Search
Press "Enter" to search and "ESC" to close.

Express to close 95 stores, including 4 in Georgia

2024-05-02T21:43:43+00:00
Suscríbete a Nuestro Boletín
Recibe por email las noticias más destacadas
Express closes locations, Georgia, United States, Retail, Company, News- Express cierra ubicaciones, Georgia, Estados Unidos, Minorista, Empresa, Noticia
Express closes stores across the U.S. (Photo: Shutterstock)
  • Express closes stores across the U.S.
  • The retailer filed for bankruptcy.
  • Employees and customers are shocked.

Express shoppers are facing shocking news as the company is preparing to close around 95 stores.

This follows its Chapter 11 bankruptcy filing, sparking a wave of uncertainty and concern among its loyal customers.

Express customers are dismayed upon learning about the plans to close numerous stores.

Before you continue reading, we invite you to listen to the new Tu Mundo Hoy podcast by clicking HERE.

CLICK ON THE IMAGE TO LISTEN TO THE PODCAST

Podcast, News, Your World Today, Hear Us Audio, MundoNOW
PHOTO: MundoNOW

Express closes stores across the U.S.

Chain, Retail, Business, Shopping, Express closes locations
Photo: Shutterstock

The company is joining the growing list of retailers affected by the economic crisis and changes in consumption patterns.

According to The Sun, the decision to close 95 of 553 Express stores across the United States has triggered a wave of reactions.

Many shoppers are unhappy about the situation and are concerned about the future of the company and its employees.

«So sad. They have the best jeans,» commented one customer, highlighting the quality of Express products.

Express locations in Georgia will be among those closing

Purchases, Sales, Customers, Community, USA
Photo: Shutterstock

The company also owns UpWest, and it is expected that the remaining 10 stores under this brand will share the same fate.

This adds even more uncertainty to the situation for employees and consumers, according to The Sun.

Georgia will be particularly affected with the closure of four Express stores in different parts of the state.

This reflects the impact of the 95 closures around the country.

Liquidation sales are already underway

Homeowners, Crisis, Economy, News, Georgia
Photo: Shutterstock

While the exact date that Express will close its stores in Georgia has not been confirmed, shoppers are urged to prepare in advance.

Liquidation sales have already begun, attracting customers looking for discounts.

Express’s decline is not solely a result of the pandemic, as experts indicate that the company has faced previous challenges.

These are related to its lack of variety and its relatively high prices for the quality of its products.

Express closes stores sparking concern among employees

Strategies, Challenges, Pandemic, Finance, Bankruptcy
Photo: Shutterstock

Although Express received $49 million in financial relief through the CARES Act, it was not enough to keep the company afloat.

This has led to the search for investors to acquire its assets and keep the brand alive, according to The Sun.

The uncertainty about the future of the remaining Express stores adds to the concern for the 14,000 employees of the company.

Their jobs could be at risk due to the closures and ongoing restructuring.

Economy
Money
Related post
Regresar al Inicio