reports
francesca's® Announces Court Approval of Sale Process and Entry Into S...
francesca's® Announces Court Approval of Sale Process and Entry Into Stalking Horse Asset Purchase Agreement Bids due on January 13, 2021 at 5:00 p.m. (prevailing Eastern Time) Company Enters Into Stalking Horse Agreement With TerraMar Capital and Tiger Capital Group to Acquire Company as Going Concern, Subject to Higher and Better Offers francesca’s® Continuing to Serve Customers in the Ordinary Course HOUSTON, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (the “Company”) today announced that the U.S. Bankruptcy Court for the District of Delaware (the “Court...
francesca’s® Receives Court Approval of First Day Motions to Support O...
francesca’s® Receives Court Approval of First Day Motions to Support Ongoing Operations francesca’s® Boutiques and E-commerce Continue to Provide Customers a Unique, Fun and Personalized Shopping Experience Obtains Interim Approval to Access $15 Million of DIP Financing to Facilitate Sale Process While Continuing to Serve Customers in the Ordinary Course HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that all “First Day” motions presented to the U.S. Bankruptcy Court for the District of Delaware (the “Court”) on December 8,...
francesca’s® Files Voluntary Chapter 11 to Implement Sale
francesca’s® Files Voluntary Chapter 11 to Implement Sale Company Obtains $25 Million in Financing to Facilitate Sale Process While Continuing to Serve Customers in the Ordinary Course Process Aimed at Addressing Lease Obligations, Positioning the Company for New Ownership for Long-Term and Brand Sustainability HOUSTON, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that the Company, along with its subsidiaries, has voluntarily filed for relief under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District...
francesca’s® Announces Reporting Date for Second Quarter Fiscal Yea...
francesca’s® Announces Reporting Date for Second Quarter Fiscal Year 2020 Financial Results HOUSTON, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced plans to report second quarter fiscal year 2020 financial results on Tuesday, September 15, 2020, before the market opens. The Company plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. To participate in the call, please dial 1-877-451-6152 and passcode 13709000. To listen to a live webcast via the internet, please visit the investor relations sec...
francesca’s® Provides Business Update and Second Quarter Outlook; ...
francesca’s® Provides Business Update and Second Quarter Outlook; Reports Final First Quarter Fiscal Year 2020 Financial Results HOUSTON, July 28, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today provides a business update and reports financial results for the first quarter ended May 2, 2020. Mr. Andrew Clarke, President and CEO, stated, “Sales of reopened boutiques are trending within our expectations, with higher conversion largely offsetting lower traffic trends. With an increased focus on boutique promotions, as part of our phased reopening plans, we hav...
francesca’s® Partners with Poq to Develop Mobile Application
francesca’s® Partners with Poq to Develop Mobile Application HOUSTON and NEW YORK, July 02, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) and Poq today announced its partnership to develop francesca’s® first mobile application. As part of the Company’s effort to meet the customer wherever, whenever and however she chooses to shop, francesca’s® plans to launch a new iOS app this summer and a new Android app later this year, in time for Black Friday and the holiday season. Recognizing that mobile is increasingly becoming her preferred way to shop, this applicatio...
francesca’s® Provides Update on COVID-19 Response and Reports Selec...
francesca’s® Provides Update on COVID-19 Response and Reports Select Preliminary First Quarter Fiscal Year 2020 Financial Results Reopened 593 boutiques as of June 12, 2020 First quarter 2020 net sales decreased 50% to $43.8 millionDelays filing of Quarterly Report on Form 10-Q HOUSTON, June 18, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today provides an update on its COVID-19 response and reports select preliminary financial results for the first quarter ended May 2, 2020. These preliminary results do not include the impact of non-cash impairment charges ...
francesca’s® Announces Reporting Date for Preliminary First Quarter...
francesca’s® Announces Reporting Date for Preliminary First Quarter Fiscal Year 2020 Financial Results HOUSTON, June 16, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced plans to report preliminary first quarter fiscal year 2020 financial results on Thursday, June 18, 2020, before the market opens. The Company plans to hold a conference call to discuss its preliminary financial results the same day at 8:30 a.m. ET. To participate in the call, please dial 1-877-451-6152 and passcode 13705343. To listen to a live webcast via the internet, please vis...
francesca’s® Reports Fourth Quarter and Fiscal Year 2019 Financial ...
francesca’s® Reports Fourth Quarter and Fiscal Year 2019 Financial Results and Provides Update on COVID-19 Pandemic Response Fourth quarter net sales were flat at $119.0 million and comparable sales increased 1%Fourth quarter GAAP loss per share was $3.97Fourth quarter adjusted loss per share was $0.31 (see Non-GAAP Information below)Material COVID-19 response measures to improve the Company’s liquidity underway HOUSTON, May 01, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today reported financial results for the fourth quarter and fiscal year ended February 1...
francesca’s® Provides a Business Update on COVID-19
francesca’s® Provides a Business Update on COVID-19 HOUSTON, March 20, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that in response to the continued spread of COVID-19, it has temporarily closed substantially all of its stores effective March 20, 2019. The remainder of its stores will remain open, subject to monitoring of the rapidly developing situation, with limited hours of operation. The Company continues to serve its customers on The Company also announced that it will postpone its fourth quarter and full year fiscal 2020 earnings anno...
