Express, Inc. to host Q3 2017 results conference call on Thursday, November 30, 2017

COLUMBUS, Ohio, 2017-Nov-20 — /EPR Retail News/ — Express, Inc. (NYSE: EXPR), a specialty retail apparel company, today (Nov. 16, 2017) announced that it will conduct a conference call to discuss third quarter 2017 results on Thursday, November 30, 2017, at 9:00 a.m. ET. Earlier that morning, the Company will issue a press release detailing those results. The conference call will be hosted by David Kornberg, president and chief executive officer, Matthew Moellering, executive vice president and chief operating officer, and Perry Pericleous, senior vice president and chief financial officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at: http://www.express.com/investor and remain available for 90 days. A telephone replay of this call will be available at 12:00 p.m. ET on November 30, 2017, until 11:59 p.m. ET on December 7, 2017, and can be accessed by dialing (844) 512-2921 and entering the replay pin number 13672476.

In addition, an investor presentation of third quarter 2017 results will be available at: http://www.express.com/investor at approximately 7:00 a.m. ET on Thursday, November 30, 2017.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 600 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States and Puerto Rico. Express merchandise is also available at franchise locations and online in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Investor Contact:
Mark Rupe
(614) 474-4465
VP Investor Relations

Media Contact:
Express, Inc.
Robin Hoffman
(614) 474-4834
Director of Communications

Source: Express, Inc.

Express, Inc. unveils Express’ NBA-themed “Game Changers” campaign

Express Teams Up with NBA and Four Young NBA Players on New Campaign (PRNewsfoto/Express, Inc.)

COLUMBUS, Ohio, 2017-Oct-23 — /EPR Retail News/ — Express, Inc. (NYSE: EXPR) today announced Express’ NBA-themed “Game Changers” campaign centered around four young stars—Brandon Ingram, Denzel Valentine, Jamal Murray and John Collins—who exemplify the true spirit of what it means to be a game changer.

Express will tip-off the partnership with a series of lifestyle videos, which will reveal the brand ambassadors’ performance, style, determination and the will to win both on and off the court. The campaign will capture the essence of each athlete, what drives him to succeed and how fashion gives him the confidence to take on what’s next in his day and life—whether that’s suiting up in an Express Performance Suit for game day or relaxing in jeans on days off.

The partnership builds on Express’ history of collaborating with inspiring individuals and follows the retailers’ partnerships with professional athletes who were on the cusp of becoming champions in their sport.

“We’re proud to offer performance-driven fashion for self-starters going after what they want,” said David Kornberg, Express President and CEO. “We couldn’t think of better partners in this mission than the NBA and its young up-and-coming players. We’re thrilled to bring our customers closer to the game and to share the authentic stories of hard work, grit and perseverance through the lens of our NBA Game Changers Brandon, Denzel, Jamal and John.”

The integrated marketing and advertising campaign will premiere across Express’ digital, social media, and in-store platforms as well as the NBA’s digital and social media platforms beginning October 2017. In February, Express will also serve as an associate partner of the NBA Rising Stars Challenge during NBA All-Star 2018 in Los Angeles, California. For more information, visit www.express.com/NBAGameChangers.

About Express, Inc.
Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 600 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States and Puerto Rico. Express merchandise is also available at franchise locations and online in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

SOURCE Express, Inc.

Media Contact: Express, Niki Starr, 646-502-4812, nstarr@express.com

Express, Inc. to host Q2 2017 results conference call on Wednesday, August 23, 2017

COLUMBUS, Ohio, 2017-Aug-10 — /EPR Retail News/ — Express, Inc. (NYSE: EXPR), a specialty retail apparel company, today (Aug. 9, 2017) announced that it will conduct a conference call to discuss second quarter 2017 results on Wednesday, August 23, 2017, at 9:00 a.m. ET. Earlier that morning, the Company will issue a press release detailing those results. The conference call will be hosted by David Kornberg, president and chief executive officer, Matthew Moellering, executive vice president and chief operating officer, and Perry Pericleous, senior vice president and chief financial officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at: http://www.express.com/investor and remain available for 90 days. A telephone replay of this call will be available at 12:00 p.m. ET on August 23, 2017, until 11:59 p.m. ET on August 30, 2017, and can be accessed by dialing (844) 512-2921 and entering the replay pin number 13668336.

