Shares of retailer Express fell to a record low Wednesday after the company reported a drop in same-store sales for its fourth-quarter. It also provided a grim outlook for its latest quarter.
The stock ended the day more than 10 percent lower at $9.59 per share, and is down 50 percent over the last 12 months, according to FactSet.
On Wednesday, the Columbus, Ohio-based company said its same-store sales in the fourth-quarter, including e-commerce, fell 13 percent, more than the 12 percent consensus estimate provided by Thomson Reuters. That also compares to a 4 percent increase in the fourth quarter of 2015.
