Bebe expects to close all it stores by the end of May – California News

Bebe expects to close all it stores by the end of May – California News

Posted: Friday, April 21, 2017 2:11 pm
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Updated: 2:30 pm, Fri Apr 21, 2017.

Bebe expects to close all it stores by the end of May

Associated Press |

NEW YORK (AP) — Clothing chain Bebe says it expects to close all its stores by the end of May, making it the latest retail casualty of the migration to online shopping.

The Brisbane, California-based chain had said earlier this month it would close 21 stores and “explore options” for the remaining locations. In a regulatory filing, it said it expects to recognize an impairment charge of about $20 million as a result of the closing of all its stores. The chain had recently said it had more than 130 retail stores and more than 30 outlet stores in the United States, Canada and Puerto Rico. It also offers branded products elsewhere and operates bebe.com.


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