The retailer that caters to younger shoppers said earlier this month that it was laying off 10% of the staff at its
It was not immediately clear how that would affect the employees at those stores. Staff in
Express also said it would relaunch its loyalty program and its private label credit card this fall as part of its effort to reinvigorate the brand.
Express operates about 600 stores. Its sales and profit growth have slid over the past three years.
Clothing retailers, particularly those in malls, have been devastated by changing consumer behavior. More than 9,000 store closures were announced last year, according to
Shares jumped 20% to close at
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