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Table of Contents




(Mark One)
x 


o 



(Exact name of registrant as specified in its charter)
 
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 
(Address of principal executive offices) (Zip Code)


 
Common Stock, $.01 Par Value New York Stock Exchange

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes x No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer x
Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company) Smaller reporting company o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x
Aggregate market value of the registrant's common stock held by non-affiliates of the registrant as of August 2, 2013: $1,885,759,430.
The number of outstanding shares of the registrant's common stock was 84,083,437 as of March 21, 2014.

Portions of the registrant's definitive proxy statement for the Annual Meeting of Stockholders, to be held on June 12, 2014, are incorporated by reference into Part III of this Annual
Report on Form 10-K.
1

Table of contents

  • Page 1
    ... (State or other jurisdiction of incorporation or organization) 1 Express Drive Columbus, Ohio (Address of principal executive offices) 26... statement for the Annual Meeting of Stockholders, to be held on June 12, 2014, are incorporated by reference into Part III of this Annual Report on Form 10-K....

  • Page 2
    Table of Contents Table Of Contents Part I ITEM 1. BUSINESS. ITEM 1A. RISK FACTORS. ITEM 1B. UNRESOLVED STAFF COMMENTS. ITEM 2. PROPERTIES. ITEM 3. LEGAL PROCEEDINGS. ITEM 4. MINE SAFETY DISCLOSURES. Part II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER ...

  • Page 3
    ... those expressed in our forward-looking statements. We caution you not to place undue reliance on these forward-looking statements. We do not undertake any obligation to make any revisions to these forward-looking statements to reflect events or circumstances after the date of this Annual Report on...

  • Page 4
    ... L Brands. In May 2010, Express, Inc., the parent company of subsidiaries that operate our business, was converted into a Delaware corporation and completed an initial public offering ("IPO"), including listing its common stock on the New York Stock Exchange. In this Annual Report on Form 10-K, we...

  • Page 5
    ...to improve overall profit margins as our e-commerce business becomes a greater percentage of our sales. In 2013, e-commerce represented 15% of our total sales. Expand Internationally. We believe Express has the potential to be a successful global brand. We ended the year with 12 franchisee-operated...

  • Page 6
    ..., Indonesia, Vietnam, Sri Lanka, and the Philippines. Our top 10 manufacturing facilities, based on cost, supplied approximately 30% of our merchandise in 2013. We purchase our merchandise using purchase orders and, therefore, are not subject to long-term production contracts with any of our vendors...

  • Page 7
    Table of Contents Our Stores Logations As of February 1, 2014, we operated 632 stores in 47 states across the United States, as well as in the District of Columbia, Puerto Rico, and Canada. The following store list shows the number of stores we operated in the United States and Puerto Rico as of ...

  • Page 8
    ...customer service and expertise. On average, our store managers have been with Express for 7 years. We believe our managers and associates deliver a superior... employ social media, digital, and mobile tactics. In addition, in December 2013, we began operation of a 9,000 square foot LED screen, which is...

  • Page 9
    ... management, design, planning and allocation, and financial reporting. During 2013, we made additional investments to begin upgrading our ...In addition, we own domain names for many of our trademarks, including express.com. We believe our material trademarks have significant value, and we vigorously...

  • Page 10
    ... Information We make available, free of charge, on our website, www.express.com, copies of our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities...

  • Page 11
    ... centers or discount stores, increasing the competitive pricing pressure for those products. Our sales and margins were adversely affected in 2013 by the promotional environment. If promotional pressure remains intense, either through actions of our competitors or through customer expectations, this...

  • Page 12
    ... our merchandise distribution, transaction processing, financial accounting and reporting, the efficiency of our operations, and our ability to...effect on us. We sell merchandise over the Internet through our website, express.com. Our Internet operations may be affected by our reliance on third-party...

  • Page 13
    Table of Contents expose us to risks of data loss, litigation and liability, and could seriously disrupt operations and harm our reputation, any of which could adversely affect our financial condition and results of operations. In addition, state, federal and foreign governments are increasingly ...

  • Page 14
    Table of Contents • significant labor disputes, such as dock strikes. We cannot predict whether the countries in which our merchandise is manufactured, or may be manufactured in the future, will be subject to new or additional trade restrictions imposed by the United States or other foreign ...

  • Page 15
    Table of Contents outlay, which could adversely affect our ability to continue opening new stores. To the extent we open new stores in markets where we have existing stores, our existing stores in those markets may experience reduced net sales. Additionally, we plan to expand our business ...

