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Bebe Stores 1Q: 25% Sales Drop

(Filed Under Financial and General Interest News). Bebe Stores, Inc. reported retail sales of $125.3 million during the first quarter ended July 4th, 2009, compared to $167.2 million during the same period last year, a 25 percent plunge. Same store sales dropped 29.2 percent compared to a 5.6 percent decrease last year.

Retail sales for the fiscal year ended Jul7 4th, 2009, decreased 14 percent: from $675.1 last year to $580.9 this year. Same store sales decreased 20.9 percent compared to a decrease of 7.6 percent last year. Throughout the past year, the company opened 13 stores, relocated or expanded two and closed eight resulting in a square footage growth of approximately 2.5 percent.

Bebe Stores, Inc. produced women's apparel and accessories, including active innerwear through its Bebe Sport brand. The company currently operates 308 stores throughout the United States, U.S. Virgin Islands, Puerto Rico and Canada.

more Financial and General Interest News >>

Published 07-14-2009 by Amanda Torres Price

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