Gregory Scott, chief executive officer at women's wear retailer Bebe Stores Inc has left "to pursue other interests" the company said on Friday (9 January).

Manny Mashouf, Bebe's founder and chairman, will take over the role, with Cynthia Cohen appointed as the board's lead independent director.

Bebe, which operates 312 stores under names such as Bebe, Bebe Sport and 2b Bebe, last week reported a 12.7% drop in second-quarter sales, with same-store sales down 20.1%.

The retailer also lowered its quarterly earnings forecast to a range of $0.05 to $0.0 9 per share, down from earlier guidance for earnings between $0.12 and $0.16 per share.