Retail may be recovering, but not every national brand has been able to keep pace. That’s the position Bebe Stores Inc. was in this April, when it was nearly forced to file bankruptcy before striking a deal in June with its landlords to terminate 168 existing leases for the eye-catching price of a reported $65,000,000.00 USD.¹
If you’re keeping score at home, that’s nearly $400,000USD per location, for nothing but the privilege of not doing business.
