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.