Bebe Stores Inc., a women’s apparel chain with locations across the U.S., is planning to shut its stores and seek a turnaround as an online brand, according to people familiar with the situation.
The company is trying to
close the locations without filing for bankruptcy, said the people, who
asked not to be identified because the efforts aren’t public. However,
Chapter 11 may be required if enough landlords aren’t willing to
negotiate, they said. The company, known for selling trendy going-out
apparel to young women, has been operating about 170 boutique and outlet
stores.. . . more