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Express Falls Short on Earnings, Sales as Pandemic Derails Strategy

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Express saw another tough quarter with net sales dropping 48 percent to $245.7 million and net losses coming in at $107.8 million, or $1.67 per diluted share. Both sales and net losses missed expectations from Wall Street analysts, who anticipated that sales would reach $257.3 million, while losses would be $1.48 per diluted share. Express…

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