Well Known Clothing Store Is Closing All Locations By The End Of May

 


Retail store Bebe Stores said on Friday that it will be closing all of its stores by the end of May. This comes a month after announcing it was looking for new strategy following four years of losses. 



Bloomberg reported last month that the store was planning to close stores and try to brand itself as an online clothing retailer to avoid bankruptcy. Bebe is expecting an impairment charge of about $20 million from the store closures. 

Photo: Getty 

 

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