In addition, an investor presentation of second quarter 2017 results will be available at: http://www.express.com/investor at approximately 7:00 a.m. ET on Wednesday, August 23, 2017.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 600 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States and Puerto Rico. Express merchandise is also available at franchise locations and online in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Investor:
Mark Rupe
614-474-4465
VP Investor Relations

Media:
Robin Hoffman
614-474-4834
Director of Communications

Source: Express, Inc.

Express To Close All Canadian Stores To Optimize Store Footprint

  • Express to close its 17 stores in Canada; following these closings, Express will continue to operate 635 stores in the U.S.
  • Actions aligned with strategic focus on improving profitability and optimizing the store footprint

COLUMBUS, Ohio, 2017-May-08 — /EPR Retail News/ — Express, Inc. (NYSE:EXPR) (the “Company”) today (May 4, 2017) announces an additional measure as part of its continued strategic approach to improving profitability and managing and optimizing its store footprint.

As part of this plan, Express intends to close all 17 Canadian stores and discontinue its Canadian operations through its Canadian subsidiary,Express Fashion Apparel Canada Inc. (“Express Canada”). This morning, as a part of that process, Express Canada filed an application for protection under the Companies’ Creditors Arrangement Act (the “CCAA”) with the Ontario Superior Court of Justice (Commercial List) in Toronto.

David Kornberg, Express, Inc. president and chief executive officer noted that, “The challenging Canadian retail environment, coupled with unfavorable exchange rates prevented us from meeting the expectations we had when we entered the market in 2011. While difficult, this action is best for the future of Express and we are committed to carry it out in a way that reflects our respect and appreciation for employees who are impacted. Our overriding focus remains to invest in and direct our resources towards those areas that can generate the greatest return, including growing our e-commerce business, relaunching our customer loyalty program, and continuing to build our omni-channel capabilities to allow our customers to engage with our brand and shop wherever, whenever, and however they want. The decision to exit Canada is consistent with our long-term strategy and will have no impact on our operations in the U.S., which remain in a solid financial position.”

For the fiscal year ended January 28, 2017, Express Canada had net sales of approximately $34 million in U.S. dollars ($45 million in Canadian dollars) and contributed a net loss of approximately $6 million in U.S. dollars to the Express, Inc. consolidated financial statements.

Express Canada currently has 17 stores across Alberta, British Columbia, and Ontario. To facilitate an orderly wind-down, Express Canada intends to conduct store closing sales beginning mid-May. Subsequent to the closings, Canadian customers will continue to be able to make purchases through the Company’s e-commerce website, www.express.com, as well as through the Express mobile app. As part of its application, Express Canada is seeking the appointment of Alvarez & Marsal Canada as Monitor in the CCAA proceedings to oversee the liquidation and wind-down process for Express Canada.

As a result of the CCAA filing, Express, Inc. has determined that Express Canada will be deconsolidated from Express, Inc. financial statements as of the date of the filing. As shown in the table below and detailed as follows, Express, Inc. expects this to impact pre-tax profit on its consolidated financial statements in the range of $28 to $34 million in 2017, driven primarily by the write-down of its investment in Express Canada along with costs associated with exiting Canada. The Company will incur charges of approximately $6 million in the first quarter of 2017 and the remaining $22 to $28 million of exit costs in the second quarter of 2017. In addition, the Company anticipates tax benefits related to exiting Canada in the range of $14 to $16 million, of which approximately $7 million is expected in the first quarter of 2017 and the remaining $7 to $9 million in the second quarter of 2017. As a result, Express, Inc. expects to report an impact to net income in the range of $14 to $18 million in 2017, of which approximately a $1 million benefit is expected in the first quarter of 2017 and an impact of $15 to $19 million expected in the second quarter of 2017. Total after tax cash costs to exit Canada are expected to be in a range of $8 to $12 million. The impact of these exit costs was not included in the Company’s most recently provided guidance.

The Company plans to release first quarter fiscal 2017 results on Thursday, June 1, 2017.

