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Express (NYSE:EXPR) is a specialty retailer of apparel and accessories for men and women, with over 500 stores in the US and Latin America. The apparel company has undergone a successful turnaround strategy, focusing on e-commerce, loyalty programs, and product innovation.
As a result, Express increased revenue by 54.8% year-over-year in 2021. Unfortunately, revenue growth in 2022 and 2023 declined, most likely due to higher inflation and a souring macroeconomic outlook that deterred certain consumer spending habits.
However, as the economic environment improves, investors could be that Express will be able to capitalize on those growth trends. Now that the stock is trading down 58.9% for the year, it could make a good entry point for investors with enough risk appetite.
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