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Bebe reports preliminary Q2 net loss
Brisbane, Calif. – Bebe Stores Inc. reported a preliminary net loss of $24.2 million for the second quarter of fiscal 2014, up from $20.8 million the second quarter of the prior fiscal year. The loss includes costs related to the discontinuation of Bebe’s 2b business, which was shut down July 5.
Net sales were $103.6 million, a decrease of 9% from $113.5 million. Same-store sales dropped 1.9%.Jim Wiggett, CEO, remained optimistic in his comments about Bebe’s future: