Francesca's Holdings Corp fka FRANQ

[236T568]

Francescas Sees 14% Comparable Sales Decline for 3Q, Will Close Stores

4:32 PM ET 11/26/18 | Dow Jones


By Josh Beckerman

Francesca's Holdings Corp. (FRAN) said third-quarter net sales fell to $95 million from $106 million a year earlier, reflecting a 14% comparable sales decrease. In September, it projected a comparable sales decline of 3% to 8%.

The retailer also said it is evaluating its real estate portfolio. "We believe a smaller brick & mortar boutique footprint for the near term coupled with a strong .com presence is the right approach going forward," the company said.

Francesca's said, "It is clearly taking longer than we anticipated to achieve an inflection point in the business."

Write to Josh Beckerman at [e-mail]

> Dow Jones Newswires

November 26, 2018 16:32 ET (21:32 GMT)

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