“How long can the cash last?”
That's the burning question for Francesca's Holdings (FRAN), a boutique-like retailer attempting to deliver a broad and shallow fashion assortment for women aged 18 to 35 in a treasure hunt experience. Unlike many retailers struggling because of the COVID-19 shutdown, Francesca's attempts to succeed have been lacking for several years.
Ability to Continue
When the retailer reported its fiscal 2019 fourth-quarter and full-year results on May 1st, it included a warning about its “ability to continue as a going concern.”
As a parting gesture