Bebe to Close All Stores by End of May 2017
Posted on April 21, 2017
Bebe has announced plans to close all of its stores by the end of May 2017. The clothing retailer has been exploring its options after struggling the past few years. Great American Group, LLC has been hired by Bebe to assist in store closings and sales of furnishings and equipment.CNBC reports that the company had previously planned to close just 21 locations - 12% of its total stores. Now it will close all remaining 175 stores.
A Bloomberg story was a couple weeks ahead of the latest reports with news that Bebe would close its stores and become an online-only retailer. The retailer's website, Bebe.com, will become the sole destination for the retailer if it continues its plan of transitioning into a web-only retailer.