Express, Inc. may file for bankruptcy, as of article February 24, 2024. Company lost over $150 million in three quarters ended October. At least one lender to Express Inc. has approached the retailer to put aside a pool of money for expenses tied to a potential future bankruptcy filing, according to people with knowledge of the matter.

A demand to set aside so-called cash reserves, if enforced, could push Express into Chapter 11 as it would eat into limited liquidity available for necessary payments to vendors, landlords and other parties.