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Bebe shrinks net loss in Q3
Brisbane, Calif. – Bebe Stores Inc. reported a net loss of $24.3 million in the third quarter of fiscal 2014, an improvement from the net loss of $49.3 million recorded in the same quarter a year earlier.
However, net sales were $93.5 million, a decrease of 17.2% from $112.9 million for the third quarter a year ago.
Same-store sales for the quarter decreased 5.7%.
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Walmart to double solar projects by 2020
Bentonville, Ark. - At an event with President Barack Obama, Walmart announced that it will double the number of on-site solar energy projects at its U.S. stores, Sam’s Clubs and distribution centers by 2020. The commitment is part of Walmart’s global initiative to drive the production or procurement of 7 billion kilowatt hours (kWh) of renewable energy by the end of 2020.