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Net Losses Widen at Express Amid Shrinking Q2 Sales

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

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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