Bebe to close all stores as it moves retail online
Bebe stores are laying off roughly 700 employees statewide, according to notices filed with the state, effective May 27. The group has roughly 35 stores in California.
The move is part of a plan to shutter its apparel stores and focus on online sales.
The company is closing the locations without filing for bankruptcy, anonymous sources told Bloomberg News. If enough landlords are unwilling to negotiate, they may have to file for bankruptcy.
Bebe has no significant debt but lost $200 million over the past four years, Bloomberg reported.
The biggest layoffs announced were 136 at the company’s Brisbane headquarters and 160 in Los Angeles.
Bebe opened its first store in San Francisco in 1976.