  • Page 16
    .... In 2013, Express, LLC received notice of a potential claim alleging improper collection of zip codes in violation of Massachusetts law. See Note 14 to our Consolidated Financial Statements included in "Item 8. Financial Statements and Supplementary Data" in Part II of this Annual Report on Form...

  • Page 17
    ...respect of our indebtedness. We also have, and will continue to have, significant lease obligations. As of February 1, 2014 , our minimum annual rental obligations under long-term lease arrangements for 2014 and 2015 were $187.3 million and $155.8 million , respectively. Our substantial indebtedness...

  • Page 18
    ... results of any tax audits could adversely affect our financial results. We are currently under examination by the IRS for the years ended February 2, 2013 , January 28, 2012 and January 29, 2011 Tax returns are generally subject to examination for 3 to 5 years after filing of the respective return...

  • Page 19
    ... proceedings is set forth in Note 14 to our Consolidated Financial Statements included in "Item 8. Financial Statements and Supplementary Data" in Part II of this Annual Report on Form 10-K and is incorporated herein by reference. ITEM 4. MINE STFETY DISCLOSURE. Not applicable. 19

  • Page 20
    ... maintained by depositories. The table below sets forth the high and low sales prices per share of our common stock reported on the NYSE for 2013 and 2012. Market Prige High Low 2013 Fourth quarter Third quarter Second quarter First quarter $ $ $ $ 24.78 24.07 23.18 19.21 $ $ $ $ 17.32 19.44...

  • Page 21
    Table of Contents Month November 3, 2013 - November 30, 2013 December 1, 2013 - January 4, 2014 January 5, 2014 - February 1, 2014 Total (1) ...stock purchased in connection with employee tax withholding obligations under the Express, Inc. 2010 Incentive Compensation Plan (as amended, the "2010...

  • Page 22
    Table of Contents 5/13/10 1/29/11 Express, Inc. S&P 500 Index Dow Jones U.S. Apparel Retailers Index $ $ $ 100.00 $ 100.00 $ 100.00 $ 105.91 $ 110.27 $ 103.16 $ 1/28/12 2/2/13 2/1/14 134....

  • Page 23
    ... data as of February 1, 2014 and February 2, 2013 and for the years ended February 1, 2014 , February 2, 2013, and January 28, 2012 are derived from our audited Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K. The selected historical consolidated financial...

  • Page 24
    ...Delaware limited liability company into a Delaware corporation and changed our name to Express, Inc. In connection with this conversion, all of our equity interests,...least thirteen full months as of the end of the reporting period. For 2013, comparable sales were calculated based on the 52-week ...

  • Page 25
    ...below and elsewhere in this Annual Report on Form 10-K, particularly in the section entitled "Risk Factors." All references herein to "2013", "2012", and "2011...of closures; entered into a new franchise arrangement to bring the Express brand to South Africa; Progress against our fourth growth pillar, ...

  • Page 26
    ...new Express Factory Outlet Stores with approximately 15 of these openings being conversions from existing retail stores. Expand Our e-Commerce Platform In 2013, ...were open at least thirteen full months as of the end of the reporting period. We include e-commerce in our comparable sales, as this is...

  • Page 27
    ... the various line items in the Consolidated Statements of Income and Comprehensive Income as a percentage of net sales for the last three years. 2013 2012 2011 Net sales 100 % Cost of goods sold, buying and occupancy costs Gross profit Selling, general, and administrative expenses Other operating...

  • Page 28
    ...,588 742,639 $ $ 1,325,998 754,461 The 210 basis point decrease in gross margin, or gross profit as a percentage of net sales, in 2013 compared to 2012 was comprised of a 120 basis point deterioration in merchandise margin and a 90 basis point increase in buying and occupancy costs. The decrease...

  • Page 29
    ... GAAP numbers because no adjustments were made to net income or earnings per diluted shares for 2013 or 2012. We supplement the reporting of our financial information determined under United States Generally Accepted Accounting Principles ("GAAP") with certain non-GAAP financial measures: adjusted...

  • Page 30
    ... were made to net income or earnings per diluted share for 2013 or 2012, and, therefore, no tabular reconciliation has been included... for those years. 2011 (in thousands, exgept per share amounts) Reported GAAP Measure Net Ingome Transaction Costs (a)* Interest Expense (b)* Adjusted Non...

  • Page 31
    ...the decrease in cash provided by operations primarily related to the following: • Items included in net income provided $197.9 million of cash during 2013 compared to $218.8 million during 2012. The decrease in the current year was primarily driven by the decreased performance of the business as...

  • Page 32
    ... as part of the Board-approved Repurchase Program versus $35.1 million in 2013. The cash used in financing activities in 2011 was primarily related to the... 10% of the borrowing base. Senior Notes On March 5, 2010, Express, LLC and Express Finance Corp., as co-issuers, issued $250.0 million of 8 3/4%...

