Express filed for bankruptcy. Are any Ohio stores closing? What to know
Columbus-based retailer Express filed for Chapter 11 bankruptcy Monday morning, according to previous Columbus Dispatch reporting.
The company plans to close 95 of its Express stores and all of its UpWest stores, including stores in Ohio.
Bankruptcy rumors sent stock prices sliding 40% in a day in February, the Dispatch reported at the time.
Express operates about 600 stores under the names Express, as well as UpWest and 60 Bonobos Guideshop locations. Online retail will remain in operation along with some other stores. The company said it continues to serve customers across its brands and will conduct business as usual, continuing to fill orders and process returns. The company said merchandise return policies remain the same, and gift cards are currently being redeemed in-stores.
The bankruptcy filing estimates liabilities from $1 billion to $10 billion. The retailer, known for office clothes, has struggled in recent years, and the company has acknowledged missteps in its merchandise strategy.
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Will all stores in Ohio close?
Filing a Chapter 11 bankruptcy doesn’t mean all Express stores will close. It just means the company can deal with its debts and other issues while continuing to operate their business.
As of April 23, only these two stores in Ohio will close, according to a legal filing (see the list starting on page 103):
- 7540 Bales Street, Liberty Township
- 5001 Monroe, Toledo
How many Express stores are in Ohio, and where are they located?
At one point, Ohio contained 11 Express stores. After they filed for bankruptcy, only nine will continue to operate.
Akron
- 3265 West Market Street, Akron
Canton
- 4360 Belden Mall, Canton
Cleveland area
- 26300 Cedar Road, Beachwood
- 840 Southpark Center, Strongsville
- 100 Main Street, Westlake
Cincinnati
- 7875 Montgomery Road, Cincinnati
Columbus
- 1500 Polaris Parkway, Columbus
- 4074 New Bond Street, Columbus
Dayton area
- 26300 Cedar Road, Beachwood
Are any other Express stores in the Midwest closing?
The following stores in Indiana, Illinois, and Michigan will close.
Indiana
- 2121 Southlake Mall, Merrillville
- 800 N. Green River Road, Evansville
Illinois
- 3333 West Touhy Ave., Lincolnwood
- 134 St. Clair Square, Fairview Heights
- 655 West Diversey Pkwy., Chicago
- 17 N State Street, Chicago
Michigan
- 6650 Westredge Ave., Portage
- 14600 Lakeside Circle, Sterling Heights