WHITEHALL TWP., Pa. \u2013 Following its second bankruptcy filing in roughly six years, a prominent fashion retailer is in its final weeks.<\/p>\n
The last Lehigh Valley location of Francesca\u2019s, a boutique chain offering a wide assortment of women\u2019s clothing and accessories, is set to close on March 28 at the Lehigh Valley Mall in Whitehall Township, an employee told 69 News.<\/p>\n
The upcoming shuttering will follow the closure of another Lehigh Valley Francesca\u2019s location at Promenade Saucon Valley in Upper Saucon Township in February.<\/p>\n
The Whitehall store is hosting a storewide sale, with all items discounted 40% to 70% off their original prices (limited exceptions apply).<\/p>\n
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Displayed signs read \u201cnothing held back!\u201d and \u201ceverything must go!\u201d<\/p>\n
Discounts have increased over the past couple of months, with the store having offered items at 10% to 30% off their original prices in January.<\/p>\n
Francesca\u2019s is hosting going-out-of-business sales at all of its more than 400 stores after filing for Chapter 11 bankruptcy protection in February for the second time in approximately six years.<\/p>\n
The filing is intended to facilitate a court-supervised process to maximize value for stakeholders.<\/p>\n
Tiger Group, SB360 Capital Partners and GA Group, acting as advisors to francesca’s, in February commenced the court-approved store closing sales across the company’s entire store fleet as part of the Chapter 11 process.<\/p>\n
“Shoppers will find discounts of 25 to 40 percent off across all product categories, and new merchandise will continue to arrive at stores,” said Michael McGrail of Tiger Group in a written statement.<\/p>\n
\u201cIt’s an opportunity to add to or accessorize your wardrobe, find unique gifts, or just go on a treasure hunt for extraordinary deals.”<\/p>\n
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A Francesca’s store closed earlier this year at Promenade Saucon Valley in Upper Saucon Township.<\/p>\n
Shoppers can browse merchandise that includes sweaters and cardigans, rompers and jumpsuits, blouses, skirts, dresses, loungewear, intimates, denim jackets, rings, earrings, necklaces, bracelets, gifts and more.<\/p>\n
“This process provides a structured path to pursue the best outcome for all stakeholders,” said Curt Kroll, fracesca\u2019s chief financial officer, in a written statement. “We remain focused on operating responsibly and supporting our teams, partners, and guests throughout this process.”<\/p>\n