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Bebe down on wider expected third quarter losses

 (Image source: glassdoor.com)

Shares of the women apparel retailer bebe stores, inc. (NASDAQ:BEBE) are significantly declining in the early session of trading on revision of expected third quarter losses. The retailer is expecting a larger third quarter loss as same store sales are deteriorating. Bebe blamed bad weather and lower Easter weekend sales. The company is expecting losses in the third quarter at a range of 29 to 30 cents.