Bebe Stores, Inc. (NasdaqCM:BEBE) is exploring strategic alternatives and has retained B. Riley & Co., LLC as its financial advisor. Bebe Stores had been in the process of reorganizing its business operations, worked with the Restructuring Group of B. Riley & Co., LLC, in an effort to explore strategic alternatives, and Great American Group, LLC, a leading provider of asset disposition services, to conduct store closing sales for 1 of the Company's stores nationwide.