All EXPRESS stores in Canada will likely be gone in as little as six weeks as the company filed for creditor protection in Canada. Stores remain open in the US but the tough Canadian market coupled with high exchange rates plus increasing rent costs in malls mean that they will not be attempting the long drawn out bankruptcy we have experienced with other brands.
EXPRESS expects to start closing stores mid May with employees being paid until at least mid June. Don’t expect sales right away, they said the sales will begin in a week or so.
The chain says they will honour gift cards through the liquidation process but gave no information on if they will offer refunds. Sales may not start right away, but you may want to keep an eye on your local store’s closing date to use them up. Once stores close, Canadian customers will still be able to shop Express on their website.
Gift card advice-redeem ASAP before redemption rules change or swap card with someone who wants it.