Women’s Fashion Retailer Bebe Closing All Stores
Paul J. Gough, Digital Producer – Pittsburgh Business Times
Apr 21, 2017, 12:44pm EDT
Add another retailer to the casualty list: Bebe.
Bebe Stores Inc., a women’s apparel store, announced plans to shut all 168 of its locations nationwide by the end of May. The announcement, disclosed in a filing Friday with the U.S. Securities and Exchange Commission, followed news March 22 that it had hired financial and real estate advisers to discuss options about its leases.
The SEC filing said Bebe had reached a deal with Great American Group and Tiger Capital Group to sell its merchandise in existing retail stores along with furnishing and equipment. It also expected an impairment charge of $20 million in the third and fourth quarters related to the store closings.