Friday, April 21, 2017

Bebe Stores to close all stores, becoming latest retail casualty

Image result for bebe storeWomen's clothing retailer Bebe Stores said Friday that it would close all of its locations after a string of losses, becoming the latest casualty in the retail sector as the fallout from online competition and shifting fashion preferences spreads.

The company said in a Securities and Exchange Commission filing that it had signed a deal with liquidator Tiger Capital Group to sell all of its remaining inventory. The retailer expects to close all of its stores by the end of May 2017.. . . more

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