This news came as Bebe explained it was in the process of exploring strategic alternatives for its business, amid much speculation the company would transition to an online-only model. Bebe said Friday it expects to recognize an impairment charge of approximately $20 million, net of deferred rent and other credits, as a result of closing the remainder of its stores. This impairment charge will be recorded in the third and fourth quarters of this year, according to the SEC filing. Bebe's stock initially fell more than 4 percent Friday morning in premarket trade on this news, after closing at $3.76 per share on Thursday. The stock opened Friday down about 1 percent. Related: Retailers Go VR and High Tech to Lure Shoppers Bebe didn't immediately respond to CNBC's request for comment. Additional speculation has been swirling of late that Bebe could be one of the next retailers to join a growing list of companies that have filed for Chapter 11 bankruptcy protection in 2017. That list includes Payless ShoeSource, which announced earlier this month it will close some 400 stores in an attempt to reorganize. Growing competition from e-commerce giant Amazon, as well as millennial-focused fashion retailers H&M and Zara, has played a role in this trend. Bloomberg reported last month that Bebe was planning to close all of its stores and hoped to do so without having to file for bankruptcy.
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REUTERS/Chris Radburn/Pool 2/3 left right Britain's Prime Minster Theresa May delivers a stump speech at Netherton Conservative Club during the Conservative Party's election campaign, in Dudley April 22, 2017. REUTERS/Chris Radburn/Pool 3/3 By Kate Holton | LONDON LONDON Britain's Theresa May appeared on course to win a crushing election victory in June after opinion polls put support for her ruling Conservative party at around 50 percent, double that of the opposition Labour party. May's decision to call a June 8 election stunned her political rivals this week and a string of polls released late on Saturday suggested the gamble had paid off, with one from ComRes showing the party of Margaret Thatcher enjoying levels of support not seen since 1991. May, appointed prime minister in the turmoil that followed Britain's vote to leave the European Union last June, said she needed the election to secure her own mandate and strengthen her hand for the Brexit negotiations ahead. She is also looking to capitalize on the disarray swirling around the Labour party, which has been riven with internal division over its leader Jeremy Corbyn. Voters also appear to be switching from the anti-EU UKIP party, which helped campaign for Brexit, to May's Conservatives, which will likely deliver it. "The announcement of a snap election has clearly focused the minds of the electorate," said James Crouch at pollster Opinium. In two other polls, May's Conservatives also gained ground in Scotland at the expense of the Scottish National Party, potentially weakening the nationalists' demand for another independence referendum. May has already warned her party not to take victory for granted, a message that was echoed by pollsters on Saturday. "While no political party could ever object to breaching the 50 percent barrier for the first time this century, this spectacular headline result masks a real danger for the Tories," said ComRes Chairman Andrew Hawkins. "The fact that six in ten voters believe Labour cannot win under Corbyns leadership bring with it the threat of complacency among Tory (Conservative) voters who may be tempted to sit at home on June 8th and let others deliver the result they expect." According to polls by Opinium, ComRes and YouGov, May's Conservatives held a lead of between 19 and 25 percentage points, with the party's support ranging from 45 percent to 50 percent.
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