Connect with us

Hi, what are you looking for?

Golden Gate MarketersGolden Gate Marketers

Economy

Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand

The popular fashion retailer, Express, has officially filed for bankruptcy, announcing the imminent closure of 100 stores nationwide. This decision is due to intensified financial difficulties brought on by decreased in-store sales and Covid-19-related hardships. Despite this setback, there may be a glimmer of hope for the brand. A group of investors has emerged, expressing interest in rescuing the company and allowing it to continue operations in a restructured format. This could potentially save the remaining outlets from closure and protect the jobs

You May Also Like

Editor's Pick

Tennessee GOP Mother’s Unwavering Determination to Push for Gun Control Reform Inspires Change Introduction: In a state where lawmakers have repeatedly refused to take...

Economy

Whipped Inflation Now: A Historical Triumph in Economic Stability Introduction: In the annals of economic history, few phrases have captured the essence of a...

Economy

The Power of Collective Action: Unleashing the Potential for Change Introduction: In a world that is constantly evolving, the need for collective action has...

Investing

Rural Town Embraces Change: Navigating Tyson Plant Closure Amidst Manufacturing Boom Introduction: In a rapidly changing economic landscape, rural communities often face unique challenges....