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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lvmh Moet Hennessy Louis Vuitton SE | EU:MC | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
15.00 | 1.96% | 782.00 | 780.00 | 790.00 | 791.50 | 770.50 | 773.00 | 232,682 | 16:40:00 |
By Chelsey Dulaney
Women's apparel retailer Bebe Stores Inc. on Monday appointed interim chief executive Jim Wiggett to the role on a permanent basis.
Mr. Wiggett, who had previously served as an adviser to the struggling retailer for five years, was appointed to the interim position in June after Chief Executive Steve Birkhold resigned after a year and a half in the job.
Mr. Wiggett, founder of strategic consulting group Jackson Hole Group, had previously held executive positions at companies including Charles Schwab Corp. and Moet Hennessy Louis Vuitton.
The appointment comes as Bebe seeks to turn around its flagging business. This holiday shopping season is thought to be more critical than normal for a number of struggling apparel companies. Deb Stores and Delia's Inc. have already sought bankruptcy protection, unable to cope with sliding mall traffic and the increasing move of shoppers online. Wet Seal Inc. has made a similar warning.
In November, Bebe reported better-than-expected results for its fiscal first-quarter, with same-store sales growing 0.7%, compared with a 3% decline a year earlier.
"Jim has made considerable progress in executing our turnaround strategy, " Chairman Manny Mashouf said in a news release.
Bebe warned earlier this month of a data security attack in November. The retailer didn't say how many cards had been affected.
Shares, which were inactive premarket, are down about 50% this year.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
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