>Trump's economy is a rising tide lifting all boa-
Welp...
>Francesca’s Q1 loss widens; sales plunge; closing at least 30 stores this year
>Francesca’s turnaround is still in the future.
>The accessories and apparel retailer, which earlier this year announced it is exploring a “strategic financial review,” reported a net loss of $10.1 million, or $0.29 diluted loss per share, for the quarter ended May 4, compared to prior year quarter net loss of $3.9 million, or $0.11 diluted loss per share. Adjusted net loss was $6.4 million, or $0.18 adjusted diluted loss per share.
>Net sales decreased 13% to $87.1 million from $100.4 million. Same-store sales fell 13% amid a decline in traffic and conversion rates.
>Francesca’s expects to close at least 30 locations this year, CFO Kelly Dilts told analysts on the company’s earnings call. The company ended the quarter with 722 stores.
Oh no, the same store as all the other stores in the mall is struggling.
Nicholas Johnson
>Francesca's Never heard of it.
Gabriel Wright
>People start shopping online. >Stores lose money and have to have less staff on hand. The staff that they can keep have pay severely cut, meaning that the employees are no longer motivated to be dedicated to job. >People go into stores and have shitty expensive experiences and decide to start shopping more online. >Repeat
This is a literal just a feedback loop that was set into action in the early 2000's.
This is just a sign of technological "progress".
Michael Taylor
Call me when their sites shut down, dumbfuck. People are just ordering online more, and you know why? Malls are now full of spics and niggers so white people avoid them(nobody wants to risk their child being flung from a food court balcony because they wanted to stop by footlocker) and the spics and niggers who do hang out at malls fucking shoplift so physical locations are losing too much money to justify putting up with that.
Isaac Robinson
>womens clothes >probably overpriced as fuck gee I wonder why they are doing badly
Nathaniel Watson
Hey, are you implying that our government literally run by evil aliens does not have our best interests at heart? What are you, an anti-Semite?
Nope. These 30 new closings were announced TODAY. Francesca's had previously announced closings, but these are new.
Isaac Harris
>Largest Stop being a lying kike, faggot. It's nowhere near as big as you want to pretend it is for your retarded shitpost about a man who lives RENT FREE IN YOUR HOLLOW HEAD. Kill yourself, niggerkike.
Ever heard of a type writer or blockbuster? It’s called changing technology user. The president can’t control major shifts in progress.
Evan Myers
Daily reminder that Sears and Montgomery Wards Catalogs killed the General Store. Malls killed Sears and MW. Interwebs killed Malls.
Something will come along and kill interweb shopping.
Hakuna Pootata. Circle of life or something..
Bentley Hughes
This. And, OP neglects to mention that ALL mall stores are dying out becuz of interweb shoppers, as has been a growing trend for nearly 20 years, but of course, THIS IS ALL DRUMPF'S FAULT GUISE!!!!!!
Retail investor here. What should we do? All the chains we've invested in (US, CA, EU) are shrinking or closing, their CEOs are retards and don't get how to compete with Amazon. Suggestions?
