A few weeks ago, EXPRESS stores, filed bankruptcy and announced plans to shutter stores throughout the U.S.
The company operates Express, Express Factory outlets, Bonobos and UpWest stores for a total of operates more than 500 in the US. Close to 400 of the stores are located in major malls and shopping centers.
This recent article by NPR discusses the bankruptcies, closings and a potential acquisition of the chain and an article from The Hill provides an initial list of locations marked for closing.
The summary below provides insight on the Where, What and Who of those locations from the Directory of Major Malls / ShoppingCenters.com dataset.
400 locations across the U.S. with higher counts on both coasts
63% (246) are located in properties 1,000,000 sqft and above in size
82% (323) of those properties are Enclosed malls
66% (257) of of the locations are operated by 10 major shopping center operators
36% (143) of those are Simon and Brookfield centers.
Average Trade Area Demographics for Express Store major shopping center locations:
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