The recent declines are tamping down prospects for Express, one of the country's biggest clothing retailers, market watchers say. Express hopes to raise about $304 million this week.The 30-year-old chain's 573 stores sell clothes aimed at men and women in their 20s. Express is going public after spending the past few years improving its marketing process, launching its online store and revamping its clothing offerings, shifting from a focus on work outfits to one centered on casual and party wear and jeans.
Market Volatility Weighs On IPOs This Week
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.