The expected impact of Express Canada’s CCAA Filing on the Express, Inc. consolidated financial statements is as follows:

First Quarter 2017 Second Quarter 2017 Full Year 2017
Income (Loss) Before Tax (~$6 million)(1) ($22 to $28 million)(2) ($28 to $34 million)
Income Tax Benefit(3) ~$7 million $7 to $9 million $14 to $16 million
Net Income (Loss) ~$1 million ($15 to $19 million) ($14 to $18 million)
Total After-Tax Cash Costs ($8 to $12 million)
(1) Driven primarily by a non-cash asset impairment charge of approximately $6 million in the first quarter of 2017.
(2) Driven primarily by the write-down of the investment in Express Canada along with costs associated with exiting Canada in 2017.
(3) Anticipated tax benefits related to exiting Canada.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30- year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations and online in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Forward-Looking Statements:

Certain statements are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that does not directly relate to any historical or current fact and include, but are not limited to, the Company’s plans to improve profitability and to make certain investments in the business and results from such plans and investments, as well as the plan to discontinue Canadian operations and expected financial impacts. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict, and significant contingencies, many of which are beyond the Company’s control. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Additional information concerning these factors can be found in Express, Inc.’s filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law.

Investors:
Mark Rupe
614-474-4465
Vice President
Investor Relations

Media:
Robin Hoffman
614-474-4834
Director, Communications

Source: Express, Inc.

Express launches an exclusive, limited-edition collection designed by Karlie Kloss

Express launches an exclusive, limited-edition collection designed by Karlie Kloss

 

Collection to Debut at Live Fashion Show Featuring Inspiring Individuals in Brand Ambassador’s Hometown of St. Louis, Missouri

COLUMBUS, Ohio, 2017-Apr-03 — /EPR Retail News/ — Express, Inc. (NYSE: EXPR) today (March 30, 2017) announced Express’ launch of an exclusive, limited-edition collection designed by Express Brand Ambassador and Creative Consultant Karlie Kloss and the Express design team. Karlie Kloss and Express are set to reveal the collection at a live fashion show featuring innovators, game changers, and go-getters as runway models on March 30, in Karlie Kloss’ hometown of St. Louis, Missouri. The event will also feature live DJ sets by Hannah Bronfman and a special musical performance by Charli XCX.

The Karlie Kloss x Express Collection reveals the beauty and versatility of the essentials of a wardrobe. The collection is comprised of 17 styles that create more than 100 looks ranging from Karlie’s iconic tees and blazers, to quintessential maxi dresses and embellished bombers. The looks reflect the vibrant optimism of Karlie and how her collection – as her dress code – showcases the must-have fashion pieces for a busy lifestyle.

Karlie Kloss and Express selected the inspiring individuals who will appear in the runway show via a contest where applicants uploaded videos to Instagram, explaining how they live their best life and empower others to do the same. The collection and runway show tie to the retailers’ ongoing mission to inspire customers to celebrate and express their best life through fashion.

“This collection is made for everyday women—the strong, dynamic, on-the-go achievers among us,” said Karlie Kloss. “It was amazing to have Express so closely aligned in this vision to design a collection that has a fashionable staple for any occasion. I am excited for us to launch with a runway show back in my hometown of St. Louis, featuring women who live their best lives and know going after your dreams is always in style.”

“Karlie Kloss’ style reflects a life lived without limits. As a model, student, entrepreneur and philanthropist, she’s always in demand, has to be ready for anything, and is making a real difference,” said David Kornberg, Express president and CEO. “This exclusive capsule collection, built by Karlie and the Express design team, offers stylish wardrobe essentials every woman needs.”

The Karlie Kloss x Express Collection will range from $24.90 – $168.00 and will be available online at express.com the evening of March 30 following the runway show and in-stores on March 31. Customers can tune in to view the live runway show on March 30 at 8 pm ET / 7 pm CT on Facebook.com/Express and express.com and see additional coverage by following @Express #Karlie4Express on Instagram, Snapchat and Twitter.

About Express, Inc.:
Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Media Contact:

Niki Starr
PR Manager
Express
646-502-4812
nstarr@express.com

SOURCE Express, Inc.

###

Express introduces Express “Your Life, Your Dress Code” brand platform with the launch of its Spring 2017 campaign

Express introduces Express “Your Life, Your Dress Code” brand platform with the launch of its Spring 2017 campaign

 

COLUMBUS, Ohio, 2017-Mar-06 — /EPR Retail News/ — Express, Inc. (NYSE: EXPR) today ( Feb. 28, 2017) announced the Express “Your Life, Your Dress Code” brand platform with the launch of their Spring 2017 campaign.

