Wednesday, July 11, 2012

Bebe 4th-qtr retail sales fall on lower store traffic

Women's apparel retailer Bebe Stores Inc said retail sales for the fourth quarter fell 2.5 percent hurt by waning store traffic. Retail sales from continuing operations fell to $119.1 million for the fourth quarter from $122.4 million a year earlier, said the retailer, which had fallen out of favor with its clientele due to fashion missteps. Store traffic fell 12 percent. Same-store sales, which includes online stores, were down 2.5 percent and inventory per square foot increased about 2

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