Express Inc. Files for Bankruptcy, Plans to Close Over 100 Stores

The retailer, struggling against fast fashion competitors, seeks a buyer to salvage operations.

Express Inc. has filed for Chapter 11 bankruptcy protection and plans to close 106 stores across the U.S.
The company received a non-binding letter of intent from WHP Global, aiming to purchase the majority of its stores and operations.
Express aims to continue its e-commerce and maintain as many stores as possible, pending agreements with landlords.
The retailer struggles with competition from fast fashion brands and a shift in consumer preferences toward more casual attire.
Express has secured $35 million in new financing to support its operations during the bankruptcy process.