptcy documents.
Customers can expect store closures in the following states:
- 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, Tennesee - 1
Stores affected by the mass closures have started sales while opening hours stay the same.
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Customers can get 40% off everything across men's and women's apparel if they shop online.
Closing UpWest locations can be found in Illinois, New York, Minnesota, California, Massachusetts, Virginia, Colorado, Washington, and the District of Columbia.
The company also owns Bonobos, another clothing store, but has not announced any plans to close locations.
Though closures are impending, the company plans to "conduct business as usual," according to Monday's press release.
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"We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations," said Stewart Glendinning, Chief Executive Officer, according to the press release.
"We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives. WHP Global has been a strong partner to the Company since 2023, and the proposed transaction will provide us additional financial resources, better position the business for profitable growth and maximize value for our stakeholders."
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Glendinning added: "Our top priority remains providing our customers with the contemporary styles and value they expect from us."
The bankruptcy comes after Express received $49 million from the IRS through the CARES Act related to the pandemic.
CUSTOMER UPSET
Express customers have shared their reactions to the closures on social media.
"Another domino drops in the retail world," wrote one user on X, formerly known as Twitter.
How does bankruptcy work?
Bankruptcy is a specific legal process that helps companies eliminate debt they can't repay.
The process allows businesses to start fresh and gain access to new credit.
Supervised by federal courts, bankruptcies allow a company to sell off its assets more easily to pay off creditors, according to Investopedia.
Chapter 11, a common process for companies, is used to restructure a business with the goal of remaining open - even if it means selling off most of the company's properties.
"What is going on? Express bankrupt," posted a confused shopper.
"So sad. They have the best jeans," wrote a third.
Other shoppers commented on the most recent Instagram post by the company.
"Dear Express, I hope you recover. I've been a customer for more than 15 years. Love your clothes. Big hugs from Costa Rica," wrote a longtime shopper.
"Longtime customer of Express! I hope you recover. I agree that in the last couple of years, you guys have lost the mark on the more trendier items, but your staple items are still amazing!!" they remarked.
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"@express please find a solution you guys sell decent clothes. Can't believe y'all [are bankrupt] I've been a customer for more than 10 years," said another.
Many malls have been closing across the country as department stores shut their doors including the Monmouth Mall in New Jersey that was once home to a massive Lord & Taylor.
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