4.6 • 716 Ratings
🗓️ 29 April 2024
⏱️ 6 minutes
🧾️ Download transcript
Today is Monday, April 29, and we're looking at Express vs. H&M.
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0:49.2 | Thank you. From Wondery. I'm David Brown, and this is Business Wars Daily on this April 29th. Happy Monday, everybody. |
1:06.0 | It's the end of an era for a long-time mall mainstay. Express Inc. has filed for Chapter 11 bankruptcy. The retailer |
1:13.5 | will close roughly 95 of its 500 express locations and all 10 of its smaller, more casual, |
1:19.6 | up-west stores. So now, a bit of a eulogy, if you will. If you came of age in the early 2000s, |
1:26.6 | you're undoubtedly familiar with Express's |
1:28.6 | gauzy blouses, cocktail dresses, and statement jewelry. But what you may not know is just how |
1:34.1 | intertwined Express was with the growth of other so-called mall brands, those brands that are |
1:38.8 | specially designed and situated to draw attention in a crowded shopping center setting. |
1:49.4 | In 1980, Limited Brands opened its first Express store, a women's clothing shop called Limited Express in Chicago. |
1:51.6 | By 1986, that first store had expanded to 250. |
1:55.7 | Yes, that quickly, and began testing men's clothing concepts. |
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