Francesca’s news and archive

Hilco to oversee competitive sale process of Francesca’s, ‘robust’ interest reported

A sale process for the assets of womenswear retail chain Francesca’s has been launched, with advisors already reporting “robust” interest in the brand. Hilco Global has been appointed as the asset disposition consultant for Francesca’s Acquisition, LLC and its debtor affiliates following a stalking horse agreement with Stand Out For Good, Inc....

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Business

Francesca’s: The journey to a second bankruptcy for the mall-based retail chain

US retail chain Francesca’s has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of New Jersey. The news comes after media reports speculated that the company was already in the process of liquidating its inventory and was planning to close stores. At the time, it was suggested that Francesca’s was also...

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Business

Womenswear retailer Francesca’s begins liquidation process

US womenswear retailer Francesca’s is believed to have begun closing its stores after sources suggested it had launched a liquidation process last week. A bankruptcy filing is also anticipated. According to WWD, when contacted for a comment, a customer service representative told the media outlet that “we are liquidating our inventory and...

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Management

Francesca’s acquires apparel brand Richer Poorer

American speciality retail group Francesca's Acquisition LLC has acquired LA-based apparel and lifestyle brand Richer Poorer for an undisclosed price to bolster its channel reach and expand product categories. In a statement, the retail group, which operates a nationwide chain of Francesca's and Franki by Francesca's boutiques offering fashion,...

Retail

Francesca's launches new mobile shopping app

Francesca's has debuted a new mobile app as it transitions into a digital-focused commerce model. The retailer recently announced closures of 140 stores, all expected to shutter by the end of January 2021. Now, the retailer is working to make online shopping more convenient for its customers. TheFrancesca's app is currently available for iOS...

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Management|ANALYSIS

Francesca’s tops Nasdaq daily percentage gainers after weak Q1 results

New York - Francesca’s first-quarter earnings report were in line with the gloomy expectations the company set in June. As explained by the company, the sales decline was due to COVID-19-related store closures, though e-commerce offset some of those losses. Sales for the period dropped 50 percent to 43.8 million dollars, but, looking ahead, the...

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Business

Francesca’s Holdings and Poq to launch mobile shopping app

Francesca’s Holdings Corporation and application commerce company Poq have announced their collaborative plans to develop the first mobile app of American retailer Francesca’s. The app, which is scheduled to launch for iOS this summer, with Android to follow later this year, will enhance customer experience, as well as include a new digital...

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People

Francesca’s CFO to depart

American retailer Francesca’s, which has become known for offering multiple brands in clothing, accessories, and lifestyle products, has announced that its current chief executive officer and executive vice president Kelly Dilts, will be resigning from her position on July 19. In the same announcement, the company shared that Cindy Thomassee,...

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Fashion

Francesca's to close at least 30 stores this year

Francesca's is looking to close quite a few of its stores. After reporting a 13 percent decrease in its net sales compared to last year for its first quarter results, the womenswear boutique retailer announced that it will shutter at least 30 stores this year. The company reported a loss of 10.1 million dollars, and noted in its earnings report...

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Business

Francesca’s Holding’s earnings outlook falls short from market expectations

Francesca's Holdings Corp. gave Wednesday a weaker-than-expected earnings outlook for its current quarter and full year. For the first quarter ending in May, the retailer forecast per-share earnings of 15 cents to 18 cents on revenue of 93 million to 96 million dollars. Meanwhile, analysts polled by Thomson Reuters forecast earnings per share...