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Francesca’s to Close All Stores as Liquidation Sales Begin

An email to WWD confirms liquidation without a broader public statement.

Overview

  • Company representatives told Women’s Wear Daily they are liquidating inventory and “closing soon.”
  • Clearance discounts are active in stores and online, with no confirmed timetable for final closures.
  • The website now says all sales are final as of Jan. 14, including gift cards and other purchases.
  • Industry reports describe abrupt layoffs of store employees, while a vendor alleges about $250 million in unpaid invoices and no corporate communication.
  • No formal closure announcement or new bankruptcy filing has been made, and the chain still lists roughly 457 stores in 45 states with more than 3,000 employees.