Apparel retailer Bebe Stores says to shut all stores

bebe stores

21/04/2017 11:40

April 21 (Reuters) - Struggling apparel retailer Bebe Stores 
Inc  BEBE.O  said it will close all its stores by the end of 
May, barely a month after announcing it was exploring strategic 
alternatives. 
    The company also plans to liquidate all merchandise and 
fixtures within the stores, it said in a regulatory filing on 
Friday. (http://bit.ly/2obl8s3) 
    The retailer expects to recognize an impairment charge of 
about $20 million from the store closures, which will be 
recorded in the third and fourth quarters. 
 
 (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by 
Shounak Dasgupta) 
 ((sruthi.ramakrishnan@thomsonreuters.com; Within U.S.+1 646 223 
8780, outside U.S. +91 80 6749 1130; Reuters Messaging: 
sruthi.ramakrishnan.thomsonreuters.com@reuters.net)) 
 
Keywords: BEBE STORES RESTRUCTURING/