  • Page 33
    ...included in our operating lease agreements are not included above. Estimated annual expense incurred for such charges is approximately $107.9 million. ...higher degree of judgment or complexity and are most significant to reporting its results of operations and financial position and are, therefore, ...

  • Page 34
    Table of Contents Desgription of Poligy Judgments and Ungertainties Effegt if Tgtual Results Differ from Tssumptions Gift Card Breakage We sell gift cards in our retail stores and through our e-commerce website and third parties, which do not expire or lose value over periods of inactivity. We ...

  • Page 35
    ...of and for the year ended February 1, 2014. Intangible Tssets Intangible assets with indefinite lives, primarily trade names, are reviewed for impairment annually in the fourth quarter and may be reviewed more frequently if indicators of impairment are present. The impairment review is performed by...

  • Page 36
    ... and liabilities are recognized for the estimated future tax consequences of temporary differences that currently exist between the tax basis and the financial reporting basis of our assets and liabilities. Deferred tax assets and liabilities are measured using the enacted tax rates in effect in the...

  • Page 37
    ... Financial Statements for further information on the calculation of the rates. We did not borrow any amounts under our Revolving Credit Facility during 2013. Borrowings under our Senior Notes bear interest at a fixed rate. For fixed rate debt, interest rate changes affect the fair value of such...

  • Page 38
    ... material respects, the financial position of Express, Inc. and its subsidiaries at February 1, 2014 and February 2, 2013, and the results of their operations ... Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of...

  • Page 39
    ...EXPRESS, INC. CONSOLIDTTED BTLTNCE SHEETS (Tmounts in Thousands, Exgept Per Share Tmounts) February 1, 2014 February 2, 2013... cost; 5,893 shares and 4,098 shares at February 1, 2014 and February 2, 2013, respectively (66,644) 371,162 Total stockholders' equity Total liabilities and stockholders' ...

  • Page 40
    Table of Contents EXPRESS, INC. CONSOLIDTTED STTTEMENTS OF INCOME TND COMPREHENSIVE INCOME (Tmounts in Thousands, Exgept Per Share Tmounts) 2013 NET SALES COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS Gross profit 2012 2011 $ 2,219,125 1,501,418 717,707 $ 2,157,227 1,414,588 742,...

  • Page 41
    Table of Contents EXPRESS, INC. CONSOLIDTTED STTTEMENT OF CHTNGES IN STOCKHOLDERS' EQUITY (Tmounts in Thousands...translation 16,308 371 - - 105,012 (66,541) (13) BALANCE, February 2, 2013 Net income 371,162 Issuance of common stock Share-based compensation Tax benefit from share-based ...

  • Page 42
    Table of Contents EXPRESS, INC. CONSOLIDTTED STTTEMENTS OF CTSH FLOWS (Tmounts in Thousands) 2013 CASH FLOWS FROM OPERATING ACTIVITIES: Net income 2012 2011 $ Depreciation and amortization 116,539 $ 139,267 67,727 124 $ 140,697 Adjustments to reconcile net ...

  • Page 43
    ... 2013 , and the 52-week period ended January 28, 2012 . Basis of Presentation Express, Inc., a holding company, owns all of the outstanding equity interests in Express ...or annual consolidated financial statements. The Company will disclose the impact of the errors on previously reported amounts ...

  • Page 44
    ..., respectively. Outstanding checks not yet presented for payment amounted to $38.3 million and $43.7 million as of February 1, 2014 and February 2, 2013 , respectively, and are included in accounts payable on the Consolidated Balance Sheets. Fair Value of Finangial Tssets and Liabilities Fair value...

  • Page 45
    ...totaled $85.9 million, $85.8 million , and $83.2 million in 2013, 2012, and 2011, respectively. Advertising costs are included in selling, ...the "Card Agreement"). Each private label credit card bears the logo of the Express brand and can only be used at the Company's retail store locations and ...

  • Page 46
    ... Intangible assets with indefinite lives are reviewed for impairment annually in the fourth quarter and may be reviewed more frequently... did not incur any impairment charges on intangible assets in 2013, 2012, or 2011. Leases and Leasehold Improvements The Company...reporting basis of the Company's 46

  • Page 47
    ...million and $17.2 million as of February 1, 2014 and February 2, 2013 , respectively, and was included in accrued liabilities on the Consolidated Balance ...accrued based on known claims and estimates of incurred but not reported ("IBNR") claims. IBNR claims are estimated using historical claim ...

