Bebe
Bebe was established back in 1979 by Manny Mashouf, and while the Company was running great, a minor disaster struck in 2007 that led to the Company going far below its usual loss. Manny Mashouf and Neda Mashouf got divorced in 2007, and ever since then, the Company seemed to be on a downward spiral that saw them losing over $4.6 million in 2018. It turned out Manny had to close out the physical locations to fully focus on their e-commerce operations.
Bebe
Pier 1 Imports
Pier 1 Imports saw a major decline in sales in 2018, where they reported a 9.2 percent drop in profits – meaning $371.9 million was lost for that period, certainly not pocket change. To add to the dilemma they were facing, S&P Global Analysts significantly lowered its credit rating. Also, after the 10 percent tariff was placed on all goods from China by President Trump, the Company saw a further decline in sales and profits.
Pier 1 Imports
