Massive Clothing Store Bankruptcy, Now Closing Several Texas Stores
One of the first clothing stores where I ever remember making my own wardrobe choices while spending my own money has now filed for bankruptcy protection, and several of their Texas stores are closing immediately. Since becoming a dad and changing my social calendar from "Me" events to "We" events and kid activities, it has admittedly been a minute since visiting this store, but my wife Lindsay has never slowed in our patronage via online shopping.
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As we continue to hear about shopping malls running into more and more occupancy issues and constantly losing retail square footage to business like call centers, it is no surprise that many stores that relied heavily on the consistent foot traffic and revenue as mall cornerstones are now experiencing a lack of growth or major revenue losses.
I definitely hope that chapter 11 is not the final chapter in this retailer's story.
Massive Clothing Store Bankruptcy, Now Closing Several Texas Stores
According to this Fox Business article, at least 95 Express stores are closing immediately, and you can likely expect several more as the company moves forward through the bankruptcy.
Texas is tied for 4th in states that will have the most stores to shutter initially, and this is most likely just the beginning.
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In total Express operates 3 brands with their most recent being UpWest that began in 2019. All of those listed locations will be closing immediately too, and not much is known about the fate of Bonobos stores.
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