Express Has Already Closed These 31 Stores.
As fashion apparel retailer (https://www.ibtimes.com/express-store-closures-2020-why-fashion-apparel-retailer-closing-locations-2907328?utm_source=feeds_ibt&utm_medium=feed&utm_campaign=msn) Express ((https://finance.yahoo.com/quote/EXPR?p=EXPR&.tsrc=fin-srch) EXPR ) announced it was closing about 100 stores by 2022, the company has reportedly already begun shuttering locations with 31 closed over the weekend.
Alysa Spittle, an Express spokesperson, confirmed the store closures to (https://www.usatoday.com/story/money/2020/01/24/express-store-closings-2020-list-these-31-locations-shuttering/4567461002/) USA Today.
Express also said it will also close another 35 stores by the end of January 2021 and the remaining locations by 2022. An additional nine stores already closed in 2019.
The move to close stores is part of Express' fleet rationalization as it looks to implement its new EXPRESSway Forward corporate strategy, which focuses on customer engagement. The (https://www.ibtimes.com/biggest-retail-bankruptcies-2019-complete-list-bankrupt-retailers-2891652?utm_source=feeds_ibt&utm_medium=feed&utm_campaign=msn) retailer is also looking to relaunch its loyalty program and private label credit cards by Fall 2020.
Express has already closed these store locations, according to USA Today.
Little Rock: Park Plaza
Phoenix: Paradise Valley Mall
Citrus Heights: Sunrise Center
Fairfield: Solano Town Center
San Jose: Oakridge
Visalia: Visalia Mall
Waterbury: Brass Mill
Wesley Chapel: Shops at Wiregrass
Duluth: Gwinett Mall
Vernon Hills: Hawthorne
Calumet City: River Oaks
Okemos: Meridian Mall
Burnsville: Burnsville Center
Eden Prairie: Eden Prairie
Saint Peters: Mid Rivers
Newington: Fox Run Mall
New York: 51st and Madison
Yonkers: Ridge Hill Mall
Portland: Lloyd Center
Hillsboro: The Streets
Bensalem: Neshaminy Mall
State College: Nittany Mall
Newport: Thames Street
Collierville: Carriage Crossing
Harlingen: Valle Vista
Houston: Rice Village
Shares of Express stock were down 0.207% as of 3:13 p.m. EST on Monday.
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|Publication:||International Business Times - US ed.|
|Date:||Jan 28, 2020|
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