Bebe to Close All Stores by Next Month

Brisbane, Calif.-based women’s fashion retailer Bebe has announced plans to shutter all of its locations following a string of losses. USA Today reports that the company signed a deal with liquidator Tiger Capital Group to sell its remaining inventory in order to close its entire portfolio by next month.

Bebe’s sales plummeted 13.5 percent during the first six months of its 2017 fiscal year, posting a net loss of $13 million during that period. The company had netted $22.5 million more in profits only a year prior.

The company comprises between 134 and 180 outposts.


More News

PetSmart Announces Largest E-Commerce Acquisition in History
April 21, 2017
Phoenix-based pet retailer PetSmart has announced that it acquired online retailer Chewy Inc. for $3.35 billion.
Full Story

Flying Tiger Adds Brooklyn Location
April 21, 2017
Copenhagen, Denmark-based home goods retailer Flying Tiger has opened its first Brooklyn location at City Point.
Full Story

CVS Pharmacy Introduces Elevated Design
April 20, 2017
Woonsocket, R.I.-based CVS Pharmacy has rolled out a new store design to enhance the customer experience and highlight products through innovative displays.
Full Story