Express to Close 100 Stores Over the Next Two Years
Express closed nine stores last year, plans on closing 31 stores by the end of this month, AND has an additional 35 locations closing by the end of January 2021. We do know which locations are closing this month, but the 35 stores that will be closing over the next year are unknown. When all these closings are complete, Express will then close another 25 locations by the end of 2022, making it a total of 100 stores closing.
Currently, there are 12 Express stores in Minnesota. Two of them are closing their doors this month - the one in the Burnsville Center and the one in the Eden Prarie Center. The four Iowa locations are safe, as is the one in Wisconsin... for now.
The downsizing is part of a larger cost reduction strategy aimed at helping to bolster the ailing mall brand. - Express CEO Tim Baxter