Express, Inc. Aktie News

Express announced that it received a non-binding letter of intent from a group led by WHP Global to potentially purchase the majority of its stores and operations.

Retailer and former meme stock Express (NYSE: EXPR ) just filed for Chapter 11 bankruptcy protection. EXPR stock traded for as much as $142 per share during the meme stock mania of early 2021.

Longtime mall retailer Express filed for bankruptcy and plans to close nearly 100 stores as an investor group looks to save it from extinction.

Express Inc. disclosed Monday that it has filed for bankruptcy, a move the troubled clothing retailer has been expected to pursue for the past few months.

COLUMBUS, Ohio--(BUSINESS WIRE)--Express, Inc. (OTC PINK: EXPR) (“Express” or the “Company”) today announced that it has received a non-binding letter of intent from a consortium led by WHP Global (“WHP”), and participants including a wholly owned indirect subsidiary of Simon Property Group, L. P. (“Simon”) and Brookfield Properties (“Brookfield”) for the potential sale of a substantial majorit...

Today, warning bells may be signaling the end of the line for another struggling retail chain. Express (OTCMKTS: EXPR ) has been struggling for months, so much so that it lost its place on the New York Stock Exchange earlier this month.

February retail sales rose 0.6% from the previous month, despite higher consumer prices, indicating positive consumer sentiment. In addition, the Federal Reserve signaled plans to cut interest rates three times in 2024, potentially leaving consumers with more disposable income.

Express (OTCMKTS: EXPR ) has now officially been de-listed from the NYSE, with shares of EXPR stock now trading on the over-the-counter market. This process began on Wednesday, and as the company reported in a press release, investors will still be able to invest in the company, though many don't seem to be willing to do so.