% | $
Quotes you view appear here for quick access.

Bebe Stores, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • retail_stk_investor retail_stk_investor Aug 17, 2012 7:46 PM Flag

    Resignation today!

    Pretty weird to just suddenly pick up and leave especially on a Friday afternoon. Voluntary or forced departure? Conflicts with Manny?

    I wonder if she is going to land at Wet Seal, which is looking for a new CEO. She lives in southern California where Wet Seal is located and previously worked for Charlotte Russe. If so, there will be issues with non-compete agreements -- Wet Seal does have a chain called Arden B that I would consider a direct competitor with Bebe. The Wet Seal chain targets a different customer and price points.

    If it is voluntary move, there will be no severance or exit package. If there is an exit package, buyout or severance, then there was a conflict with Manny and she was forced out. This should come out in the earnings call.

    I thought she seemed to be doing a good job. I had been concerned when she was originally hired since she did not seem to stick around in any of her previous positions at other companies for any long period of time before joining Bebe. She only seemed to hang around a year or so before leaving. She joined Bebe in late 2010. Bebe seems to have problems finding good people for senior management positions and run the business. There is a lot of turnover. It makes you wonder how tough it is to work for Manny.

    This is a negative for Bebe given the important upcoming holiday season and her loss given the positive perception with Wall Street analysts. They need to find a good person to replace her.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Emila Fabricant resigned and moved back to the ease coast. Her husband works in NYC and had been commuting back and forth between the east and west coast. Too bad this happened. I thought she had made a lot of good improvements. Manny did say Bebe was looking to hire a new CEO, but he will stay on as chairman. They need to get a new specialty retail expert to re-energize the company. The results for the quarter were very subpar. All the positive momentum seems to have stalled.

      • 2 Replies to banana_split_52
      • Here's the real story --- She resigned to take a new executve level position with Aeropostle (ARO) in New York City. This was announced only a few days after she left Bebe. This explains the abrupt departure from Bebe. Her husband is a partner with Akerman Santerfit in New York City so this fits in with the story about wanting to move back to the east coast. She did leave Bebe in a bit of a pickle by leaving so suddenly. This and the poor earnings outlook hasn't been good for the stock price.

      • banana_split_52 is right on. The holiday season has started and no CEO is on board. The BB chain needs a crane to lift it up from the cellar.

        Sentiment: Sell

0.5914-0.0186(-3.05%)Oct 27 3:59 PMEDT