The company is the latest retail casualty of the migration to online shopping
, photo: Wikimedia Commons
21 of April 2017 17:39:40
NEW YORK — Clothing chain Bebe says it expects to close all its stores by the end of May, making it the latest retail casualty of the migration to online shopping.The Brisbane, California-based chain had said earlier this month it would close 21 stores and "explore options" for the remaining locations. In a regulatory filing, it said it expects to recognize an impairment charge of about $20 million as a result of the closing of all its stores. The chain had recently said it had more than 130 retail stores and more than 30 outlet stores in the United States, Canada and Puerto Rico. It also offers branded products elsewhere and operates bebe.com.