Wet Seal


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

Edward Lampert

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

Good Tidings: December Comp Sales Better Than Expected

Even post-Christmas shopping helped some retailers beat sales forecasts. Others weren't so lucky.

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations … [Read more...]

Sandy Dampens November Comp Store Sales Reports

Saks Fifth Avenue's flagship Fifth Avenue store boarded up and closed as Hurricane Sandy crashed into the New York metro area on Oct. 29.

New York—Thankfully, many U.S. retailers reported today that their holiday shopping seasons, particularly since Thanksgiving, are … [Read more...]

October Retail Comps Up; Sandy Effects Yet to be Felt

A boarded up Saks Fifth Avenue flagship on Fifth Avenue in the aftermath of Hurricane Sandy. Saks, along with other retailers, have mostly reopened stores in New York City.

New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and … [Read more...]

Following Shake Up, Wet Seal Gets New Board Chairman

Wet Seal

Foothill Ranch, CA—Lynda Davey, one of the new board members appointed to Wet Seal Inc. following the ouster of four board members … [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...]

September Retail Comp Sales: Solid, not Stellar

Shopping

New York--With their back-to-school sales in their final month, and gearing up for fall and holiday merchandise, retailers … [Read more...]

Clinton Group Has Short Lived Victory in Wet Seal Battle?

Wet Seal

Foothill Ranch, CA—After an apparent brief victory whereby Wet Seal board members agreed  to resign and be replaced by … [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...]

Proxy Advisers Reject Wet Seal Activist Investor’s Board Plan

Wet Seal

Foothill Ranch, CA—Citing reports by two leading independent proxy advisers, Wet Seal Inc. urged shareholders again Tuesday to … [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...]