Bebe Is Closing All 175 of Its Stores


The company had 180 stores as of the end of 2016.

Bebe said Friday it has entered into a consulting agreement with Great American Group, LLC, an affiliate of B. Riley & Co., and Tiger Capital Group, LLC to sell all merchandise and inventory in its existing retail stores, certain furnishings, trade fixtures, equipment and improvements to real property with respect to the stores. Bebe had 180 locations as of January 2, according to a separate SEC filing.

Find a list of all Bebe stores here.

The retailer said it will close its more than 160 retail locations, becoming the latest retailer to suffer from the slings and arrows of online competition and changing consumer tastes.

Bebe has plenty of company in the struggling brick-and-mortar retail industry.

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Bankruptcy filings of other retailers within the last several weeks have included Payless ShoeSource, Gander Mountain and HHGregg. CNBC reports Bebe was trying to re-organize and considering a move to online-only sales.

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

Earlier in the month, the chain had filed paperwork noting it planned to close only 21 stores, which represented roughly 12 percent of its total outlets. It closed one store in the second quarter and made plans to close as many 25 bebe and outlet stores in fiscal 2017; Those plans have now expanded to include all stores.

Bebe had said in March that it would explore "strategic alternatives for the company", which often includes a sale. Q2 net sales were $101.9 million, a decrease of 16.8% from $122.4 million in the same period past year.