Express Files for Chapter 11: Private Equity, Shifting Retail Landscape, and Unfair Import Laws Blamed
Express was once the dominant force in mall shopping but now joins the growing list of mega-retailers filing for bankruptcy. The company cites several factors contributing to its downfall, including missteps in merchandising and the challenging retail landscape. Fingers are also being pointed at the role private equity played in Express’s decline and loopholes in … Read more