The long-anticipated year-end results were reported on Friday May, 3rd for Francesca's Holdings (FRAN), The “boutique” retailer has been under due stress for years. Yes, due stress - not undue stress.
Despite years of warning, Francesca's long-term intention of opening new boutiques to mask the failings of established boutiques finally collided with reality in 2018. The collision's rubble included yet another CEO resignation, the appointment of an interim CEO alongside an announcement the retailer would be exploring strategic options.
Source: Author-created
As well, it is noteworthy the annual results were only reported