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Bebe narrows loss in Q3
Brisbane, Calif. -- Women’s apparel retailer Bebe stores reported Thursday that it narrowed its loss for the quarter ended March 31 to $200,000, compared with a $2.6 million loss in the year-earlier period.
Sales climbed 10.5% to $121 million, from $109.5 million. Same-store sales rose 7.2%.
For the remainder of fiscal year 2012, the retailer said it expects to open three 2b stores and close two Bebe stores.
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WMT CEO Duke to be honored by executive women
After the pounding Walmart and its president and CEO Mike Duke have taken in recent weeks in the media over the alleged Mexican bribery and cover up scandal detailed by the New York Times, the company and its leader received some good news this week from the Network of Executive Women.