Thursday, Bebe stores, Inc. (BEBE), a manufacturer of women's apparel and accessories, announced a 5.6% decline in same store sales for June quarter. Retail sales were down 4% to $167.2 million from $160.9 million last year.
For the fiscal 2008, the company reported a 7.6% fall in same store sales, while in the prior year it has recorded a 2.9% increase in same store sales. Retails sales for the fiscal year were down at $675.1 million from $665.5 million in the previous year. The prior year results included around $10 million in additional sales due to the extra week in fiscal 2007. Excluding the additional week, retail sales in the last year were up 3% compared to the corresponding prior fiscal year.
The company said that its finished goods inventory per square foot decreased by 8.5% compared to the prior year. During fiscal 2008, the Company opened 35 stores, expanded or relocated 7 existing stores and closed 5 stores resulting in a square footage growth of approximately 13%.
BEBE finished Wednesday's regular trading session at $9.27, down $0.36 on a volume of 446K shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.