The new brand platform celebrates the customer who is progress-driven and leverages their passions and values to achieve both personal and professional success. This achiever attitude and spirit of optimism is at the core of Express brand values.

Express believes that fashion is inspiring, uplifting and fun, and that clothes can serve a higher purpose. Fashion can give the wearer the confidence to try new things, to meet new people, take on new challenges, reach beyond limits, and reflect passion and optimism for what’s next. Each individual has their own dress code, and Express delivers confident styles that allow each customer to embrace what’s next in their day and life. From day to night and college to career, Express stands for progress, helping each customer to get to the next level.

“Our ongoing mission is to inspire our customers—the innovators, game changers and go-getters—to emphasize and celebrate their own confident style,” said David Kornberg, Express president and CEO. “Whether they’re going on their first job interview or out for cocktails with friends, ‘Your Life, Your Dress Code’ is meant to encourage the Express customer to get to what’s next in their day and in their life.”

The first phase of “Your Life, Your Dress Code” will launch with the brand’s Spring 2017 integrated marketing and advertising campaign that will premiere across digital, social media, broadcast and in-store platforms beginning March 2017 and will continue with upcoming collaborations and brand initiatives. The Express Spring Collection offers customers the quality, detail and fit that reflects what they have achieved and says they’re ready for what’s next.

Customers can explore new spring styles for their dress code beginning March 2017 at Express stores nationwide and online at express.com. Get in on behind-the-scenes action by following @Express on Instagram, Twitter, Snapchat and Facebook and @ExpressMen on Instagram.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Media Contact:

Niki Starr
PR Manager
Express
646-502-4812
nstarr@express.com

SOURCE: Express, Inc.

###

Express, Inc. reaffirms EPS guidance for 4Q and full year 2016

COLUMBUS, Ohio, 2017-Jan-13 — /EPR Retail News/ — In advance of its presentation at the 19th Annual ICR Conference, Express, Inc.(NYSE: EXPR), a specialty retail apparel company, today (Jan. 10, 2017) reaffirmed its earnings per share (EPS) guidance for the fourth quarter and full year 2016 ending January 28, 2017, based on its performance during the 2016 holiday season and its expectations for the balance of the period.

David Kornberg, Express, Inc.’s president and chief executive officer, commented: “Based on our holiday results, we are reaffirming our fourth quarter and full year EPS guidance. Our store performance continues to be impacted by challenging mall traffic trends and a more promotional retail environment. However, we remain pleased with our e-commerce sales performance, which continues to trend positively year-over-year.”

2016 Guidance:

Fourth Quarter:

Comparable sales are currently expected to be negative 13%. The Company continues to expect net income to be in the range of $20 to $23 million and diluted earnings per share to be in the range of $0.26 to $0.30 on 78.8 million weighted average shares outstanding.

Full Year:

Comparable sales are expected to be negative 9%. Net income is expected to be in the range of $55 to $58 million, or $0.70 to $0.74 per diluted share. Adjusted net income is expected to be in the range of $62 to $65 million, or $0.78 to $0.82 per diluted share on 79.1 million shares outstanding. Adjusted net income excludes approximately $11.4 million, or $6.9 million net of tax benefit, of non-core operating items related to an amendment to the Times Square Flagship store lease.

Consistent with past practice, this guidance excludes any additional non-core operating items that may occur.

The Company expects to report fourth quarter and full year 2016 results during the week of March 6, 2017.

ICR Conference:

The Company will present at the 19th Annual ICR Conference being held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on January 10, 2017 at 4:00 p.m. Eastern Time (ET). David Kornberg, president and chief executive officer, and Perry Pericleous, senior vice president and chief financial officer, will host the presentation and Mark Rupe, vice president of investor relations, will be in attendance. The Company’s investor presentation will be posted on the Express website by 7:00 a.m. ET on Tuesday, January 10, 2017 and the conference presentation will be webcast live and available for replay for 30 days at www.express.com/investor.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30- year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Non-GAAP Financial Measures:

