What makes express clothing different

This has allowed the company to manage inventory more closely and improve gross margins in turn. Express is also currently testing a buy online, pick up in store option in the Chicago and Columbus, Ohio, markets, the CEO said. Looking to its real estate, Express has at minimum 50 percent of its leases coming up for renewal over the next three years, giving the retailer the flexibility to either negotiate rents, shorten the term of a lease or shutter stores entirely.

Express ended with about 24 percent of sales originating online, up from 19 percent the previous year. Skip Navigation. Key Points. Express is using its store on Madison Avenue in New York as a testing lab for new technology. The retailer is making a bigger push with women's and men's workwear, as the market for casual clothing becomes more competitive. Express could trim back its store count over the next three years as it makes bigger investments online.

Stores are beginning to conform to shoppers' needs and wants. Comparable sales at stores have been going down, while e-commerce sales have gone up. UpWest gives Express an opportunity to tap into a new consumer base without opening new stores. AWS Deloitte Genpact. Events Innovation Festival. Follow us:. By Elizabeth Segran 3 minute Read. Behavioral scientists are closer to an answer News Paging Dr. Progressive blurs more lines between pop culture and insurance advertising.

Design Co. Design These stunning ice sculptures are helping save communities ravaged by climate change Co. Express is undergoing a whirlwind of change as the business strives to transcend the general malaise in apparel specialty retailing. At the same time, the retailer also announced layoffs at its headquarters in Columbus, Ohio and its design studio in New York City.

Express Inc. In its most recent earnings report for its fiscal second quarter ended Aug. It did not break out ecommerce sales in Quarter 2. In , ecommerce sales increased Express has previously reported that the strategy includes less discounting and more emphasis on omnichannel services, such as ship-from-store sales and ecommerce orders originating in stores. But in January , Express became the latest national retailer to announce a swathe of store closures. The retailer will now close of its stores by the end of , including 31 stores by the end of this month.

The news follows layoffs at Express headquarters in Columbus, Ohio and its design studio in New York City earlier this week. It involves a shifted focus to more streamlined merchandise offerings and investing in online sales. The fact that we have no long-term debt is, in our industry, almost unheard of. So, there is no turnaround required from a financial perspective. We are going to lose some money this year, but we are still generating free cash flow. We have a couple of hundred-million dollars cash on hand.

That gives us enormous flexibility. Nine of them closed in , 31 will close by the end of this month, and 35 will close by the end of January Last week the company confirmed that 10 percent of the positions at the headquarters and at the design studio would be cut, amounting to about slots.

The job losses were across the board in design, merchandising, marketing and production, and at various levels. I believe the customer is there and we need to make the experience better and that we can win with brick-and-mortar retailing.

The customer is omnichannel. I am proud we accomplished those things in a very short amount of time. It is a necessary reset.