Tuesday, December 11, 2018

Francesca’s swings to Q1 loss; to evaluate store portfolio

Chain Store Age
Francesca’s Holdings Corp. posted a loss in its first-quarter as traffic to its stores slowed.

The women’s apparel and accessories retailer had a net loss of $16.2 million in the quarter ended Nov.3, compared to earnings of $0.2 million in the year-ago period. 

Sales fell 10% to $95.4 million, slightly ahead of estimates of $95.1 million. Same-store sales fell 14%.. . . more