Adjusted net income and adjusted diluted EPS are non-GAAP measures. The Company believes that these non-GAAP measures provide additional useful information to assist stockholders in understanding its financial results and assessing its prospects for future performance. Management believes adjusted net income and adjusted diluted earnings per share are important indicators of the Company’s business performance because they exclude items that may not be indicative of, or are unrelated to, the Company’s underlying operating results, and provide a better baseline for analyzing trends in the business. In addition, adjusted diluted earnings per share is used as a performance measure in the Company’s executive compensation program for purposes of determining the number of equity awards that are ultimately earned. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

Forward-Looking Statements:

Certain statements are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statement that does not directly relate to any historical or current fact and include, but are not limited to, guidance and expectations for the fourth quarter and full year 2016, including statements regarding expected comparable sales, net income, adjusted net income, diluted earnings per share, and adjusted diluted earnings per share. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict, and significant contingencies, many of which are beyond the Company’s control. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are (1) changes in consumer spending and general economic conditions; (2) our ability to identify and respond to new and changing fashion trends, customer preferences, and other related factors; (3) fluctuations in our sales, results of operations, and cash levels on a seasonal basis and due to a variety of other factors, including our product offerings relative to customer demand, the mix of merchandise we sell, promotions, and inventory levels; (4) competition from other retailers; (5) customer traffic at malls, shopping centers, and at our stores and online; (6) our dependence on a strong brand image; (7) our ability to develop and maintain a relevant and reliable omni-channel experience for our customers; (8) the failure or breach of information systems upon which we rely; (9) our ability to protect customer data from fraud and theft; (10) our dependence upon third parties to manufacture all of our merchandise; (11) changes in the cost of raw materials, labor, and freight; (12) supply chain disruption; (13) our dependence upon key executive management; (14) our growth strategy, including our ability to improve the productivity of our existing stores, open new stores, and grow our e-commerce business; (15) our substantial lease obligations; (16) our reliance on third parties to provide us with certain key services for our business; (17) claims made against us resulting in litigation or changes in laws and regulations applicable to our business; (18) our inability to protect our trademarks or other intellectual property rights which may preclude the use of our trademarks or other intellectual property around the world; (19) restrictions imposed on us under the terms of our asset-based loan facility; (20) impairment charges on long-lived assets; and (21) changes in tax requirements, results of tax audits, and other factors that may cause fluctuations in our effective tax rate. Additional information concerning these and other factors can be found in Express, Inc.’s filings with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law.

Investors:
Express, Inc.
Mark Rupe
(614) 474-4465
Vice President Investor Relations

ICR, Inc.
Allison Malkin
(203) 682-8225

Media:
Express, Inc.
Robin Hoffman
(614) 474-4834
Director of Communications

Source: Express, Inc.

Express, Inc. to present at the 19th Annual ICR Conference on January 10, 2017 in Orlando, Florida

COLUMBUS, Ohio, 2017-Jan-05 — /EPR Retail News/ — Express, Inc. (NYSE:EXPR), a specialty retail apparel company, today (Jan. 4, 2017) announced that the Company will present at the 19th Annual ICR Conference held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Tuesday, January 10, 2017 at 4:00 p.m. Eastern Time. The presentation will be hosted by David Kornberg, president and chief executive officer and Perry Pericleous, senior vice president and chief financial officer, and will also be webcast live and available for replay for 30 days at www.express.com/investor.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30- year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The Company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Investors Contact:
Express, Inc.
Mark Rupe
614-474-4465
VP Investor Relations

ICR, Inc.
Allison Malkin
203-682-8225

Media Contact:
Express, Inc.
Robin Hoffman
614-474-4834
Director of Communications

Source: Express, Inc.

Express, Inc. announced its 3Q 2016 financial results

  • Net sales decreased 7% to $506.1 million.
  • Diluted EPS was $0.15, including a $0.04 net tax benefit.
  • Total inventory was down 6%.

COLUMBUS, Ohio, 2016-Dec-05 — /EPR Retail News/ — Express, Inc. (NYSE:EXPR), a specialty retail apparel company, announced its financial results for the third quarter of 2016. These results, which cover the thirteen and thirty-nine weeks ended October 29, 2016, are compared to the thirteen and thirty-nine weeks ended October 31, 2015.

David Kornberg, the Company’s president and chief executive officer, stated: “Our third quarter performance was highlighted by sales and earnings in line with our guidance and progress made addressing the areas noted for improvement during our second quarter call. This progress included refocusing our brand projection and marketing to be more consistent with our core demographic and additional steps taken to drive customer acquisition and retention. Notably, while mall traffic challenges continued to impact our store performance, we achieved a double digit increase in e-commerce sales.”

