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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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