Last €10.95 EUR
Change Today -0.245 / -2.19%
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As of 1:47 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

express inc (02Z) Snapshot

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11/15/13 - €18.26
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05/30/14 - €8.65
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express inc (02Z) Details

Express, Inc. operates as a specialty apparel and accessory retailer primarily in the United States. Its stores provide apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles comprising work, casual, jeanswear, and going-out occasions. As of February 1, 2014, it operated approximately 632 retail stores located primarily in shopping malls, lifestyle centers, and street locations in the United States, Canada, the District of Columbia, and Puerto Rico. Express, Inc. also distributes its products through the company's e-commerce Website,, as well as franchisees Express stores in Latin America and the Middle East. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is based in Columbus, Ohio.

Founded in 1980

express inc (02Z) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $1.5M
Total Annual Compensation: $1.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $494.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $742.3K
Executive Vice President of Sourcing & Produc...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

express inc (02Z) Key Developments

Express Inc. Announces Management Changes

Express Inc. announced that Mr. Michael Weiss, Chairman and Chief Executive Officer of the Company, will retire as Chief Executive Officer of the Company, effective January 30, 2015, and that the Board of Directors of the Company appointed Mr. David Kornberg, President, to assume the role of Chief Executive Officer, in addition to his role of President, effective upon Mr. Weiss' retirement. Mr. Weiss will serve as non-executive Chairman of the Board of Directors of the Company following his retirement as Chief Executive Officer. Effective upon the date that Mr. Kornberg assumes the role of Chief Executive Officer, the Board of Directors of the Company will automatically increase in size from seven to eight and Mr. Kornberg will be appointed as a Class II director to fill the vacancy. Mr. Kornberg, age 46, has served as the Company's President since October 2012. Mr. Kornberg first joined Express in 1999 and has held various roles of increasing responsibility, including as Executive Vice President of Men's Merchandising and Design from December 2007 to October 2012 and General Merchandise Manager of the Express Men's business prior to that.

Sycamore Mulls Remaining Stake In EXPR

Sycamore Partners is looking to acquire the remaining stake in Express Inc. (NYSE:EXPR). EXPR confirmed that it has received a letter from Sycamore indicating that Sycamore is interested in acquiring EXPR. EXPR has established a special committee of the Board to determine a course of action it believes is in the best interest of all stockholders. Perella Weinberg Partners LP acted as the financial advisor and Sullivan & Cromwell LLP acted as the legal advisor for EXPR and the special committee.

Express, Inc. Declares Cash Dividend, Payable on June 23, 2014

On June 12, 2014, the Board of Directors of Express Inc. declared a dividend payable on June 23, 2014 of one right for each outstanding share of common stock, par value $0.01 per share, of the Company held of record at the close of business on June 23, 2014.


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