April 24, 2017

Clothing retailer Bebe to close all stores by May

Clothing retailer Bebe has announced its plans to close all its stores by the end of May.

Clothing retailer Bebe has announced its plans to close all its stores by the end of May.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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According to a filing with SEC, the company has entered a consulting agreement with its financial adviser Great American Group, and Tiger Capital Group.

It plans to sell all company merchandise and inventory, as well as several of its subsidiaries in its existing retail stores.

Tiger Capital Group will be paid $550,000 in consideration for its services, plus reimbursement for certain expenses, and receive an additional fee of 15% of the gross proceeds generated from the sale of the furnishings, trade fixtures, equipment and improvements to real property.

The agreement also contains customary representations, warranties, covenants and indemnities by Bebe and Tiger Capital Group.

"It plans to sell all company merchandise and inventory, as well as several of its subsidiaries in its existing retail stores."

The retailer stated that it may incur a loss in relation with this sale of merchandise and inventory. However, it has not stated how much loss it would incur.

Bebe expects to recognise an impairment charge of approximately $20m, net of deferred rent and other credits, as a result of the closure of the stores.

The company has not indicated whether it intends to continue operating its website.

In March, it appointed financial and real estate advisers to explore strategic alternatives.


Image: Bebe headquarters in Brisbane, US. Photo: courtesy of Coolcaesar via Wikipedia.

Free Report
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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.