After this month’s announcement that its stores would be closing nationwide, fashion chain Francesca’s filed plans to permanently cease operations following a “periodic progression” of store closures and layoffs that began last week, according to a report from Retail Dive.
A date for the shutdown was not given.
The chain’s website is currently offering all clearance for $15 or less and 30% off sitewide.
Francesca’s filed for Chapter 11 bankruptcy protection in 2020, roughly 21 years after it was founded, before selling to TerraMa Capital’s affiliate Francesca’s Acquisition LLC for $18 million in 2021.
However, in recent years, vendors, including several small businesses, complained online the chain hadn’t paid them for their products.
The chain currently has about 460 stores across the United States, including 9 in Alabama located in Birmingham (2), Foley, Huntsville (2), Leeds, Mobile, Montgomery and Tuscaloosa.
