Express Now a 'Much More Powerful' Denim Player, CEO Says - NewsBreak

Express reported its "best denim performance in recent history," though the specialty retailer is looking at $15 million in extra Q4 costs to mitigate the supply-chain bottlenecks that have already forced it to air freight shipments from Bangladesh, Indonesia and Vietnam. In a Nutshell: CEO Tim Baxter told Wall Street analysts that Express has sufficient inventory to sustain the second quarter's double-digit comp sales gain, and is "bringing product in early," should demand continue into the back half. The retailer "placed orders in late spring for the fall season for October-November deliveries and so those are coming in early," he added, noting...