Mall retailer Express Inc. has filed for bankruptcy and will close more than 100 stores.

In a statement issued Monday, Express Inc. said it will file Chapter 11 bankruptcy to facilitate a sale to WHP Global and mall landlords Simon Property Group and Brookfield Properties. Bankruptcy filings list assets and liabilities in the range of $1 billion to $10 billion.

The company will close 95 Express retail stores and all of its UpWest branded locations, starting this week. Locations to be closed have not been announced. Express operates about 542 stores in the U.S. and Puerto Rico.

“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations,” Stewart Glendinning, Chief Executive Officer, said in a statement. “We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives.”

Express also named Mark Still as its new CFO. Still had been serving as interim CFO since 2023.