Susan McGalla


Wet Seal Cuts Costs and Employees; President Resigns

Wet Seal

Foothills Ranch, CA—Wet Seal Inc. announced Friday that Ken Seipel, its president/chief operating officer, would be leaving the … [Read more...]

CEO Changes at Sears Holdings, Wet Seal, Delia’s

Edward Lampert

Sears Holdings Chairman Lampert to Take on CEO DutiesHoffman Estates, IL—Edward Lampert, the controversial hedge-fund … [Read more...]

Wet Seal Chairman, 3 Directors Ousted in Shareholder Battle

Wet Seal

Foothill Ranch, CA—After weeks of battling between its board members and its third largest shareholder, Wet Seal’s board chairman … [Read more...]

Wet Seal Board, Activist Investor Step Up War of Words

wet-sealstore

Foothill Ranch, CA—No resolution appears in sight in the proxy battle at Wet Seal that has pitted the young women’s retailer’s … [Read more...]

Board Shuffle at Wet Seal Inc. at Behest of Activist Investor

Wet Seal

Foothill Ranch, CA—Beleaguered specialty retailer Wet Seal Inc. this week terminated its shareholder rights plan and proposed to … [Read more...]

Wet Seal’s Board Urges Stockholders to Postpone Replacing Them

Wet Seal

Foothill Ranch, CA—Saying that its recently implemented fast fashion strategy will have a positive impact on Wet Seal results “in … [Read more...]

Investor Urges New Board Members, Sale at Wet Seal

Wet Seal

Foothills Ranch, CA—The Clinton Group, investors in Wet Seal, said Wednesday that it seeks to add new board members and a possible … [Read more...]

Wet Seal Swing into Q2 Loss, Adopts Poison Pill

Wet Seal

Foothills Ranch, CA--Wet Seal Inc. swung to a second quarter loss Tuesday as the teen oriented retailer reported a decline in … [Read more...]

Citing Sliding Sales, Shareholder Urges Board to Sell Wet Seal

Wet Seal

Foothill Ranch, CA—As has been the case recently with other beleaguered retailers, such as Talbots and Christopher & Banks, a … [Read more...]

A “Volatile” June Makes for Disappointing Sales Comps

Retail Sales

New York—A combination of bad weather mixed with “stagnant” macroeconomic pressures created a recipe for a disappointing June at … [Read more...]

Hit by Q1 Sales Declines, Wet Seal to Close 20 Arden B. Stores

Arden B.

Foothills Ranch, CA—Wet Seal Inc. said Tuesday that it may close 20 Arden B. stores and open fewer Wet Seal stores after swinging … [Read more...]

April Retail Comp Sales: Worst in 2 Years

Retail Sales

New York—After better-than-expected comparable store sales results in February and March, April disappointed. In fact, comparable … [Read more...]