Express’s stock jumps 30% but is still down 38% on the week amid bankruptcy concerns

Express Inc.’s stock was up 29% on Thursday, but was still down 38% on the week, amid concerns that the troubled clothing retailer may be close to filing for bankruptcy.

Express has hired M3 and law firm Kirkland & Ellis to advise it on the restructuring of nearly $280 million of debt that has become challenging to cover amid declining sales, the Wall Street Journal reported earlier this week.

The…