Bebe Stores, Inc. Appoints Jim Wiggett as Chief Executive Officer, Effective Immediately and to Board of Directors
December 15, 2014 at 07:00 am
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Bebe Stores, Inc. announced that Jim Wiggett has been named Chief Executive Officer and appointed to the company's board of directors, effective immediately. Jim has been serving as Interim Chief Executive Officer since June 2014. Prior to serving as Interim Chief Executive Officer, he provided advisory services to the Company for five years.
Mr. Wiggett founded the Jackson Hole Group, a strategic consulting group in 2002, and previously held a number of senior executive positions, with several companies, including the Charles Schwab Corporation, Duty Free Stores (DFS), and most recently Moet Hennessey Louis Vuitton.
bebe stores, inc. is primarily engaged in the business of operating retail rent-to-own franchise stores. The Company's rent-to-own Buddy's franchise stores offer furniture, appliances, and consumer electronics to consumers through rent-to-own agreements. The Company leases space for all of its Buddy's franchise stores under operating leases. It offers various product categories, including Featured, New, Clothing, Dresses, Denim, Shoes, and Accessories. Its Featured category includes Bandage Dresses, Bridal, Fall, and Halloween, among others. Its Clothing category includes Tops, Bottoms, Denim, Jackets, and Activewear, among others. Its Dresses category consists of Bandage Dresses, Bodycon Dresses, Denim Dresses, Little Black Dresses, Logo Dresses, Mini Dresses, Midi Dresses, Maxi Dresses, and others. Its Accessories include Bags, Belts, Hats, Shoes, Sunglasses, Watches. The Company operates approximately 64 stores in 12 states in the southeastern United States.