Clothing Store Closing 95 Stores, 11 in New York
A popular clothing store has filed for bankruptcy and plans to close 95 of its 500+ stores nationwide and these 11 stores in New York.
This might sound familiar because it appears that every couple of weeks another company announces they have filed for bankruptcy. Rite Aid and JoAnn Fabrics have recently filed, earlier this week the restaurant chain Red Lobster hinted that they might be filing soon and now it appears a big name in clothing has filed for bankruptcy protection.
Express Files for Bankruptcy
The clothing brand Express announced Monday that they have filed for voluntary bankruptcy protection in Delaware as they begin a restructuring plan and a potential buyout according to the Express website. Express did receive a non-binding letter of intent from a group of buyers that expressed interest in purchasing "a substantial majority of the Company’s retail stores and operations" according to court papers.
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After filing the company's Chief Executive Officer Stewart Glendinning said "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives."
Express Closing 95 Stores
Express plans to close 95 of its stores across the county including 11 stores in New York, (locations below), 16 stores in California, 7 in New Jersey, 5 in Texas and Florida, 4 in Connecticut, Georgia, Illinois, 3 in Colorado, Iowa, Maryland, Massachusetts, 2 in Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Virginia, Washington, Wisconsin and 1 in Arizona, District of Columbia, Hawaii, Louisiana, Minnesota, Missouri, Nebraska, New Hampshire, Nevada, Rhode Island, Tennessee.
Express Closing 11 Stores in New York
Express currently has around 35 stores in New York, with the following 11 planning to close starting as early as April 23, 2024, according to Fox 5.
Southshore Express in Bayshore, New York
Bay Terrace Express in Bayside, New York
Fulton Street and Kings Plaza Express in Brooklyn, New York
Broadway-Soho, Flatiron (Fifth Avenue), and the Times Square Express stores in New York City
Sangertown Square Express in New Hartford, New York
The Sands Express in Oceanside, New York
Green Acres Mall Express in Valley Stream, New York
Cross County Express in Yonkers, New York
Hudson Valley Express locations in Middletown and Poughkeepsie do not appear on the list of stores scheduled to close. As more information becomes available we will update this article.
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