Express closing 91 stores as fashion retailer grapples with declining sales

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Express closing 91 stores

Fashion retailer Express plans to close 91 stores as part of a "fleet rationalization" after a sales slump during the holidays.

The move comes amid a rash of store closures following the holiday shopping season.

Bed Bath & Beyond is closing 60 locations, with the list being revealed Tuesday. And Schurman Retail Group plans to close its Papyrus and American Greetings stores, totaling about 254 locations, within the next four to six weeks.

Express has been grappling with challenges that have undermined other mall retailers in recent years – namely declining foot traffic, fast-fashion rivals and online competition.

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