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Popular women’s clothing store Francesca’s is a mall staple known for its great pieces and accessories Reportedly closed forever.
Multiple reports suggest the chain is Planning to file for Chapter 11 bankruptcy. Retailer Letting employees go this week Without warning, according to Women’s Wear Daily.
A customer service representative from the store told reporters release: “We are clearing inventory and closing soon.”
Francesca’s website is promoting a “Last Chance, Online Only” warehouse sale, with clearance items retailing for $15 or less. In addition to festive dresses and jumpsuits, the sale also includes sweaters, tops, jewelry and more.
Based in Houston, Texas, Francesca’s opened in 1999 and is known for its quirky accessories in addition to women’s sweaters and dresses. The retailer has grown significantly since then, with its website now listing 457 stores in 45 states. It’s unclear whether the stores have closed.
independent Francesca has been contacted for comment.
In 2020, Francesca’s filed for bankruptcy and closed hundreds of stores. houston chronicle. At the time, the retailer cited the pandemic and increased competition from online retailers. In 2021, the company changed ownership and was sold to affiliates of TerraMar Capital and Tiger Capital for $18 million. chronicle.
While the retailer has struggled recently, fans have expressed their disappointment at news of the impending closure.
“First forever 21 and now you?! Please don’t close! I can only get my jewelry from you!” one shopper commented on a recent Instagram post on Francesca’s page.
The company didn’t release information about the new products until this week. The latest social media post on Francesca’s page on Friday advertises the warehouse sale. Comments appear to be closed, limiting shoppers’ speculation.
Francesca’s is the latest retailer to find itself in trouble, joining Saks Global, the parent company of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus. filed for bankruptcy earlier this week, This puts the future of the largest luxury department store group in the United States into trouble.
The company initiated Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. Press release Wednesday.
The company said it had secured $1.75 billion in creditor financing to support its transition process and appointed Geoffroy van Raemdonck, who led Neiman Marcus Group before it was acquired by Saks in 2024, as its new chief executive, effective immediately.
However, Saks Global has not indicated that its stores — which include Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow — will face closures in the near future.