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Wet Seal to Close 338 Stores as Downturn Continues

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Foothill Ranch, CA—Faced with stinging competition from fast-fashion retailers and slowing sales, Wet Seal today announced it will be closing 338 stores—approximately two-thirds of its retail locations, a move that could affect nearly 4,000 employees. “This was a very difficult decision to make, but after reviewing many other options since …