Bebe to Close all of Its Stores in May

Women’s apparel retailer Bebe is joining the unfortunately growing list of failed retail chains, announcing it will close its doors at the end of May after a string of losses.

USA Today reported that Bebe had 180 locations as of Jan. 2, the closing, coming without the usual bankruptcy filing, resulted from a lack of foot traffic in shopping malls as well as strong competition from Amazon.

Sales for Bebe for the first six months of fiscal 2017, ending Dec. 31, totaled $189.2 million, down 13.5% from the previous year.  Bebe reported a net loss of $13 million during the period, down from a $22.5 million loss the year before.

Other retailers that have either closed their doors or filed for bankruptcy this year include The Limited, Wet Seal, Gander Mountain, hhGregg and American Apparel.

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