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Net Losses Widen at Express Amid Shrinking Q2 Sales

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Express Inc. saw sales fall and net losses widen in the second quarter, though the retailer has reopened about half of its store fleet. In a Nutshell: The company on Wednesday said it cut second-quarter inventory receipts by more than $100 million. It previously accessed $165 million from its $250 million asset-based credit facility shortly…

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