Bebe, which models itself as a purveyor of “unique, sophisticated and timelessly sexy” clothing for women, said it plans to close the stores by the end of May 2017, according to a regulatory filing on Friday.
Last month, the California-based chain had hinted that something like this could happen. Bebe said in an SEC filing last month that it was “exploring strategic alternatives.” Earlier this month, the company said it planned to close 28 stores and was trying to figure out what to do with the rest of them. Before that announcement, Bebe had 168 stores in the United States and Canada.
Bebe Stores Inc. was founded in 1976. The company name is inspired by Shakespeare’s words, “To be, or not to be.”
Retail chains are dying; the last will be Grocery Chains; you don’t have to believe it because it’s unfolding anyhow. Besides shopping for anything, food, clothing etc is a nightmare, lines, can’t find anything etc.