Bebe sales down in Q1

Brisbane, Calif. Bebe stores reported that net sales for its first quarter ended Oct. 3, were $125.7 million, down 23.0% from $163.3 million for the same period last year.

Same-store sales for the quarter decreased 25.7% compared with a decrease of 10.8% for the prior-year quarter.

Net loss for the first quarter was $4.2 million compared to net income of $11.2 million for the same period in the prior year.

During the quarter, the company opened two Bebe stores, closed one Bebe location, one SPORT store and one 2b bebe store resulting in a reduction of total square footage of less than 1%.