Francesca's Closing All Stores Nationwide, Including at Crossgates

Women's clothing retailer liquidating inventory and shutting down operations after over 25 years in business.

Jan. 27, 2026 at 10:39am

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Francesca's, a women's clothing and accessories retailer with over 450 stores across 45 states, has announced it is closing all of its locations nationwide, including its sole Capital Region store at Crossgates Mall in Albany, New York. The company is currently liquidating its remaining inventory with storewide sales of 20-40% off, and a representative confirmed the retailer is "liquidating (its) inventory and closing soon."

Why it matters

Francesca's closure is the latest in a string of retail departures from Crossgates Mall and the broader Capital Region, reflecting the ongoing challenges facing brick-and-mortar stores as consumer shopping habits shift towards e-commerce. The liquidation also leaves unpaid vendors owed an estimated $250 million, underscoring the financial strain the company has faced.

The details

According to reports, Francesca's merchants were "let go" on January 14 with "no warning," and the liquidation includes "inventory that has not been paid for." The company filed for Chapter 11 bankruptcy protection a little over five years ago and closed some stores at that time.

  • Francesca's opened its Crossgates Mall location in the spring of 2016.
  • On January 14, 2026, Francesca's merchants were let go with no warning.
  • As of January 14, 2026, all Francesca's sales are final.

The players

Francesca's

A women's clothing and accessories retailer that has operated over 450 stores across 45 states for over 25 years.

Pyramid Management Group

The company that owns Crossgates Mall, where Francesca's had its sole Capital Region location.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The closure of Francesca's at Crossgates Mall is the latest sign of the ongoing challenges facing traditional brick-and-mortar retailers, as consumer shopping habits continue to shift towards e-commerce. The liquidation also leaves unpaid vendors owed millions, underscoring the financial strain the company has faced in recent years.