Bebe Is Pushing Into China Now, Despite the Uncertainties There
Posted in: UncategorizedFor Bebe Stores at least, China is looking pretty good right now.
The U.S. apparel chain, which has struggled with weak sales in its home country, is expanding into the Asian nation in search of growth. As part of a licensing deal announced Thursday, Bebe will get its brand into as many as 150 places in China during the next five years.
Bebe is making the move at a time when China’s economic prospects are in doubt. Concerns about a slowdown in the world’s second-largest economy have roiled global markets over the past week. But Bebe Chief Executive Officer Jim Wiggett sees the China expansion as a no-brainer. Demand for brand-name clothing is still huge in the country, he said, and Bebe’s Shanghai-based partner will defray the risks.