Mr. Kornberg, continued: “We expect the holiday season to remain challenging as mall traffic and a highly promotional retail environment continue to be headwinds. That being said, we believe our focus and execution against our key priorities, which include driving improved profitability through a balanced approach to growth, elevating our brand and customer experience, investing in the growth and development of our associates and achieving the benefits from our systems implementations, will position our Company to create shareholder value over the long term.”

Third Quarter 2016 Operating Results:

  • Net sales decreased 7% to $506.1 million from $546.6 million in the third quarter of 2015.
  • Comparable sales (including e-commerce sales) decreased 8%, compared to a 6% increase in the third quarter of 2015.
  • E-commerce sales increased 15% to $96.3 million.
  • Merchandise margin declined by 340 basis points driven by increased promotional activity. Buying and occupancy as a percentage of net sales rose by 160 basis points. In combination, this resulted in a 500 basis point decline in gross margin, representing 30.0% of net sales compared to 35.0% in last year’s third quarter.
  • Selling, general, and administrative (SG&A) expenses were $136.6 million versus $146.6 million in last year’s third quarter. As a percentage of net sales, SG&A expenses increased by 20 basis points to 27.0%.
  • Operating income was $15.1 million, or 3.0% of net sales, compared to $44.5 million, or 8.1% of net sales in the third quarter of 2015.
  • Income tax expense was $2.8 million, at an effective tax rate of 19.6%, compared to $16.9 million, at an effective tax rate of 39.2% in last year’s third quarter. The effective tax rate for the thirteen weeks ended October 29, 2016 includes a net tax benefit of approximately $2.9 million attributable to certain discrete items that occurred during the third quarter.
  • Net income was $11.6 million, or $0.15 per diluted share and includes a net $0.04 per diluted share benefit related to the aforementioned income tax items. This compares to net income of $26.3 million, or $0.31 per diluted share, in the third quarter of 2015.
  • Real estate activity for the third quarter of 2016 is presented in Schedule 5.

Third Quarter 2016 Balance Sheet Highlights:

  • Cash and cash equivalents totaled $101.9 million versus $91.2 million at the end of the third quarter of 2015. During the thirty-nine weeks ended October 29, 2016, approximately $51.5 million was used to repurchase approximately 3.2 million shares of the Company’s outstanding common stock.
  • Capital expenditures totaled $80.9 million for the thirty-nine weeks ended October 29, 2016 compared to $85.0 million for the thirty-nine weeks ended October 31, 2015.
  • Inventory was $341.9 million compared to $364.7 million at the end of the prior year’s third quarter, a 6% decrease.

Investors:
ICR, Inc.
Allison Malkin
203-682-8225

Media:
Express, Inc.
Robin Hoffman
614-474-4834
Director, Communications

Source: Express, Inc.

EXPRESS launches Holiday 2016 Campaign featuring brand ambassador Karlie Kloss

EXPRESS launches Holiday 2016 Campaign featuring brand ambassador Karlie Kloss
EXPRESS launches Holiday 2016 Campaign featuring brand ambassador Karlie Kloss

 

Fashion retailer celebrates holiday moments with brand ambassador Karlie Kloss and unveils unique storytelling via digital Expressionists Campaign

COLUMBUS, Ohio, 2016-Nov-24 — /EPR Retail News/ — EXPRESS, Inc. (NYSE: EXPR) today (Nov. 22, 2016) announces the launch of the EXPRESS Holiday 2016 Campaign featuring brand ambassador Karlie Kloss. The campaign celebrates #ExpressLife holiday moments and reveals the ‘Expressionists,’ a cast of inspiring individuals who share their tips and tricks to surviving the holiday season in style.

In the campaign, brand ambassador Karlie Kloss represents #ExpressLife and brings to life key customer mindsets of the holiday season: Arrive in Style, Get in the Spirit, Holiday Parties Every Weekend, and Snowbound all Season, while grounding each life moment in the perfect products. This new integrated marketing and advertising campaign will premiere across digital, social media, broadcast and in-store platforms this month.

