Write For Us

How Express Survived Bankruptcy

Sponsored Post Vitamin D2 Canada Persia
Just a decade ago, clothing retailer Express was at the top its game. Shopping malls were all the rage and remote work was in the distant future, and the company's annual sales reached $2.5 billion from its about 700 stores around the country. But after the departure of its CEO, Micheal Weiss, in 2015, the company began to lose its grip. Sales steadily declined and, by April of 2024, Express filed for bankruptcy. Watch the video above to learn about why a group of investors are now jumping in to save the brand.

0:00 Introduction
1:15 Chapter 1: Rise and fall
4:35 Chapter 2: Bankruptcy
5:50 Chapter 3: Plans for comeback

Produced and Shot by: Ryan Baker
Edited by: Nora Rappaport
Additional Camera by: Natalie Rice
Additional Reporting by: Gabrielle Fonrouge
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to be a successful, confident communicator? Take CNBC’s new online course Become an Effective Communicator: Master Public Speaking. We’ll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024: https://cnb.cx/4aryNgM

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC


How Express Survived Bankruptcy
CNBC, business, finance stock
Sign in or sign up to post comments.
Be the first to comment