Bebe Stores news and archive

B. Riley increases holding of womenswear label Bebe

Financial services platform B. Riley Financial has snapped up 3.7 million shares of common stock of Bebe Stores, a womenswear label founded by Manny Mashouf. The firm forked out five dollars per share for a total purchase price of 18.5 million dollars from Mashouf himself, bringing its total ownership of the brand to 76 percent. It comes as...

Business

Bebe Stores acquires 47 franchise locations from Franchise Group

Bebe Stores Inc, a global specialty licensor of women’s apparel and accessories, has announced it has acquired 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group for 35 million dollars. Bebe said the deal also grants it the rights “to build additional franchises in protected geographies throughout the Southeastern United...

Business|ANALYSIS

Is going fully digital the ultimate solution for struggling apparel retailers?

“We’re still vastly over-stored,” said Rod Sides, vice chairman of Deloitte LLP. “It’s not that the industry is dying, we’re in a correction.” That’s the view of attendees this week at the National Retail Federation’s trade show. Experts agree: continued fallout is expected for the next two to five years as expiring leases at troubled locations...

Apparel

Bebe stores Q4 retail sales down 8.5 percent

REPORT_ For the fourth fiscal quarter, Bebe stores retail sales fell by 8.5 percent compared to the fiscal quarter ended June 30, 2012. Comparable store sales for the fiscal quarter decreased 7.1 percent compared to a decrease of 2.5 percent in the fourth fiscal quarter of the prior year. Retail sales for the fiscal year showed a decrease of 8.6...

Apparel

Bebe brings Narry Singh on Board as Director

Bebe has roped in Narry Singh as a Director on its Board. Singh is a widely respected entrepreneur, advisor and deal-maker for over 20 years. He focuses on launching and growing businesses in digital entertainment, new media, e-commerce and software sectors. Singh was recently selected by the United Nations Foundation as one of the Top 10 ‘...