‘Tis the season for layoffs.
Bebe Stores on Wednesday announced plans to eliminate more than 50 positions, primarily in design, merchandising and production, as part of the women’s retailer’s efforts to streamline its lifestyle assortments and improve efficiency across the business.
The Brisbane, California-based company expects pre-tax costs associated with the reorganization to be about $1.5 million but anticipates annual savings of $4.8 million.