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Stores struggling but e-commerce is strong at Express

Dan Eaton
American City Business Journals

The Columbus-based retailer Thursday reported a 1 percent increase in sales to $479.4 million and a 1 percent increase in comparable store sales – the first such gain since fourth quarter 2015. In a Thursday morning call with stock analysts, CEO David Kornberg said that trend isn’t likely to change, with e-commerce expected to be 30 percent of total sales in 2018 and as much as 40 percent in the future. The continued decline of store sales doesn’t mean its physical retail is on a path toward obsolescence.