Particle.news
Download on the App Store
4 ARTICLES
·
2h ago

Francesca’s to Liquidate and Shut Down Stores Nationwide

The wind-down follows years of post-bankruptcy expansion that strained the retailer’s finances.

Image
The courtyard areas of the Hunt Valley Towne Center is about to be revamped. (Kenneth Lam, The Baltimore Sun)
Image

Overview

  • Francesca’s confirmed in a customer service email that it is liquidating its inventory and will close soon.
  • Storewide liquidation sales are reported to begin Friday, with some inventory described by a vendor as unpaid.
  • Vendors report widespread nonpayment, including one claim of $250 million owed, and say corporate communication has been minimal.
  • Employees were let go without warning, according to internal sources and staff posts that reference roles ending as stores prepare to close.
  • The chain previously filed Chapter 11 in 2020, was sold in 2021 to a TerraMar affiliate, pursued the Franki line and a 2023 Richer Poorer acquisition, and drew customer complaints over delayed refunds.