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Bebe sees sales drop in Q2; names new CEO
Brisbane, Calif. -- Bebe Stores Inc. reported Thursday that sales for the second quarter plunged 11.7% to $124.6 million, from $141.1 million last year.
Same-store sales plummeted 10.5%, and the women’s apparel retailer now says it expects its second quarter net loss will be larger than previously estimated.
Foot traffic fell 15% in the second quarter, which caused inventory per sq. ft. to jump 27.5%.
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EVP, pres. of Nordstrom Direct joins West Marine board
WATSONVILLE, Calif. — EVP and president of Nordstrom Direct Jamie Nordstrom has joined West Marine's board of directors. Nordstrom also was appointed as the fourth member of West Marine's governance and compensation committee.
His board and committee service is expected to begin on the first meeting scheduled in 2013, most likely in March, and Nordstrom, like all the other directors, will stand for re-election to the board at West Marine's 2013 annual meeting of stockholders.