Neshaminy Mall’s Express Store to Close
The popular clothing retailer, Express, has announced plans to close its store in the Neshaminy Mall later this month.
It seems as if this type of news has become more and more frequent. Express announced plans on Wednesday to close a significant number of their retail locations over the next few years, to save money, according to CNBC.
The news came yesterday that the retailer will close approximately 100 stores between now and 2022.
A total of 31 stores are expected to close by the end of this month (January). The only local store on the closing list, which was just announced is the Neshaminy Mall store. The Quaker Bridge Mall and Oxford Valley locations will stay open... for now, according to a report from Business Insider.
Another 35 stores will be going out of business by the end of January 2021, according to the company. Right now there are more than 600 stores and outlets in the U.S. and Puerto Rico.
I have to say, it doesn't surprise me that Express is in trouble. I find it to be very expensive, with online, similar options, much cheaper. The article says that sales are declining. The retailer reportedly had a disappointing holiday sales season in 2019.
An exact closing date for the Neshaminy Mall store has not been announced just yet.