Apparel retailer Bebe Stores says to shut all stores

Apparel retailer Bebe Stores says to shut all stores

The company, which had 180 stores at the end of 2016, also plans to liquidate all merchandise and fixtures within the stores, it said in a regulatory filing.

Bebe operates a store at the Stony Point Fashion Park, which opened in 2003.

The women's apparel chain has one location in the Pittsburgh region at Ross Park Mall. Companies including Wet Seal and Payless have filed bankruptcy.

Retailers are grappling with intense online competition, namely from Amazon, and nimble brick-and-mortar competitors such as H&M and Forever 21.

CNBC reports the company plans on closing all its stores by the end of May. Representatives for Tiger Capital Group were not immediately available for comment. According to USA Today, its strategy was "based on designing and selling its own line of women's clothing that it called 'unique, sophisticated and timelessly sexy, ' which the chain said defined 'next-generation chic while staying true to its assertive, provocative origins'".

Tiger Woods reveals new golf course bearing Payne Stewart's name in Branson
The announcement was less about Woods' health and future, though, than the newest course design for his company, TGR Design. As a designer, Woods has completed two courses: Bluejack National near Houston, Texas and Diamante's El Cardonal in Mexico.

Its products included active wear, tops, dresses and accessories.

Bebe was founded in 1976.

The company earlier in the year hired B. Riley & Co.as financial adviser in a move that, at the time, also came with the disclosure that Bebe was exploring strategic alternatives.

That followed Bebe's announcement in February that it had suffered a disappointing second quarter, with "sales and traffic trends below the incoming trends of the fiscal first quarter and the month of October", according to CEO and founder Manny Mashouf. Sales have fallen in four of the past five years, plunging 17% to $101.9 million in the latest quarter.

Related Articles

  • Belgium had sought suspect in foiled French election attack

    Macron is now the favourite to become French President and has been edging ahead on the polls to win in the first round of voting. Things get better in the second round: Macron extends his lead to no less than 30 points against Le Pen: 65% to 35%.
    American Express Company (NYSE:AXP) Reviewed By Analysts

    American Express Company (NYSE:AXP) Reviewed By Analysts

    On a daily basis over the past month, the average true range of the stock, as expressed in percentage terms, is 1.6%. BlackRock Fund Advisors increased its stake in shares of American Express Company by 2.8% in the third quarter.

    Maxine Waters Calls Out Fox News As A 'Sexual Harassment Enterprise'

    She said that advertisers that stay on the show could trigger consumers to boycott their products or services. The news has sparked an exodus of advertisers telling Fox they didn't want to be involved in O'Reilly's show.
  • Trump to Sign Executive Order Reviewing Highly Skilled H-1B Visa Program

    Trump to Sign Executive Order Reviewing Highly Skilled H-1B Visa Program

    Wolf said he thinks the H-1B program is good for America, as long as the objective continues to be improving the American economy. He called it "very depressing".
    Boente claims Klitschko could fight on

    Boente claims Klitschko could fight on

    Know your place chump! "X2 ringside tickets dn't bring a plus 1 it's for ur fat ass", he replied. Anthony Joshua during a press conference ahead of his fight with Wladimir Klitschko.

    Obama aide says intel not used to spy on Trump advisers

    Trump national security aides discovered that Rice requested the identities of Trump campaign advisers. Corn, the D.C. bureau chief at Mother Jones.
  • Instagram for Android now has offline mode

    Instagram for Android now has offline mode

    The next time your phone accesses the internet, Instagram will go back through this history and complete each of those actions. However, you will be able to view all activities that took place on your Instagram field as soon as you reconnect.
    Nintendo Expected to Follow NES Classic With SNES Classic

    Nintendo Expected to Follow NES Classic With SNES Classic

    Nintendo stopped manufacturing the incredibly popular diminutive NES, as it was never meant to be a perpetually available product. Nintendo could already be well underway in manufacturing a new mini console due for release later this year, reports Eurogamer .
    Earth-Like Planet Found Nearby Has Life Potential: Astronomers

    Earth-Like Planet Found Nearby Has Life Potential: Astronomers

    In our Solar System, such a planet would be so scorched that any atmosphere and surface water would be stripped away. Astronomers say it is a particularly exciting discovery because it is in a "habitable zone" and could support life.
  • United CEO: Airline will no longer use police to remove passengers

    The video , taken by passenger Joya Cummings and uploaded to Facebook early Tuesday, shows a calm and restrained Dao. We reached out to the airline and have not received a reply. "If a law is broken, then we will take action".
    Man vowed to kill white men

    Man vowed to kill white men

    Randalls leaves his wife of eight years, Katie, a 3-year-old daughter and a 4-year-old son, his friend Jim Light told CNN. Dyer said he doesn't think the suspect's desire to kill stemmed from religious views, but rather racist views.
    Facebook is making it easier to find bots, order food on Messenger

    Facebook is making it easier to find bots, order food on Messenger

    Files shared will have a thumbnail pic with description and a comments section-something which seems to be borrowed from Slack. Facebook's enterprise networking platform Workplace which was launched in October past year also gets some crucial updates.