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Bebe looks to China for growth
Brisbane, Calif. – Bebe Stores Inc. continues to expand its global presence.
Bebe announced it has signed a five-year strategic cooperation agreement with Shanghai-based brand agency Longgoal LLC to open between 60 and 150 Bebe stores, shop-in-shops and third-party retailers in Greater China, Hong Kong, Macau and Taiwan. The first store is expected to open in the summer of 2016.
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Lack of hit books hits Books-A-Million
Birmingham, Ala. – Books-A-Million needs more best-sellers.
A lack of hit books hit fiscal results of Books-A-Million Inc. during the second quarter of fiscal 2015. Net loss grew to $5.8 million from $3 million the same quarter a year earlier, with costs and expenses rising or staying flat in the face of slipping revenues.
Net sales dipped to $107.9 million, from $108.3 million. Same-store sales dropped 0.3%.

