Bebe Stores news and archive

Bebe Stores and Great American Group JV acquires Charles Vögele

GAEBB Group, BV, a joint venture between Bebe Stores, Inc. and Great American Group, LLC has announced the acquisition of European fashion retailer Charles Vögele GmbH. The company said in a statement that GAEBB has purchased substantially all common stock and assets, including remaining store inventory and merchandise, real estate, intellectual...

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Bebe Stores announces acquisition of Brookstone brand

Bebe Stores, Inc. has partnered with Bluestar Alliance to acquire the Brookstone brand and its related assets. The company said in a statement that the acquisition closed on October 19, 2018. Brookstone, the American brand founded over 50 years ago in New Hampshire, the company added, is known for innovative and solution-oriented products, most...

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Bebe announces special dividend, board changes

Board of directors of Bebe Stores, Inc. has declared a special cash dividend of 0.25 dollar per share of the company’s common stock, payable on October 24, 2018 to shareholders of record at the close of business on October 10, 2018. The company said, this dividend is based on the trailing two quarters of licensing income from BB Brand Holdings...

Management|ANALYSIS Featured

Is going fully digital the ultimate solution for struggling apparel retailers?

“We’re still vastly over-stored,” said Rod Sides, vice chairman of Deloitte LLP. “It’s not that the industry is dying, we’re in a correction.” That’s the view of attendees this week at the National Retail Federation’s trade show. Experts agree: continued fallout is expected for the next two to five years as expiring leases at troubled locations...

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Bebe Stores to delist from Nasdaq

Bebe Stores has notified the Nasdaq Stock Market on December 8, 2017 of its intention to voluntarily delist its common stock from the Nasdaq Capital Market. Once delisted, the company anticipates its stock will begin trading on the OTCQB Market, which is operated by OTC Markets Group, a centralized electronic quotation service for...

Management|ANALYSIS Featured

More U.S. retail stores closing... and faster than ever

The rise of online shopping, shrinking margins, ever expensive rents, and consumer behavior’s shifts are just some of the reasons why American retailers are closing more stores than ever. And they are doing so at a record pace this year, according to analysts and market experts. In fact, up to April 6, closings have been announced for 2,880...

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Final countdown: Bebe stores will be closed by end of May

May will be a sad month for fans of Bebe Stores, as the U.S, fashion retailer will shutter down all its physical stores across the U.S, by the end of the month. Bebe share its plans earlier this week in a filing with the Securities and Exchange Commission (SEC). The official communication said Bebe expects to record a 20 million dollars...

ManagementFeatured

Bebe Stores to trade all its brick and mortar stores for online

Bebe Stores Inc. is planning to close down entirely its physical stores network and become an online-centric player. Sources close to the matter cited by Bloomberg on Thursday said that the California-based women's fashion retailer is trying to close the stores without filing for bankruptcy. Nevertheless, Bloomberg's sources added, if landlords...

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Bebe stores reports 10.5 percent fall in Q2 comparable sales

Bebe Stores’ net sales for the fiscal second quarter ended December 31, 2016 were 101.9 million dollars, a decrease of 16.8 percent from 122.4 million dollars reported for the second quarter a year ago. Comparable store sales decreased 10.5 percent compared to a decrease of 2.5 percent in the comparable period of the prior year. Commenting on...

Management

Bebe Stores Q4 comparable store sales decline 4.6 percent

Bebe Stores said that for the fourth quarter net sales were 94.9 million dollars, a decrease of 9 percent from 104.3 million dollars reported for the fourth quarter a year ago. Comparable store sales decreased 4.6 percent compared to an increase of 1.1 percent in the comparable period of the prior year. For the fiscal year ended July 2, 2016,...

People

Founder Manny Mashouf rejoins Bebe

Bebe Stores Inc. just gained back its founder. Manny Mashouf rejoined the fashion chain recently in an effort to help restructure the company’s business plan. Upon rejoining the company, Mashouf announced a new strategy for Bebe Stores. The announcement included a 14.6 percent job cut in the brand’s designs, merchandising and production...

Business

Bebe's getaway into China raises questions about timing

Many in the trade have raised their eyebrows when they heard that Bebe stores inc. has decided to venture into Greater China, Hong Kong, Macau and Taiwan. The first boutique is expected to open in the summer of 2016. “As we continue to expand our international footprint, our entrance into Greater China is a significant opportunity to accelerate...