Overview
- A company representative told Women’s Wear Daily the chain is “liquidating our inventory and closing soon,” following days of outside reports of a wind-down.
- SFGATE reached Bay Area and Los Angeles locations that confirmed active clearance sales, generally starting at 20% off all merchandise.
- Sources told WWD the retailer’s merchants were let go on January 14 without notice, a move seen as signaling an imminent shutdown.
- One vendor told WWD the company owes roughly $250 million for unpaid merchandise, a claim that has not been independently verified.
- Francesca’s website still lists about 400 to 450 stores across 45 states, Newsweek tallied 33 in California, and no closure dates or new bankruptcy filing have been announced.