  • Page 48
    ... million and $24.0 million , as of February 1, 2014 and February 2, 2013 , respectively, and is included in deferred revenue on the Consolidated Balance Sheets. ...segment. Therefore, the Company reports results as a single segment, which includes the operation of its Express brick-and-mortar retail ...

  • Page 49
    ... 2013, 2012, and 2011, and as of February 1, 2014 and February 2, 2013, respectively, were not material and, therefore, not reported...$64.6 million , and $63.0 million in 2013, 2012, and 2011 , respectively. 4. Leased Fagilities and Commitments Annual store rent consists of a fixed minimum amount and...

  • Page 50
    ... expire in 2023 and 2030. As of February 1, 2014 and February 2, 2013 there was $63.2 million and $16.2 million , respectively, of landlord ... basis once construction begins. Once the store opens, the Company will not report rent expense for the portion of the rent payment determined to be related ...

  • Page 51
    ... obligations/other $ $ 196,144 1,668 20,175 217,987 $ $ - - 19,106 19,106 $ $ 196,144 1,668 1,069 198,881 February 2, 2013 Tggumulated Cost Tmortization Ending Net Balange (in thousands) Tradename Internet domain name/trademark Net favorable lease obligations/other $ $ 196,144 1,575...

  • Page 52
    Table of Contents The Company is party to a logistics services agreement with an affiliate of L Brands, which provides certain inbound and outbound transportation and delivery services, distribution services, and customs and brokerage services. In addition, the Company is also party to a ...

  • Page 53
    ...40.3% The following table provides the effect of temporary differences that created deferred income taxes as of February 1, 2014 and February 2, 2013 . Deferred tax assets and liabilities represent the future effects on income taxes resulting from temporary differences and carry-forwards at the end...

  • Page 54
    ... related to unrecognized tax benefits as a component of income tax expense. The amount of net interest in tax expense related to interest and penalties for 2013, 2012, and 2011 was negligible. The Company is subject to US federal income tax as well as income tax in multiple foreign, state and local...

  • Page 55
    ...3/4% Senior Notes Debt discount on Senior Notes Total long-term debt February 2, 2013 (in thousands) $ $ 200,850 (1,680) 199,170 $ $ 200,850 (2,007) 198,843 Revolving Credit Facility On July 29, 2011, Express Holding, a wholly-owned subsidiary, and its subsidiaries entered into an Amended and...

  • Page 56
    ... and restrictions on the activities of Express, LLC, Express Finance, and Express, LLC's restricted subsidiaries, including, but... weeks after the merchandise shipment date. As of February 1, 2014 and February 2, 2013, there were no outstanding trade LCs. Additionally, the Company enters into stand-by...

  • Page 57
    .... In 2010, the Board approved, and the Company implemented, the Express, Inc. 2010 Incentive Compensation Plan (as amended, the "2010 Plan...future issuance. The following summarizes our share-based compensation expense: 2013 2012 (in thousands) 2011 Stock options Restricted stock units and...

  • Page 58
    ...which to estimate the term. The Company does not currently plan on paying regular dividends. Restricted Stock Units and Restricted Stock During 2013, the Company granted restricted stock units ("RSUs") under the 2010 Plan, including 0.5 million RSUs with performance conditions.The fair value of the...

  • Page 59
    ...million shares of common stock were excluded from the computation of diluted earnings per share for 2013, 2012, and 2011 , respectively, as the effects of the awards would have been... based on a percentage of the employees' eligible annual compensation and years of service. Employee contributions and ...

  • Page 60
    ...distributed upon termination of employment in either a lump sum or in equal annual installments over a specified period of up to 10 years. Total expense ... Plan was $2.6 million , $3.5 million , and $3.6 million , in 2013, 2012, and 2011 , respectively. The Company elected to account for this...

  • Page 61
    ... Subsidiary as an unrestricted subsidiary. On August 26, 2012, Express, LLC contributed certain assets and liabilities to a newly created Guarantor... period ended February 2, 2013, as presented in the Company's Annual Report on Form 10-K for the year ended February 2, 2013, income tax expense (benefit...

  • Page 62
    ..., INC. CONDENSED CONSOLIDTTING BTLTNCE SHEET (Tmounts in thousands) February 1, 2014 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Tssets Current assets Cash and cash equivalents Receivables, net Inventories Prepaid minimum rent...

  • Page 63
    ..., INC. CONDENSED CONSOLIDTTING BTLTNCE SHEET (Tmounts in thousands) February 2, 2013 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Tssets Current assets Cash and cash equivalents Receivables, net Inventories Prepaid minimum rent...

