Fashion retailer Express plans to close 91 stores as part of a "fleet rationalization" after a sales slump during the holidays, USA TODAY reported. The company said yesterday that it will close 31 stores by the end of January, another 35 by the end of January 2021 and the rest by 2022. The company also recently closed nine stores for a total of 100 overall. Express had 411 primarily mall-based retail stores and 215 outlet stores as of Nov. 2, according to a public filing. With a new CEO on board since May, Express said that it has been devising a turnaround strategy. That plan, revealed yesterday, includes an overhaul for the company's loyalty program this fall, "inventory optimization," curated fashion choices and $80 million in cost cuts, including previously announced plans to cut 10 percent of the jobs at its Columbus, Ohio, headquarters and New York design studio.
