EXPR Stock Recent News

Express Inc.'s stock EXPR, +0.59% tumbled 13% in premarket trade Wednesday, after the clothing retailer posted a wider-than-expected first-quarter loss and weaker-than-expected sales . Columbus, Ohio-based Express had a net loss of $73.4 million, or 99 cents a share, for the quarter to April 29, wider than the loss of $11.9 million, or 18 cents a share, posted in the year-earlier period.

Express (EXPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The menswear brand will become the property of the brand management firm WHP Global and Express Inc. (EXPR) after the companies signed a definitive agreement with Walmart in a deal valued at $75 million.

Big news out of the fashion industry has a struggling retailer rising today. Yesterday, Express (NYSE: EXPR ) announced plans to acquire men's fashion brand Bonobos from Walmart (NYSE: WMT ) in a deal worth $75 million with partner WHP Global.

Yahoo Finance Live anchors Brad Smith and Brian Sozzi discuss reports that Express and WHP Global will acquire menswear brand Bonobos from Walmart.

Express (EXPR) and WHP Global have acquired Bonobos from Walmart for a combined $75 million.

Shares of apparel retailer Express Inc. soared more than 20% in extended trading Thursday after announcing a deal to buy menswear brand Bonobos from Walmart Inc. for a fraction of what the mega-retailer paid to acquire it in 2017.

The discount retailer bought the menswear brand for $310 million in 2017.

Walmart has agreed to sell Bonobos to WHP Global and Express for $75 million after purchasing the DTC brand for $310 million in 2017.

Express, Inc. (NYSE: EXPR) announced its financial results for the fourth quarter and full year of 2022. The post Express Announces Fourth Quarter And Full Year 2022 Results appeared first on Pulse 2.0.