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Francesca’s Chases Tweens and Loungewear While Bankruptcy’s on the Table

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Already having expressed “substantial doubt” about its ability to operate as a going concern since the start of the Covid-19 pandemic, Francesca’s is officially pursuing strategic alternatives, including bankruptcy protection. The women’s specialty apparel retailer made the decision after posting a second-quarter sales decline of 29 percent to $75.7 million and net losses in the…

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