Bebe Is Closing All 175 of Its Stores

Bebe Is Closing All 175 of Its Stores

Bebe Is Closing All 175 of Its Stores

Women's clothing retailer Bebe is closing all of its stores, according to a Friday filing with the Securities and Exchange Commission. As of the first quarter, the company operated 137 retail locations and 35 outlet stores in the U.S., Puerto Rico, and Canada.

The company, which had 180 stores at the end of 2016, did not say what its future plans were. Bebe said in an SEC filing last month that it was "exploring strategic alternatives".

The company's sales for the first six months of its 2017 fiscal year, a period that ended December 31, totaled $189.2 million, down 13.5% from a year earlier. Net sales for the formerly profitable Bebe were $101.9 million in the second quarter of the 2017 fiscal year, a decrease of 16.8 percent from $122.4 million reported for the second quarter a year ago.

Apple Could Replace 4th Gen iPads With iPad Air 2 During Service
If you are looking to take advantage of the situation, we would advise you to check your local Apple Store for iPad 4 stock first. Talk about turning a frown upside down-this is nothing short of a win for 4th generation iPad owners in need of a fix .

Facing declining mall traffic and other headwinds in the apparel sector, the retailer has also faced pressure from private equity investor Consac LLC, whose president, Ryan Drexler, in 2014 began leaning on bebe to consider a sale or go private, expressing criticism of what he called Manny Mashouf's "questionable" financial holdings.

Bebe is closing all its stores, the latest brick-and-mortar retailer to get dumped by customers who would rather shop with their phones than their feet.

Growing competition from e-commerce giant Amazon, as well as millennial-focused fashion retailers H&M and Zara, has played a role in this trend. It also does business online and distributes products to licensees in almost two-dozen countries. The Limited announced in January its plan to close all of its 250 stores. Most recently, Rue 21 said it would shutter 400 locations.

Recommended News

  • Major League roundup: Cubs rally, beat Brewers in ninth

    Major League roundup: Cubs rally, beat Brewers in ninth

    Chicago (8-7) won its second straight - both comeback victories - while Milwaukee (8-8) has lost two in a row. Jeromy Burnitz became the first and last Brewers player to homer in five straight games in August, 1997.
    Arsene Wenger dismisses concerns regarding Mesut Ozil and Alexis Sanchez's Arsenal futures

    Arsene Wenger dismisses concerns regarding Mesut Ozil and Alexis Sanchez's Arsenal futures

    He confessed: "What we've done previously has not been good enough". Oxlade-Chamberlain laid the blame at his and his team-mates' feet.
    Thornton returns to lineup for Sharks in Game 3 vs. Oilers

    Thornton returns to lineup for Sharks in Game 3 vs. Oilers

    That in itself is progress, that we're thinking like that. "Obviously here you need to win early or you're going to be gone". It's the kind of stunt that good teams pull all the time in the playoffs. "As a team we're growing", said Kassian.
  • Wall scores playoff-best 32 as Wizards beat Hawks in Game 1

    Patterson shot 43.8 percent from three over his last 20 games of the season and will hope to ride that momentum into the playoffs. Wall was a blur at times , scoring 15 points in a third quarter that proved to be the knockout punch for Washington in Game 1.
    Eden Hazard makes admission about his Chelsea future

    Eden Hazard makes admission about his Chelsea future

    Diego Costa says that ex-Chelsea manager Jose Mourinho was the reason he joined The Blues in the summer of 2014. I may also have personal ambitions to play at other clubs.
    'Free' college in Europe isn't really free

    'Free' college in Europe isn't really free

    The program covers tuition - which is now $6,470 at four-year SUNY schools - but not fees, dorms, meal plans or textbooks. The New York Times endorsed both Cuomo and his father, Mario Cuomo for governor during their multiple election campaigns.
  • Nintendo developing SNES mini

    Nintendo developing SNES mini

    Sources within Nintendo have confirmed to EuroGamer that the company is set to release the SNES Classic Edition in late 2017. Nintendo has been in the news a lot lately for its rather wacky decision to cancel the popular NES Classic Edition.
    No timetable for Tiger return

    No timetable for Tiger return

    Morris began a friendship with Woods after he bought a Tracker Boat shortly after his golfing success began. TGR Design company is also designing a par-3 short course at Big Cedar Lodge for beginners and kids.
    Narada FIIR: Bengal opposition hits the streets for arrest of Trinamool leaders

    Narada FIIR: Bengal opposition hits the streets for arrest of Trinamool leaders

    West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee on Monday responded to the FIRs and called it a "political" game.
  • The Kardashian Family Is Upset Over Caitlyn Jenner's New Memoir

    And the ladies are shocked that Cait didn't tell them first she was undergoing gender-confirmation surgery. According to Us Weekly , she doesn't plan to ever have sex with women again.
    Astronomers discover 'Super-Earth' planet that could support life

    Astronomers discover 'Super-Earth' planet that could support life

    Despite this lack of stellar energy, LHS 1140b is in the habitable zone of its star, which means that it could support life. In our Solar System, such a planet would be so scorched that any atmosphere and surface water would be stripped away.

    Promoted Brighton back among England's elite

    Perhaps the pick of those good players is Anthony Knockaert , victor of the Championship Player of the Year award. But sometimes, you just have to wait for that moment of pure joy and today, Brighton seemed to get it.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.