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Express Falls Short on Earnings, Sales as Pandemic Derails Strategy

What are the pains and actions brands across the industry are taking to try and become consumer-led? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

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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