Express files for bankruptcy, plans to close nearly 100 stores

Express has filed for bankruptcy and plans to close nearly 100 of its 500 retail locations, the Columbus, Ohio-based clothing retailer said on Monday.

A source of modestly priced outfits for more than 40 years, closing sales begin on Tuesday at around 95 of the company stores, including all of its UpWest locations, Express said in a statement.

The company operates some 530 Express retail and Express Factory Outlet stores in the U.S. and a dozen UpWest stores, according to its website.