Retailer Bebe to close all 175 of its stores

[geronl]

Women's clothing retailer Bebe is closing all of its stores, according to a Friday filing with the Securities and Exchange Commission.

The company said Friday it expects to shutter all of its brick-and-mortar locations by the end of May. The chain had previously said it was committed to closing 21 locations, which represented roughly 12 percent of its total outlets. California-based Bebe had 180 stores at the end of 2016, according to its website.

This news came as Bebe explained it was in the process of exploring strategic alternatives for its business, amid much speculation the company would transition to an online-only model.

excerpt
http://www.msn.com/en-us/money/companies/retailer-bebe-to-close-all-175-of-its-stores/ar-BBA6Y5P?OCID=ansmsnnews11

[Cripplecreek]

A relative who works at the Pet Supplies Plus corporate HQ tells me that they're expecting to see a round of store closures. Its largely because they've been slow to recognize the changing retail model away from brick and mortar stores.

She says they're scrambling to come up with a model for a combination of online sales and door to door delivery from the brick and mortar stores.

[jmyrlefuller]

A relative who works at the Pet Supplies Plus corporate HQ tells me that they're expecting to see a round of store closures. Its largely because they've been slow to recognize the changing retail model away from brick and mortar stores.

She says they're scrambling to come up with a model for a combination of online sales and door to door delivery from the brick and mortar stores.

All the scrambling might not do much good if Amazon keeps gobbling up all the market share on the online side.