Express Inc news and archive

WHP-led consortium initiates sales deal with Express

Express, Inc. announced that announced that it has received a non-binding letter of intent from a consortium led by WHP Global, a wholly owned subsidiary of Simon Property Group and Brookfield Properties for the potential purchase of the company’s retail stores and operations. Express also announced that it has named Mark Still as senior vice...

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Express Q4 comparable sales decline by 13 percent

Fashion apparel retailer Express, Inc. reported a net sales decrease of 14 percent to 514.3 million dollars in the fourth quarter of 2021, with consolidated comparable sales down 13 percent. Full year consolidated net sales decreased to 1,864 million dollars from 1,870 million dollars in 2021, with consolidated comparable sales flat. "We...

Express completes partnership deal with WHP Global

Fashion apparel retailer Express, Inc. (EXPR) has announced the completion of a previously announced transaction with WHP Global, a leading global brand management firm. The company’s board of directors has also named Yehuda Shmidman as a Class II director. Express announces completion of agreed transaction with WHP Global The mutually...

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Express expects FY22 comparable sales to remain flat

Fashion apparel retailer Express, Inc. now expects comparable sales of around flat, consistent with prior outlook. The company said diluted loss per share is expected to range between 1.18 dollars to 1.22 dollars, within the range of prior outlook, excluding impact of 260 million dollars in proceeds from WHP partnership expected to close January...

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Express posts Q3 loss, comparable sales decline by 8 percent

Consolidated net sales at fashion apparel retailer Express, Inc. decreased 8 percent to 434.1 million dollars in the third quarter of 2021, with consolidated comparable sales down 8 percent. Comparable retail sales, which includes both Express stores and ecommerce, were down 11 percent compared to last year’s third quarter. Retail stores...

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Satish Mehta appointed to Express Inc. board of directors

The board of directors of fashion apparel retailer Express, Inc. has named Satish Mehta as a Class I director. Mehta, 57, the company said in a statement, has a deep background in database engineering and a strong track record in technical leadership roles. He is currently the chief technology officer of pet food and pet-health related products...

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Express names Jason Judd as the company’s new CFO

Express, Inc. has announced the appointment of Jason Judd as the company’s senior vice president & chief financial officer, effective April 4, 2022. Judd, the company said in a release, will report directly to CEO Tim Baxter. "Jason is a seasoned, well rounded and accomplished financial executive with a proven track record of delivering results....

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Express appoints Antonio Lucio to its board of directors

The board of directors of fashion apparel retailer Express, Inc. has named Antonio J. Lucio as a Class III director, effective today. Lucio, 61, the company said in a statement, is the founder & principal of 5S Diversity and an executive fellow at the Yale University School of Management. He was previously global chief marketing officer at...

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Express to close 100 stores by 2022, narrows Q4 forecast

Announcing Expressway Forward corporate strategy to drive profitable growth, Express inc has said that the company expects to close approximately 100 stores by 2022 including nine stores that have already closed in 2019, 31 by the end of January 2020, and an additional 35 by the end of January 2021. The company added that comparable sales are...