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bebe stores inc (BEBE.OQ)

BEBE.OQ on NASDAQ Stock Exchange Capital Market

3.76USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

Bebe Stores' loss per share $6.41 for quarter ended April 1
Tuesday, 16 May 2017 05:13pm EDT 

May 16 (Reuters) - Bebe Stores Inc :Bebe Stores says loss per share $6.41 for quarter ended April 1, 2017; qtrly net sales $65.7 million versus $79.9 million.Bebe Stores says believes termination payments to be in range of about $60 to $65 million related to sale of inventory and store fixtures - SEC filing.Recorded $9.2 million in expense in quarter ended April 1, 2017 for lease termination payments related to settlements within the fiscal quarter.Also intends to transfer www.bebe.com domain name, its social media accounts, its international wholesale agreements to joint venture.Bebe Stores says JV intends to license www.bebe.com domain name, social media accounts, international wholesale agreements to 1 or more third parties.Bebe Stores says expects to terminate employment of all or substantially all of its employees over coming months as its operations wind-down.Bebe Stores says expects to pay severance, accrued vacation and stay-on bonuses in the range of approximately $7 to $10 million.Bebe stores says in order to fund lease termination payments, severance payments, and future operations, co plans to sell its real estate assets.Assuming co is successful with restructuring efforts, expects to cease to have any retail operations, to instead manage investment in JV.Bebe Stores says does not expect to incur a loss on the sale of its real estate holdings.  Full Article

Bebe Stores entered into consulting agreement to sell all merchandise and inventory owned by company, certain units in existing retail stores
Friday, 21 Apr 2017 06:40am EDT 

April 21 (Reuters) - Bebe Stores Inc :Bebe Stores-On April 18 entered into consulting agreement to, sell all merchandise and inventory owned by co, certain units in existing retail stores.Bebe Stores Inc- Company currently anticipates that it will close all of stores by end of May 2017.Bebe Stores - Expects to recognize impairment charge of approximately $20 million, net of deferred rent and other credits, as a result of closing stores.Bebe Stores Inc- Impairment charge will be recorded in third and fourth quarters of fiscal year 2017.  Full Article

Bebe Stores says committed to close 21 Bebe Store locations - SEC Filing
Wednesday, 5 Apr 2017 05:49pm EDT 

Bebe Stores Inc : Bebe Stores Inc - On March 28, 2017, Bebe Stores, Inc. committed to close 21 Bebe Store locations - SEC Filing . Continuing to explore options with respect to its remaining stores .Bebe Stores - Co to incur impairment charge related to closed stores of about $2.0 million, will make termination payment to landlord of about $7.4 million.  Full Article

Bebe Stores says exploring strategic alternatives
Wednesday, 22 Mar 2017 04:30pm EDT 

Bebe Stores Inc : Bebe Stores Inc exploring strategic alternatives . Bebe Stores Inc exploring strategic alternatives . Bebe Stores Inc - Bebe has retained B. Riley & Co as its financial advisor .Bebe Stores Inc - has also engaged a real estate advisor to assist with options related to its lease holdings.  Full Article

Bebe Stores Q2 loss per share $0.65
Thursday, 2 Feb 2017 04:30pm EST 

Bebe Stores Inc : Bebe Stores, Inc. announces second quarter fiscal year 2017 financial results . Q2 loss per share $0.65 . Q2 sales fell 16.8 percent to $101.9 million . Q2 same store sales fell 10.5 percent . Total capital expenditures for year are anticipated to be approximately $6 million . Bebe Stores Inc - mall traffic was below expectations for first three weeks of current fiscal quarter ending january 21, 2017 . For fiscal year 2017, does not plan to open any new store locations . Bebe Stores Inc - finished goods inventory per square foot is anticipated to decrease for remained of fiscal year compared to prior year .Bebe Stores Inc - for fiscal year 2017, company to close up to 25 Bebe and outlet stores.  Full Article

Lloyd Miller reports 5.5 pct passive stake in Bebe Stores
Thursday, 3 Nov 2016 05:29pm EDT 

Bebe Stores Inc :Lloyd Miller III reports 5.5 percent passive stake in Bebe Stores Inc as of November 2 - sec filing.  Full Article

Bebe Stores reports Q1 loss per share $0.10
Thursday, 3 Nov 2016 04:00pm EDT 

Bebe Stores Inc : For second fiscal quarter company believes comparable store sales will be in low to mid-single digit negative range . Finished goods inventory per square foot is anticipated to decrease in mid-teens for remained of fiscal year . For fiscal year 2017, company does not plan to open any new store locations and to close up to 28 bebe and outlet stores . Bebe stores, inc. Announces first quarter fiscal year 2017 financial results . Q1 loss per share $0.10 . Q1 sales fell 9.4 percent to $87.2 million .Q1 same store sales fell 3.2 percent.  Full Article

Bebe Stores Q4 loss per share $0.08
Thursday, 1 Sep 2016 04:00pm EDT 

Bebe Stores Inc : Bebe Stores, Inc. announces fourth quarter and fiscal year 2016 financial results . Q4 loss per share $0.08 from continuing operations excluding items . Q4 earnings per share $0.31 from continuing operations . Q4 sales fell 9 percent to $94.9 million . Q4 comparable store sales decreased 4.6 percent . Non-GAAP adjusted Q4 loss per share from continuing operations was $0.08 . For fiscal year 2017, company expects comparable store sales to be in negative low-single digit to positive low-single digit range . For fiscal year 2017, company does not plan to open any new store locations and to close up to 40 bebe and outlet stores .Capital expenditures for fiscal 2017 are anticipated to be about $6 million for relocation, remodels, information technology systems.  Full Article

Bebe Stores and Bluestar Alliance announce strategic JV
Wednesday, 8 Jun 2016 08:00am EDT 

Bebe Stores Inc : Has received $35 million in connection with formation of joint venture . Contributed trademarks and related intellectual property to a newly formed joint venture and has received just over 50% of joint venture . Bluestar will manage joint venture day-to-day operations .Bebe Stores, Inc and Bluestar Alliance Llc announce strategic joint venture to drive execution of global licensing model.  Full Article

bebe stores inc gives Q4 2016 comparable store sales guidance; gives Q4 2016 EPS guidance
Thursday, 5 May 2016 04:00pm EDT 

bebe stores inc:For Q4 2016, the Company expects comparable store sales to decrease in mid to high single digit range.expects Q4 2016 net loss per share to be in the range of $0.08 to $0.12.  Full Article

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BRIEF-Bebe Stores' loss per share $6.41 for quarter ended April 1

* Bebe Stores says loss per share $6.41 for quarter ended April 1, 2017; qtrly net sales $65.7 million versus $79.9 million