Wet Seal


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...]

August Comp Sales Better than Expected

Lady Gaga made an appearance shopping in New York City for back to school.

New York--Nearly all U.S. retailers posted better-than-expected sales gains in August at comparable store sales as parents and … [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...]

July Retail Comp Sales Give Surprising Results

Do July comparable store sales indicate good things for the back to school season?

New York—Credit the stifling temperatures in many parts of the nation that sent consumers indoors seeking refuge in the cool of … [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...]

Former Managers Sue Wet Seal for Racial Discrimination

Wet Seal

Santa Ana, CA—Three former managers at Wet Seal filed  a federal race discrimination suit against the specialty retailer on … [Read more...]

May Retail Comp Sales Mostly Rise on Mother’s Day Sales

Retail Sales

New York—Helped by a later Mother’s Day, the second biggest gift holiday after Christmas, and continued consumer spending on … [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...]