PLANTATION, FLORIDA - JANUARY 22: The exterior of an Express clothing store is seen as the company announces it will close some stores on January 22, 2020 in Plantation, Florida. The clothing retailer announced that it plans to shutter roughly 100 of …
PHILADELPHIA - A one-time mall staple is about to leave more storefronts empty in Philadelphia.
On Monday, Express filed for Chapter 11 bankruptcy protection as they announced the closure of nearly 100 stores. Closing sales are said to begin Tuesday.
Two locations in the heart of Philadelphia were included on that list:
- Fashion District Philadelphia - 901 Market Street
- Walnut Street - 1521 Walnut Street
Express files for bankruptcy, announces store closures
Express filed for bankruptcy Monday and announced dozens of the fashion retailer’s stores would be closing.
The fashion retailer, which is based in Columbus, Ohio, reported nearly $1.2 billion in total debts and $1.3 billion in total assets in its Chapter 11 petition, which was filed in U.S. Bankruptcy Court for the District of Delaware.
According to Express’ website, the company currently operates about 530 Express retail and Express Factory Outlet stores in the United States and Puerto Rico.
The parent of Bonbons and UpWest brands, Express, said its 12 UpWest stores would also be closing.