The Bebe chain of women's clothing stores is among the latest victims of changing buyer habits. (Dreamstime)
PHILADELPHIA: In late April, struggling women's apparel chain Bebe said it was closing all 180 stores – the latest casualty amid a steady stream of defaults, bankruptcies and closures over the last year.
While experts say more closures are coming, something else is occurring: The losses of traditional retail jobs are being absorbed by the likes of Amazon, with its new fulfilment centres and warehouses.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
