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Discontinued operations boost Bebe Q1 net loss
Brisbane, Calif. –- Net loss at Bebe Stores Inc. increased to $10.8 million in the first quarter of fiscal 2015, up from $7.9 million the same period the prior fiscal year. Loss from discontinued operations boosted total net loss. Net sales from continuing operations were $102.2 million, a decrease of 6.5% from $109.3 million, primarily as a result of store closures. Same-store sales grew 0.7%, the first quarterly same-store sales increased reported by Bebe since fiscal 2012. -
Black November starts soon at Sam’s
Sam’s Club has joined the ranks of other retailers this holiday season with a pre-Black Friday-themed promotion occurring mid-month.
On Saturday, Nov. 15, Sam’s Club will host a one-day-only Holiday Savings Celebration featuring Black Friday pricing on featured technology, toys, apparel, jewelry and home goods items. Starting at 7 a.m. and exclusive to Sam’s Club members, families can fill their baskets in-club or online with top holiday picks while getting ahead of the typical Black Friday frenzy, according to Sam’s Club.
