Friday, June 2, 2017

Express shares crater as tough times at the mall force retailer to trim outlook

Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017.The retailer's shares sank on the heels of its disappointing first-quarter report Thursday.

With Thursday's losses, the stock has tumbled more than 56 percent over the past 12 months and is down about 40 percent for the year-to-date period.

First-quarter same-store sales, including those made on its e-commerce platform, fell 10 percent, compared to a 3 percent drop in the same period a year ago, Express said Thursday.. . . more

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