Dartmouth Mall Express Store to Close as Company Files for Bankruptcy Protection
NORTH DARTMOUTH (WBSM) — The Dartmouth Mall Express store is set to close as the company has filed for bankruptcy protection and is seeking to sell its remaining stores.
The Dartmouth Mall store is one of 95 Express stores set to close as the company has filed for voluntary Chapter 11 bankruptcy protection “to facilitate the sale process” to a consortium that includes WHP Global, Simon Property Group and Brookfield Properties.
According to WCVB, two other Massachusetts stores – on Newbury Street in Boston and at the South Bay Center in Dorchester – are also set to close.
The company said in a release that the closing sales for affected stores would start on Tuesday, April 23.
The release said Express retail stores and factory outlets – as well as its other brands, Bonobos Guideshops and UpWest stores – will all be open per their usual hours during this process. Their online sites are still taking orders, item return policies remain unchanged, gift cards and store credits can still be redeemed, and the Express Insider program benefits are expected to remain the same.
“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations,” Stewart Glendinning, Chief Executive Officer, said in the release.
“We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives,” he said. “WHP has been a strong partner to the Company since 2023, and the proposed transaction will provide us additional financial resources, better position the business for profitable growth and maximize value for our stakeholders.”
Express said the company “has received a commitment for $35 million in new financing from certain of its existing lenders, subject to court approval. Additionally, on April 15, 2024, the Company received $49 million in cash from the Internal Revenue Service related to the CARES Act.”
The Dartmouth Mall Express included both a men and women’s side. The store was previously spared when Express shuttered 100 stores back in 2020.
READ MORE: Clothing Store Express Closing Stores Across the Country
According to the company’s website, Express is “a fashion-forward apparel brand and style community whose purpose is to create confidence and inspire self-expression.”
Other Massachusetts and Rhode Island stores that are unaffected by the sale at this time include Providence Place, Warwick, Patriot Place in Foxboro and the Cape Cod Mall in Hyannis.
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