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The Fashion and Management Missteps That Left Express Clinging to Solvency

The retailer has struggled to keep pace with the times and has occupied an increasingly untenable spot: not prestigious enough to compete with the luxury brands, yet too expensive to go head-to-head with rapidly growing low-cost rivals.
Express
The chain — which had 11,000 employees at more than 550 stores by early last year — once occupied an enviable niche among 20- and 30-somethings. (Shutterstock)

Fashion retailer Express Inc. is rapidly running out of cash and time.

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