Express approves $100 million share buyback

Express Inc. , the specialty retail apparel and accessories chainn, said it has approved a $100 million share buyback program. This latest buyback follows a previous one that expired on Nov. 28. Under that program, the company repurchased about 2.1 million shares at a total cost of $40 million. The next repurchases are expected to take place over the next 12 months. Express shares are down 14.9% over the past three months. The S&P is up 5.4% for the same period.

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