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Francesca’s Has Too Many Stores and They’re Bleeding the Company’s Cash

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Store closures are piling up at one hard-hit retailer. Women’s budget fashion chain Francesca’s is planning to shutter another 97 stores on top of the previously announced scheme to kill up to 140 doors. The retailer, which succumbed to Chapter 11 last week after adopting a so-called poison pill or shareholder rights plan last year…

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