Bebe to close all 175 stores

Bebe is closing all its stores the latest casualty in retail

The filing, dated April 18, said the Brisbane, Calif.,-based company is paying Tiger Capital Group $550,000 to assist with its liquidation. Employees have been instructed not to give out any details about closures, but managers at WestShore and Brandon confirmed their locations expect to remain open through May.

Bebe has not commented on the closure and there was no mention of it on the company's website Friday morning.

Before that announcement, Bebe had 168 stores in the United States and Canada. A March 28 filing announced it would close 21 stores.

Nearly one month after the California company hired a consultant to explore "strategic alternatives", Bebe said its stores are expected to go dark by the end of May, according to documents filed with the U.S. Securities and Exchange Commission. Last month, the company announced that its board of directors was "exploring strategic alternatives" for the company and had hired a financial adviser and real estate adviser to help figure out options for its brick-and-mortar stores.

Like other retailers, executives at Bebe have tried to turn things around by ramping up its online business, but that has not been enough to make up for the losses. Macy's put more of its stores on the chopping block. He's optimistic the mall will fill the stores with new tenants.

It becomes the latest casualty in the retail industry as the fallout from online competition and shifting fashion preferences spreads.

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