ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective June 24, 2009 Kathy Lee was appointed to the position of Chief Merchandising Officer of bebe Stores, Inc. Kathy will oversee merchandising and planning for bebe Stores, Inc. Kathy is an accomplished retail industry leader with over 28 years experience in both specialty retail and department stores. She spent the past four years as the Senior Vice President of Merchandising at Forever 21. Previous positions include the Vice President/General Merchandise Manager at Gymboree Corporation and General Merchandise Manager at bebe Stores, Inc.

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