Wet Seal

Reporting Another Loss, Wet Seal Looks to a Fast Fashion Solution

Stay tuned: Wet Seal to hold its annual Model Search soon.

Foothill Ranch, CA—Wet Seal Inc. reported Thursday that it swung into a $85.8 million loss hit by taxes and other costs while its … [Read more...]

January Comp Sales Rise, Easily Beating Forecasts


New York—Whether it was the U.S. Congress finally averting the so-called fiscal cliff in early January, a spate of Arctic cold … [Read more...]

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...]

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


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


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...]