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Bebe sees slowed sales in Q1; in hunt for CEO
Brisbane, Calif. -- Fashion retailer Bebe reported Wednesday that total sales for the first quarter fell 9.4% to $105.1 million. Same-store sales dropped 8.7%, missing expectations of a more moderate 6.8% decline.
The 250-store chain has officially launched a search for a new CEO, announcing on Wednesday it has retained Russell Reynolds Associates to lead the effort. Former CEO Gregory Scott resigned the post in January 2009, and founder Manny Mashouf has been serving in an interim capacity since that time. -
Zumiez same-store sales rise 5.6% in September
Lynnwood, Wash. -- Reporting ahead of most retailers whose results will be posted on Thursday, action sports retailer Zumiez said that same-store sales for the month of September rose 5.6%.
Total sales for the month increased 18.6% to $62.7 million, compared with $52.9 million for the same period last year.