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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. -
Survey: A third of consumers will consider layaway for holiday shopping
Whiting, Ind. -- A survey of 2,339 shoppers by CouponCabin.com found that 34% are at least somewhat likely to purchase items on layaway this holiday season.
The survey, conducted by Harris Interactive, also found that 9% are very likely to use layaway; 29% said maybe.
When asked what they believe are the benefits to using a layaway program for holiday shopping, U.S. adults said the following: