Bebe shuttering all stores, incurring 20 million dollar impairment charge
1 month ago - By Fashion United
Bebe Stores Inc. has confirmed in a Securities & Exchange Commissions
filing that it will close all of its stores next month. Their shares were
down 10 percent this morning during trading.
Shares were trading at three dollars and 38 cents for a market
capitalization of 27.27 million dollars.
While the company has been very secretive about its restructuring plan and
approach to their brick-and-mortar stores, all the signs were flying high
for a mass round of store closures. Layoff notifications were filed in
individual states, and the California Employment Development Department was
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Bebe Will Be Closing All 175 of Its Stores by the End of May
1 month ago - By Glamour
Affordable fashion brand Bebe faces financial hardship, announcing that it will be shuttering all of its lasting retail stores by the end of May.
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Bebe to Incur $20M Impairment on Close of All Stores
1 month ago - By WWD
Bebe Stores Inc. shares were off 10 percent in morning trading after the Brisbane, Calif.-based retailer confirmed in a Securities & Exchange Commission filing it will close all of its stores by the end of next month.
Shares were trading at $3.38 for a market capitalization of $27.27 million.
The retailer had been tight-lipped on plans for its retail fleet despite store employees confirming the closures to WWD earlier this month and some layoff notifications filed in individual states. Among those was the warning to the California Employment Development Department this month of more than...
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