Wet Seal


Versa Capital Wins Bid to Acquire Bankrupt Wet Seal Assets

Wet Seal

Philadelphia—Private equity firm Versa Capital Management got the go-ahead Wednesday from a Delaware bankruptcy judge to continue … [Read more...]

Struggling Wet Seal Files for Bankruptcy Protection

Wet Seal

Foothills Ranch, CA—Following new that it would be closing 338 stores and laying off some 3,700 employees, Wet Seal Inc. filed for … [Read more...]

Wet Seal to Close 338 Stores as Downturn Continues

Wet Seal

Foothill Ranch, CA—Faced with stinging competition from fast-fashion retailers and slowing sales, Wet Seal today announced it will … [Read more...]

Wet Seal Q2 Loss Widens, Sales Decline

New fall fashions at Wet Seal stores

Foothill Ranch, CA—Wet Seal reported after hours Wednesday a bigger-than-expected second quarter loss. Still shares rose almost 9% … [Read more...]

Week in Review: Not-to-Miss News

In its latest quarterly report, Coach disappointed shareholders with more falling sales in North America.

New York—There are only 8 shopping days left till Mother’s Day and if retailers play their cards right—luring in Millennials—then … [Read more...]

Wet Seal to Phase Out Arden B Stores

arden b

Foothill Ranch, CA—As part of its strategy to regain its footing with younger consumers, Wet Seal Inc. said Friday it plans to … [Read more...]

Wet Seal Q4 Loss Narrows Despite Sales Drop

Spring trends at Wet Seal stores

Foothill Ranch, CA—Wet Seal Inc. reported late Thursday afternoon that its fourth quarter loss narrowed as overhead expenses fell … [Read more...]

Activist Investor Explores Making Wet Seal Private

Wet Seal

Foothill Ranch, CA—Activist investor Clinton Group, Wet Seal’s second largest shareholder, revealed today it is exploring … [Read more...]

Wet Seal Q3 Loss in Line, But Q4 View Weak

Wet Seal

Foothill Ranch, CA—Wet Seal Inc. reported last week a third quarter loss that was in line with estimates but faced lower revenue … [Read more...]

Wet Seal Lowers Q3 Forecast on Weaker Traffic

Wet Seal

Foothills Ranch, CA—Citing the need for more promotions amid a competitive retail environment where traffic is down, Wet Seal Inc. … [Read more...]

Wet Seal Swings into Q2 Profit on Better Margins, Lower Expenses

The launch of Wet Seal + Plus in 36 stores and online was reportedly a success.

Foothills Ranch, CA—Wet Seal Inc., which had initiated cost-cutting measure earlier this year, reported Tuesday that its swung … [Read more...]

Despite Profit, Sales Decline, Wet Seal Shows Improvement in Q1

Chain Strap Halter Maxi Dress and Accessories from Arden B

Foothill Ranch, CA—In what some analysts say is indication that its turnaround is working, Wet Seal Inc. reported Tuesday that … [Read more...]