francesca’s® Announces Appointment of Ivy R. Spargo as Senior Vice President and Chief Merchandising Officer
November 13 2017 - 5:00PM
Francesca’s Holdings Corporation (NASDAQ:FRAN) today announced the
appointment of Ivy R. Spargo as Senior Vice President and Chief
Merchandising Officer. Ms. Spargo will assume her role
leading the Company’s merchandising team on November 27,
2017.
Steve Lawrence, President and CEO, stated, “We are excited to
announce Ivy’s appointment and are thrilled to have her on the
francesca’s team. Ivy is a strong leader and a strategic
thinker who has a deep specialty retail background and brings with
her more than 20 years of retail experience. We believe that Ivy’s
insights and expertise will enable her to quickly embrace our
target customer as she guides the team in consistently delivering a
broad and shallow assortment of unique fashion at great value to
the francesca’s customer. We look forward to her
contributions as she leads the team in building a compelling
product assortment to surprise and delight our guest on each and
every visit.”
Ms. Spargo was most recently Senior Vice President, General
Merchandise Manager of Sephora inside JCPenney and Women’s
Specialty Apparel for JCPenney, Inc, where she was responsible for
developing and leading the strategic plan and direction for these
businesses. Prior to joining JCPenney in 2013, she served as
Vice President and General Merchandise Manager for women’s apparel
and accessories at Lands’ End Inc. Before that, she held
various merchandising roles at Nike Inc., including managing the
direct retail business and women’s sportswear. She was
previously a merchandiser for The Limited Inc. and started her
career in the merchandising organization at The Gap Inc. Ms. Spargo
holds a bachelor degree from the Fashion Institute of
Technology.
Forward-Looking Statements
Certain statements in this release are "forward-looking
statements" made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. Such
forward-looking statements reflect our current expectations or
beliefs concerning future events and are subject to various risks
and uncertainties that may cause actual results to differ
materially from those that we expected. These risks and
uncertainties include, but are not limited to, the following: the
risk that we cannot anticipate, identify and respond quickly to
changing fashion trends and customer preferences or changes in
consumer environment, including changing expectations of service
and experience in boutiques and online, and evolve our business
model; our ability to attract a sufficient number of customers to
our boutiques or sell sufficient quantities of our merchandise
through our ecommerce business; our ability to successfully open
and operate new boutiques each year; our ability to efficiently
source and distribute additional merchandise quantities necessary
to support our growth; and our ability to successfully integrate
our next Chief Merchant. For additional information regarding these
and other risks and uncertainties that could cause actual results
to differ materially from those contained in our forward-looking
statements, please refer to "Risk Factors" in our Annual Report on
Form 10-K for the year ended January 28, 2017 filed with the
Securities and Exchange Commission on March 22, 2017 and any risk
factors contained in subsequent quarterly and annual reports we
file with the SEC. We undertake no obligation to publicly update or
revise any forward-looking statement.
About Francesca's Holdings Corporation
francesca's® is a growing specialty retailer which operates a
nationwide-chain of boutiques providing customers a unique, fun and
personalized shopping experience. The merchandise assortment
is a diverse and balanced mix of apparel, jewelry, accessories and
gifts. Today, francesca's® operates approximately 692 boutiques in
47 states and the District of Columbia and also serves its
customers through francescas.com. For additional information on
francesca's®, please visit www.francescas.com.
CONTACT:ICR, Inc.Jean Fontana
646-277-1214
CompanyKelly Dilts 832-494-2236Kate Venturina
832-494-2233IR@francescas.com
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