Bebe stores, inc. Announces to Purchase Eight Additional Buddy’s Home Furnishings Rent-To-Own Franchises from Franchise Group, Inc
August 26, 2021 at 09:01 am
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bebe stores, inc. announced it has agreed to purchase eight additional Buddy’s Home Furnishings rent-to-own franchises from Franchise Group, Inc. The eight franchises, located in Kentucky and Indiana, complement the company’s existing footprint in the Southeast U.S. and leverages bebe’s existing back-office infrastructure.
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.