As a digital layer of the campaign, EXPRESS reveals its Expressionists—fearless individuals who set out to inspire the world and build their own success story by transforming their passion into their career. From an award-winning chef to beauty and wellness experts, they are as unique as they are driven. They celebrate and express their lives in new and unexpected ways, and share their personal recommendations for hosting and toasting, beauty, gifting, and healthy holidays. They not only stand up, but stand out—one expression at a time.

The Expressionists cast includes: mixologist Elliot Clark, Founder Apartment Bartender; beauty vlogger Deepica Mutyala, Founder, Deepicam; DIY maven Erica Domesek, Founder, P.S. I Made This; wellness expert and advocate for holistic living Francheska Medina, Founder HeyFranHey and chef and environmental advocate Gabe Kennedy.

“This holiday season, we encourage our customers to embody the spirit of Karlie and the Expressionists by living their best #ExpressLife while celebrating with family and friends,” said David Kornberg, president and chief executive officer of EXPRESS. “We are thrilled to partner with inspiring individuals who will reimagine the holiday season through the EXPRESS lens. We know that real people with real purpose resonate with our customers and we are excited to share their stories.”

Customers can get in on behind-the-scenes action by following @Express on Instagram, Twitter, Snapchat and Facebook and @ExpressMen on Instagram.

About EXPRESS, Inc.:
EXPRESS is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. EXPRESS has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. EXPRESS merchandise is also available at franchise locations in Latin America and the Middle East. EXPRESS also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Media Contact:

Niki Starr
PR Manager
EXPRESS
646-502-4812
nstarr@express.com

SOURCE: Express, Inc.

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EXPRESS congratulates Kris Bryant for being named Major League Baseball National League Most Valuable Player 2016

COLUMBUS, Ohio, 2016-Nov-20 — /EPR Retail News/ — EXPRESS, Inc. (NYSE: EXPR) congratulates EXPRESS Men’s Brand Ambassador Kris Bryant, third baseman of the Chicago Cubs, for being named Major League Baseball National League Most Valuable Player 2016.

During the 2016 season, Bryant continued to rise as one of the most sought after players in the game, delivering a game-winning, team-rallying home run in World Series Game Five. Bryant and team then went on to lead the Chicago Cubs to win their first World Series title since 1908. “I’m really grateful for my opportunities and what I have here,” said Bryant. “When you’re in the moment, you just want to put out the best version of yourself you can be.” (1)

EXPRESS first announced Kris Bryant as Men’s Brand Ambassador in March 2016 and since then, the baseball star has appeared in several marketing and advertising campaigns across print, digital, social media and in-store platforms. Bryant currently appears in the EXPRESS Fall Campaign, sporting the retailer’s latest dressy and casual wear photographed in the iconic city of Chicago.

“This year has brought a lot of firsts for me, from winning a World Series title to being named MVP of the National League to inspiring fans to look and feel great through my work with EXPRESS,” said Bryant. “It’s been an incredible journey so far and I’m excited to see what’s next.”

“EXPRESS’ ongoing mission is to partner with brand ambassadors who are inspiring, confident and embody the spirit of our customers,” said David Kornberg, EXPRESS President and CEO.” Kris Bryant does just that – he lives his best life and looks great doing it. Kris is an incredible athlete whose hard-work and dedication has paid off. We’re thrilled for his achievements both on and off the field.”

About Kris Bryant:
Cubs third baseman Kris Bryant finished the 2016 regular season with a .292 average, 39 home runs, 102 RBIs, 121 runs scored, and eight stolen bases. The power-hitting right-hander has one of the best-selling jerseys in baseball during 2016, according to the MLB.com Shop. He recently received the 2016 National League Hank Aaron Award.

Follow this EXPRESS Brand Ambassador on Instagram (@kris_bryant17), Twitter (@KrisBryant_23), and Facebook(Facebook.com/KrisBryant) and at www.express.com.

About EXPRESS, Inc:
EXPRESS is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. EXPRESS has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. EXPRESS merchandise is also available at franchise locations in Latin America and the Middle East. EXPRESS also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

1.USA Today Sports (2016) at < http://www.usatoday.com/story/sports/columnist/nancy-armour/2016/11/03/chicago-cubs-world-series-kris-bryant-cleveland-indians/93220794/ >

Contact:

Niki Starr
PR Manager
EXPRESS
646-502-4812
nstarr@express.

