Profile: Express Inc (EXPR.K)
18 Dec 2017
Express, Inc., incorporated on June 10, 2008, is a specialty apparel and accessories retailer offering both women's and men's merchandise. The Company targets women and men between 20 and 30 years old. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions. The Company is engaged in 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 its mobile application, and has franchise agreements with franchisees that operate Express locations in Latin America.
The Company operated 656 stores across the United States, in Canada and in Puerto Rico, including 104 factory outlet stores, as of January 28, 2017. The Company's products are created by its in-house design team. The Company's portfolio of apparel products includes brands, such as Portofino shirt, 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 purchased its merchandise outside of the United States through arrangements with approximately 109 vendors utilizing approximately 348 manufacturing facilities located in approximately 24 countries throughout the world, primarily in Asia, and South and Central America, as of January 28, 2017. 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