Francesca's Holdings Corp

Am Turnaround wird gearbeitet. Das ganze hat auch eine Chance, da die Schulden sehr gering sind.

- plans to close 30 to 40 stores in fiscal year 2019, which begins Feb. 3.
- Francesca's has identified 129 underperforming boutiques
- Within the next three years, 106 of those will reach the end of their leases or kick-out clauses, meaning Francesca’s will be able to vacate the space
- closing these boutiques at kick-out or lease-end is the best decision because closing them earlier will be costlier than their cumulative negative contribution margin over the term of the lease
- Francesca’s only plans to relocate or open about 10 new stores in 2019
- the 80 stores remodeled so far in 2018 have been performing well

- The company expects 2019 capital expenditures to be about $10 million, focusing on long-term e-commerce and IT strategies, compared to about $30 million for 2018
- e-commerce still represent only 10 percent of Francesca’s total sales

Quelle: https://www.bizjournals.com/houston/news...yptr=yahoo