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EXPRESS congratulates Kris Bryant for being named Major League Baseball National League Most Valuable Player 2016
EXPRESS congratulates Kris Bryant for being named Major League Baseball National League Most Valuable Player 2016

SOURCE: EXPRESS, Inc.

Express, Inc. to host 3Q2016 results conference call on Thursday, December 1, 2016

COLUMBUS, Ohio, 2016-Nov-20 — /EPR Retail News/ — Express, Inc. [NYSE:EXPR], a specialty retail apparel chain, today (Nov. 17, 2016) announced that the Company will conduct a conference call to discuss third quarter 2016 results on Thursday, December 1, 2016 at 9:00 a.m. ET. Earlier that morning, the Company will issue a press release detailing those results. The conference call will be hosted by David Kornberg, President and Chief Executive Officer, Matthew Moellering, Executive Vice President and Chief Operating Officer, and Perry Pericleous, Senior Vice President and Chief Financial Officer.

Investors and analysts interested in participating in the call are invited to dial (877) 705-6003 approximately ten minutes prior to the start of the call. The conference call will also be webcast live at: http://www.express.com/investor and remain available for 90 days. A telephone replay of this call will be available at 12:00 p.m. ET on December 1, 2016 until 11:59 p.m. ET on December 8, 2016 and can be accessed by dialing (877) 870-5176 and entering replay pin number 13650225.

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America and the Middle East. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Media Contact:
Express, Inc.
Robin Hoffman
614-474-4834
Director of Communications

Investors Contact:
ICR, Inc.
Allison Malkin
203-682-8225

Source: Express, Inc.

Express, Inc. announces the appointment of Terry Davenport to its Board of Directors

COLUMBUS, Ohio, 2016-Nov-11 — /EPR Retail News/ — Express, Inc. (NYSE:EXPR), a specialty retail fashion brand operating more than 650 stores, announced that Terry Davenport has been appointed to its Board of Directors as a Class III director, effective today. Mr. Davenport is currently Global Brand Advisor for Starbucks Coffee Company. With this appointment, the size of the Board has been expanded from seven to eight directors.

“We are excited to welcome Terry to the Board. He is an insightful business and brand strategist who will bring unique skills in the areas of brand strategy, innovation, creative, design, advertising and marketing”

Throughout his career, Mr. Davenport has held various senior leadership roles in the areas of brand building, marketing, advertising and retail design for leading consumer brands. Mr. Davenport has spent the last ten years of his career at Starbucks Coffee Company, where he has served as Global Brand Advisor since February 2014. His prior roles at Starbucks include: SVP of Global Creative Studios, SVP of Marketing and Category for Europe, Middle East, and Africa (EMEA), and SVP of Marketing for the U.S. He originally joined Starbucks as VP of Brand Strategy and Consumer Insights in October 2006. Prior to joining Starbucks, Mr. Davenport held senior brand leadership roles with YUM! Brands, PepsiCo. and Omnicom Agencies. He began his career at BBDO in Dallas and New York City after earning a graduate degree from Medill at Northwestern University.

“We are excited to welcome Terry to the Board. He is an insightful business and brand strategist who will bring unique skills in the areas of brand strategy, innovation, creative, design, advertising and marketing,” said Mylle Mangum, Chairman of the Board.

“Terry’s breadth of experience with many of the world’s most recognizable brands is something that will be a strong asset to Express as we continue to focus on providing an exceptional brand experience as part of our long-term growth strategy,” said David Kornberg, President and Chief Executive Officer of Express. “I look forward to him joining our Board and to the value he’ll bring through his extensive business and branding experience.”

“I am honored to join the Express Board,” said Davenport, “Express is a strong brand that has a clear focus on great product and an engaging customer experience both in store and online.”

About Express, Inc.:

Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30-year-old customer. Express has more than 35 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions. The company currently operates more than 650 retail and factory outlet stores, located primarily in high-traffic shopping malls, lifestyle centers, and street locations across the United States, Canada, and Puerto Rico. Express merchandise is also available at franchise locations in Latin America and the Middle East. Express also markets and sells its products through its e-commerce website, www.express.com, as well as on its mobile app.

Contacts:

Media:
Express, Inc.
Robin Hoffman
614-474-4834
Director of Communications

Investors:
ICR, Inc.
Allison Malkin
203-682-8225

Source: Express, Inc.