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Francesca’s Sees 49.8% Sales Drop as Concerns Rise Over Liquidity

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After disclosing a going-concern warning in a regulatory filing this week, women’s specialty chain Francesca’s Holdings Corp. on Thursday outlined where its business stands in the wake of the pandemic. Francesca’s temporarily closed 703 boutiques in March as the virus started to spread stateside, and though 593 of its stores have reopened, the company said,…

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