April 21 (Reuters) - Struggling apparel retailer Bebe Stores Inc said it will close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives.
The company also plans to liquidate all merchandise and fixtures within the stores, it said in a regulatory filing on Friday. (bit.ly/2obl8s3)
The retailer expects to recognize an impairment charge of about $20 million from the store closures, which will be recorded in the third and fourth quarters. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)