francesca’s® Announces Appointment of Andrew Clarke to President an...
francesca’s® Announces Appointment of Andrew Clarke to President and Chief Executive Officer HOUSTON, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced the appointment of Mr. Andrew Clarke as the Company’s President and Chief Executive Officer (“CEO”) and as a member of the board of directors, effective March 9, 2020. Mr. Clarke will replace Mr. Michael Prendergast who has served as Interim CEO since February 4, 2019. As part of the Company’s consulting agreement with Alvarez and Marsal (“A&M”), Mr. Prendergast will remain with francesca’s ...
francesca’s® Reports Third Quarter Fiscal Year 2019 Financial Resul...
francesca’s® Reports Third Quarter Fiscal Year 2019 Financial Results Comparable sales increased 1%Net sales were relatively flat at $95.5 millionLoss per share was $1.76 compared to $5.59 in the same period last yearAdjusted loss per share was $1.12 compared to $2.08 in the same period last year (see Non-GAAP Information below) HOUSTON, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today reported financial results for the third quarter ended November 2, 2019. Michael Prendergast, Interim CEO, stated, “We were pleased with our third quarter results w...
francesca’s® Announces Reporting Date for Third Quarter Fiscal Year...
francesca’s® Announces Reporting Date for Third Quarter Fiscal Year 2019 Financial Results HOUSTON, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced plans to report third quarter fiscal year 2019 financial results on Tuesday, December 10, 2019, before the market opens. The Company plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. To participate in the call, please dial 1-877-451-6152 and passcode 13696995. To listen to a live webcast via the internet, please visit the investor relations section...
francesca’s® Reports Second Quarter Fiscal Year 2019 Financial Resu...
francesca’s® Reports Second Quarter Fiscal Year 2019 Financial Results Net sales decreased 6% to $106.0 million and comparable sales decreased 5%Diluted earnings per share was $0.61 compared to $0.16 in the same period last yearAdjusted diluted earnings per share was $0.72 (see Non-GAAP Information below) HOUSTON, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today reported financial results for the second quarter ended August 3, 2019. Michael Prendergast, Interim CEO, stated, “We are very pleased to see significant improvement in our compar...
francesca’s® Announces Appointment of New Board Chair and Explorati...
francesca’s® Announces Appointment of New Board Chair and Exploration of Board Expansion HOUSTON, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (the “Company”) (Nasdaq: FRAN) today announced that its Board of Directors appointed Richard Emmett to replace Richard Kunes as Chair, effective November 1, 2019. Mr. Kunes will continue to serve on the Board of Directors until January 31, 2020 as previously announced, and will continue to serve as chair of the Board until November 1, 2019. Mr. Emmett joined the Company’s Board in December 2009. During his tenure, he ha...
francesca’s® Announces Reporting Date for Second Quarter Fiscal Yea...
francesca’s® Announces Reporting Date for Second Quarter Fiscal Year 2019 Financial Results HOUSTON, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced plans to report second quarter fiscal year 2019 financial results on Tuesday, September 10, 2019, before the market opens. The Company plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. To participate in the call, please dial 1-877-451-6152 and passcode 13693991. To listen to a live webcast via the internet, please visit the investor relations sect...
francesca’s® Announces $10 million Term Loan Agreement Completion ...
francesca’s® Announces $10 million Term Loan Agreement Completion of Strategic Alternatives Review HOUSTON, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (the “Company”) (Nasdaq: FRAN) today announced that it has entered into a second lien term loan Credit Agreement (“Term Loan Credit Agreement”) with Tiger Finance, LLC. The Company simultaneously announced the completion of its previously announced strategic alternatives review. Following a thorough review process, the board of directors has concluded that the Company will best serve the interests of its stockholder...
francesca’s® Adopts Stockholder Rights Plan
francesca’s® Adopts Stockholder Rights Plan HOUSTON, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (the “Company”) (Nasdaq: FRAN) today announced that its Board of Directors unanimously adopted a Rights Agreement (the “Rights Plan”) and declared a dividend of one preferred share purchase right (a “Right”) on each outstanding share of the Company’s common stock, par value $0.01 per share (the “Common Stock”) following the Board’s evaluation and consultation with the Company’s advisors. The Board adopted the Rights Plan to deter any entity, person or group from gaining...
francesca’s® Announces Departure of Chief Financial Officer
francesca’s® Announces Departure of Chief Financial Officer Company promotes Cindy Thomassee, Chief Accounting Officer, to Chief Financial Officer HOUSTON, July 01, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that Kelly Dilts, Executive Vice President and Chief Financial Officer, has informed the Company of her plans to resign from her position effective July 19, 2019 to pursue another opportunity. The Company has named Cindy Thomassee, currently serving as Senior Vice President and Chief Accounting Officer, to assume the role of Executive Vi...
francesca’s® Announces Reverse Stock Split
francesca’s® Announces Reverse Stock Split HOUSTON, June 28, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that its Board of Directors approved a reverse stock split of the Company’s common stock at a ratio of 12-to-1. Earlier on June 28, 2019, at the Company’s 2019 annual meeting of stockholders, the Company’s stockholders approved a reverse stock split of the Company’s common stock at a ratio not less than 5-to-1 and not greater than 35-to-1. The reverse stock split is expected to be effective after market close on July 1, 2019 (the “Effective ...
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