  • Page 64
    ..., INC. CONDENSED CONSOLIDTTING STTTEMENT OF INCOME TND COMPREHENSIVE INCOME (Tmounts in thousands) 2013 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Net sales $ Cost of goods sold, buying and occupancy costs Gross profit Selling...

  • Page 65
    ..., INC. CONDENSED CONSOLIDTTING STTTEMENT OF INCOME TND COMPREHENSIVE INCOME (Tmounts in thousands) 2011 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Net sales Cost of goods sold, buying and occupancy costs $ - $ 1,289,795 900...

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    ..., INC. CONDENSED CONSOLIDTTING STTTEMENT OF CTSH FLOWS (Tmounts in thousands) 2013 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Operating Tgtivities Net cash (used in) provided by operating activities Investing Tgtivities Capital...

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    ...INC. CONDENSED CONSOLIDTTING STTTEMENT OF CTSH FLOWS (Tmounts in thousands) 2012 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Operating Tgtivities Net cash provided by operating activities $ Investing Tgtivities Capital expenditures...

  • Page 68
    ..., INC. CONDENSED CONSOLIDTTING STTTEMENT OF CTSH FLOWS (Tmounts in thousands) 2011 Subsidiary Express, Ing. Issuers Guarantor Subsidiaries Other Subsidiaries Eliminations Consolidated Total Operating Tgtivities Net cash provided by (used in) operating activities $ Investing Tgtivities Capital...

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    ...Data (Unaudited) Summarized unaudited quarterly financial results for 2013 and 2012 follows: 2013 Quarter First Segond Third Fourth (in thousands, exgept...be disclosed in our Exchange Act of 1934 reports is recorded, processed, summarized, and reported within the time periods specified in the SEC...

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    ... Annual Report on Form 10-K. Changes in Internal Control Over Finangial Reporting There were no changes in our internal control over financial reporting ... quarter of 2013 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. ITEM 9B...

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    ... Statement for our 2014 Annual Meeting of Stockholders. PTRT IV ITEM 15. EXHIBITS, FINTNCITL STTTEMENT SCHEDULES. (a) (1) Consolidated Finangial Statements The following consolidated financial statements of Express, Inc. and its subsidiaries are filed as part of this report under Item 8. Financial...

  • Page 72
    ...(incorporated by reference to Exhibit 10.5 to the Quarterly Report on Form 10-Q, filed with the SEC on June 6, 2013). 10.7+ Amended and Restated Express, Inc. 2010 Incentive Compensation Plan (incorporated by reference to Appendix B to Express Inc.'s definitive proxy statement on Schedule 14A, filed...

  • Page 73
    ... Share Unit Agreement (incorporated by reference to Exhibit 10.3 to the Quarterly Report on Form 10-Q, filed with the SEC on June 6, 2013). 10.17 Form of Indemnification Agreement (incorporated by reference to Exhibit 10.22 to the Express S-1, filed with the SEC on April 30, 2010). 10.18 Form of...

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    Table of Contents (g) Finangial Statement Sghedules None. 74

  • Page 75
    ... 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: April 1, 2014 EXPRESS, INC. By: /s/ D. Paul Dascoli D. Paul Dascoli Senior Vice President, Chief Financial Officer and...

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    Exhibit 21.1 Subsidiaries of Express, Inc. Name Express Topco LLC Express Holding, LLC Express, LLC Express Finance Corp. Express GC, LLC Express Fashion Apparel Canada Inc. Express Fashion Operations, LLC Express Canada GC GP, Inc. Express Canada GC, LP Express Fashion Logistics, LLC Jurisdiction...

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    ... ACCOUNTING FIRM We hereby consent to the incorporation by reference in the Registration Statements on Form S-3 (No. 333-178347) and S-8 (No. 333-168097) of Express, Inc., of our report dated April 1, 2014 relating to the financial statements and the effectiveness of internal control over financial...

  • Page 78
    ... THE SARBANES-OXLEY ACT OF 2002 I, Michael A. Weiss, certify that: 1. 2. I have reviewed this Annual Report on Form 10-K of Express, Inc. for the year ended February 1, 2014 ; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material...

  • Page 79
    ...OF THE SARBANES-OXLEY ACT OF 2002 I, D. Paul Dascoli, certiuy that: 1. 2. I have reviewed this Annual Report on Form 10-K ou Express, Inc. uor the year ended February 1, 2014 ; Based on my knowledge, this report does not contain any untrue statement ou a material uact or omit to state a material...

  • Page 80
    ... SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Express, Inc. (the "Company") on Form 10-K for the year ended February 1, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned Michael A. Weiss, Chief Executive Officer of the...

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