Express swings to loss in Q3, comparable sales drop 5 percent

Third quarter net sales at Express, Inc. decreased 5 percent to 488.5 million dollars with consolidated comparable sales down 5 percent. The company said in a statement that comparable retail sales, which include both Express stores and e-commerce, decreased 5 percent compared to the third quarter of 2018. In total, retail sales decreased to 356.8 million dollars and comparable outlet sales decreased 5 percent versus the third quarter of 2018. In total, outlet sales increased to 114.1 million dollars from 108.4 million dollars in the third quarter of 2018.