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Express announces plan to close 100 stores in cost-cutting effort

The retail chain is looking to make $80 million in savings.

More woes in the retail world, with Express the latest company to announce store closures.

The fashion chain has announced it will be making the closures by 2022, with nine stores having already closed at the end of last year.

A further 31 will close by the end of this month, with 35 more following by January 2021, and the remaining 25 by the following year.

It comes as the store looks to make $80 million of savings 

The stores earmarked for closure have not yet been publicly announced, but Express has 12 locations in Minnesota:

  • Northtown Mall, Blaine.
  • Mall of America, Bloomington.
  • Burnsville Center.
  • Miller Hill Mall, Duluth.
  • Eden Prairie Center.
  • Southdale Center, Edina.
  • Shoppes at Arbor Lakes, Maple Grove.
  • Maplewood Mall.
  • Ridgedale Center, Minnetonka.
  • Rosedale Center, Roseville.
  • Crossroads Mall, St. Cloud.
  • Woodbury Lakes.

The company's CEO Tim Baxter said the cost-cutting plan, dubbed the "EXPRESSway Forward," will bring the retailer back to profitable growth.

While it remains to be seen whether Minnesota stores will be hit by the Express cuts, Minnesota Bed, Bath & Beyond locations were spared in a cull of 40 stores announced by the chain this week.

USA Today provided a list of stores that will be closing in 2020, and none of them are in Minnesota.

It's less good news though for staff at the two Papyrus locations in Minnesota, with its parent company Schurman Retail Group announcing all of the card retailer's stores will close over the next 4-6 weeks.

Papyrus has stores at the Galleria in Edina and Ridgedale in Minnetonka.

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