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Francesca's Falls as Retailer's Results are Hit by Harsh Winter

Francesca's Holdings reported fiscal fourth-quarter earnings that fell 29%, and the retailer is blaming it on the harsh winter weather. CEO Neill Davis said store closures due to extreme winter conditions hurt results. Davis said the negative trends have continued into the current quarter, hurting the retailer's ability to clear out fall and winter merchandise. He added that the company's quarterly outlook reflects its expectation that customer traffic will remain soft this quarter.