Bebe will close all its stores in the US

Фото: Depositphotos

Women's clothing company Baby by the end of May, 2017 will close its latest 168 stores in the United States.

Thus, the company has joined many American retailers, closing physical stores, writes Woman ForumDaily.

The company has previously closed part of its stores to reduce costs, while it still had 134 outlets. Baby in 31 the US state, Puerto Rico and Canada, as well as 34 brand stores in these territories.

In California, the company will close the 33 store, which will lead to a reduction in about 700 jobs in the state.

Baby also sells products through its website, the company has not yet announced its intention to stop trading on the Internet.

shares Baby currently worth $ 4 per share, 2 a year ago the share price was over $ 30.

Baby lost $ 13 million in the second half of 2016 in the first half of the fiscal year, and sales in 2017 decreased by 13,5% compared to the same period last year.

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