Shares of Bebe Stores Inc. fell almost 10 percent in Nasdaq trading Tuesday after the company warned that its third-quarter loss would be deeper and its sales lower than previously expected.
The Brisbane, Calif.-based specialty retailer said in a preliminary report on results for the quarter ended April 4 that sales in the period fell 17.2 percent to $93 million as comparable-store sales fell 5.7 percent with gross margins below year-ago levels. Its loss per share, including non-cash impairment charges, is now expected to land between 29 and 32 cents a diluted share.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)