Express, Inc. filed a motion in the US Bankruptcy Court for approval of auction procedures to select a liquidation agent on April 22, 2024. The debtor seeks the Court?s approval on an agency agreement to conduct 95 store?s-closing sales with Hilco Merchant Resources, LLC or a higher bidder. Pursuant to the agency agreement, the entity selected as the highest and best bidder at the auction and approved by the Court would purchase the Inventory for a guaranteed percentage of its net retail value and use its best efforts to sell the furniture, fixtures, and equipment for a commission.

The debtor commenced sale for 26 Stores on April 20, 2024, and the sale termination date shall be no later than June 30, 2024.