Press Releases: all

  • 4/26/18 4:00 am PDT
    LOS ANGELES & BRISBANE, Calif.--(BUSINESS WIRE)--B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”) and bebe stores, inc. (OTCQB: BEBE) (“bebe”) today issued a joint statement to update shareholders regarding bebe. “We felt it was important to share our progress and achievements with our shareholders since embarking on bebe’s business transformation,” said Manny Mashouf, Chief Executive Officer of bebe. “With guidance from B. Riley, we have put in place plans to substantiallymore...
  • 2/28/18 12:42 pm PST
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (OTC: BEBE) (the Company) announced today that it has filed a certification on Form 15 (Form 15) with the Securities and Exchange Commission (SEC) to terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act). As a result, effective immediately upon the filing of the Form 15, the Company’s obligation to file current and periodic reports under themore...
  • 1/16/18 4:09 am PST
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. announced today that its Board of Directors has adopted a tax benefit preservation plan to help preserve the value of its net operating losses and other deferred tax benefits. The tax benefit preservation plan was adopted to protect an important bebe asset that may have meaningful value to all bebe stockholders. The value of these tax benefits would be substantially limited if it were to experience an “ownership changemore...
  • 12/8/17 1:00 pm PST
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (Nasdaq: BEBE) (the Company) announced that it has notified the NASDAQ Stock Market on December 8, 2017 of its intention to voluntarily delist its common stock from the NASDAQ Capital Market. The Company intends to cease trading on the NASDAQ Stock Market on Monday, December 18, 2017. Therefore the last day of trading on the Nasdaq Stock Market will be Friday, December 15, 2017. Once delisted, the Company anticipatesmore...
  • 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...
  • 12/8/16 1:00 pm PST
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (NASDAQ:BEBE) today announced a one-for-ten reverse stock split, in which every ten (10) shares of the company's common stock will be combined and reclassified into one (1) share of the company's common stock. The reverse stock split was approved by the Company’s shareholders at its Annual Meeting of Shareholders held on December 15, 2015, and the specific one-for-ten ratio was agreed upon and approved by the Company’s Board ofmore...
  • 11/3/16 1:00 pm PDT

    First quarter comparable store sales decreased 3.2%

    First quarter gross margin increased 260 bps

    First quarter loss per share was $0.10

    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (NASDAQ:BEBE) today announced financial results for the fiscal first quarter ended October 1, 2016. Manny Mashouf, Chief Executive Officer said, “In the first quarter of Fiscal 2017 we continue to see sustainable changes in our business. We ended the quarter with our inventory and SG&A below the prior year and increased our gross margin 260 bps as a result of fewer markdowns and improved leverage on our occupancy.more...
  • 10/20/16 5:30 pm PDT
    BRISBANE, Calif.--(BUSINESS WIRE)--bebe stores, inc. (NASDAQ:BEBE) today announced that it will release its first quarter fiscal 2017 results on Thursday, November 3, 2016 at 1pm (PT). About bebe Unique, sophisticated and timelessly sexy, bebe emerged as the first contemporary fashion destination in 1976. Today bebe continues to define next-generation chic while staying true to its assertive, provocative origins. Inspired by Shakespeare’s immortal words “more...