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Francesca’s Says It Is Liquidating Inventory and Will Close Soon

Vendors report roughly $250 million in unpaid invoices as the retailer faces renewed strain following its 2020 bankruptcy.

Overview

  • A company customer service representative confirmed the chain is liquidating inventory and closing soon, with no firm shutdown date provided.
  • The website is running a “warehouse sale” with clearance items priced at $15 and under, and in-store liquidation events were reported to start imminently.
  • Employees and merchants say they were let go without warning, with staff posts on LinkedIn describing widespread job losses and store closures.
  • Vendors allege the company owes about $250 million and has not communicated, and some say unpaid goods are included in the liquidation.
  • Multiple outlets report the company may seek new Chapter 11 protection, which has not been uniformly confirmed, while the site still lists 457 stores in 45 states.