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Actionable news in FRAN: Francesca's Holdings Corporation,

Francesca’s (FRAN) Stock Plunges After CEO Steps Down

NEW YORK (TheStreet) -- Francesca's (FRAN) stock is retreating 29.31% to $10.54 on heavy trading volume on Tuesday morning after the specialty retailer announced that Chairman and CEO Michael Barnes will leave the company for personal reasons, effective immediately.

Former lead director Richard Kunes will serve as interim chairman and CEO until a successor is found.

Francesca's, which operates a chain of apparel and accessories stores, reported preliminary earnings of 17 cents per share for the fiscal...


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