Press Releases: all

  • 6/7/17 4:00 am PDT
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (Nasdaq:BEBE) (the Company) announced today that it has reached agreement with substantially all of its retail store landlords to terminate the existing leases. The cost to terminate the leases is estimated to be approximately $65 million. As of today, the Company has signed an agreement to sell its distribution center in Benicia, California for approximately $22 million. The Company is also actively seeking to sellmore...
  • 3/22/17 1:30 pm PDT
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc (Nasdaq: BEBE), announced today that its Board of Directors is exploring strategic alternatives for the company. bebe has retained B. Riley & Co. as its financial advisor and has also engaged a real estate advisor to assist with options related to its lease holdings. bebe said that there is no assurance that this process will result in any specific transaction, and it does not expect to disclose further developments duringmore...
  • 2/2/17 1:30 pm PST

    Second quarter comparable store sales decreased 10.5%

    Second quarter gross margin increased 40 bps

    Second quarter loss per share was $0.65

    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (NASDAQ:BEBE) today announced financial results for the fiscal second quarter ended December 31, 2016. Manny Mashouf, Chief Executive Officer said, “In the second quarter of Fiscal 2017 we reacted to sales and traffic trends below the incoming trends of the fiscal first quarter and the month of October. While we saw improvement in the week before Thanksgiving and the two weeks before Christmas, the results for thosemore...