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Casual Style Takes Over: Express Files for Bankruptcy

Casual Style Takes Over: Express Files for Bankruptcy
Casual Style Takes Over: Express Files for Bankruptcy

Express Files for Bankruptcy as Consumers Shift to Casual Fashion

Express, once a staple in malls across the country, filed for bankruptcy as consumers continue to shift away from formal and business attire toward casual and comfortable clothing.

The company, which includes menswear brand Bonobos and clothing brand UpWest, will close 95 Express locations and all 10 UpWest stores. The Chapter 11 filing will not affect the online or app shopping experience.

Express plans to operate as usual while it begins the process for a court-supervised sale. WHP Global, Simon Property Group, and Brookfield Properties intend to purchase a majority of the company's retail stores and operations.

Express has seen its sales decline despite the strong performance of the broader apparel sector. The company's more formal offerings have suffe

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