Apparel retailer BeBe (BEBE) announced that it will be closing all of its stores by the end of May, about a month after the company said that it was exploring strategic alternatives due to falling revenue.
The company will liquidate its inventory and store fixtures and take an impairment charge of $20 million, which it said will be recorded in its third and fourth quarters. The company had 180 stores as of the end of 2016.
BeBe shares were down nearly 3% early Friday morning.
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