Profile: Express Inc (EXPR.N)
9 Dec 2016
Express, Inc., incorporated on June 10, 2008, is a specialty apparel and accessories retailer offering both women's and men's merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions. The Company operates through a segment, which include the operation of its brick-and-mortar retail and outlet stores, e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website, www.express.com, and has franchise agreements with franchisees that operate Express locations in Latin America, the Middle East and South Africa.
The Company operates approximately 650 stores across the United States, in Canada and in Puerto Rico, including over 80 factory outlet stores. The Company's products are created by its in-house design team. The Company has a portfolio of products that have brand value, including the Editor pant and 1MX shirt. The Company designs its products and displays them in its stores and online in a coordinated manner that allows its customers to purchase multi-item outfits as opposed to individual items. The Company maintains a customer loyalty program, in which customers earn points toward rewards for qualifying purchases and other marketing programs. Upon reaching specified point values, customers are issued a reward, which they may redeem for purchases at the Company's the United States' stores or on its Website.
The Company purchases its merchandise outside of the United States through arrangements with approximately 70 vendors utilizing approximately 310 manufacturing facilities located in approximately 20 countries throughout the world, primarily in Asia and South and Central America. The Company has an agreement with a third party to provide customers with private label credit cards. Each private label credit card bears the logo of the Express brand and can only be used at the Company's retail store locations and Website.
1 Express Dr
COLUMBUS OH 43230-1496