Retail

Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy

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Signage for Francesca’s Collections, a subsidiary of Francesca’s Holdings Corp., is displayed outside of a store in Shrewsbury, New Jersey.

Emile Warnsteker | Bloomberg | Getty Images

The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court documents, dealing another blow to mall owners.

The Houston-headquartered company, which filed for Chapter 11 last week, had previously said it planned to close about 140 of its 700 stores — roughly half of which are in U.S. shopping malls.

The bankruptcy filing and news of more store closures comes in the midst of the holiday season and follows…



Source cnbc.com

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