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Former Managers Sue Wet Seal for Racial Discrimination

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Santa Ana, CA—Three former managers at Wet Seal filed  a federal race discrimination suit against the specialty retailer on Thursday, alleging the company discriminated against African Americans because they didn’t fit “the brand image.” The lawsuit, filed in the Federal District Court, claims that Wet Seal’s “most senior executives” discriminated …

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Despite Uncertainty, September Retail Comps Rise

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New York—Despite the daily drumming about economic uncertainty, comparable store sales continued to increase for most U.S. retailers in September. According to Thomson Reuters which tracks 23 retailers, September comparable store sales, or same store sales, increased 5.1%. That’s better than analysts’ average estimate which expected a 4.6% increases. Comparable …