Apparel retailer Bebe Stores says to shut all stores

Bebe is closing all its stores the latest casualty in retail

That list includes Payless ShoeSource, which announced earlier this month it will close some 400 stores in an attempt to reorganize.

The company has 22 locations in Florida and three in the Orlando area: Orlando Premium Outlets International Drive, Orlando Premium Outlets Vineland Avenue and The Florida Mall.

In March, Bloomberg reported that Bebe Stores was hoping to reinvent itself as an online brand.

The company, which had 180 stores at the end of 2016, did not say what its future plans were.

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The company said in a Securities and Exchange Commission filing that it had signed a deal with liquidator Tiger Capital Group to sell all of its remaining inventory. This week's SEC filing did not mention online sales.

The company earlier in the year hired B. Riley & Co.as financial adviser in a move that, at the time, also came with the disclosure that Bebe was exploring strategic alternatives.

Bebe is the latest casualty in what nearly seems a race of brick-and-mortar retailers heading to insolvency, unable to compete with online sales.

Bebe said it expects to record an impairment charge of about $20 million because of the store closings.

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Here are several other retailers that have gone bust this year.

Bebe's stock initially fell more than 4 percent Friday morning in premarket trade on this news, after closing at $3.76 per share on Thursday.

Bebe will pay $550,000 for the two groups' services plus 15 percent of what the company grosses from the store equipment sales. Net sales at Bebe fell 13.5 percent in the first six months of its current fiscal year, which ended December 31.

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