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In 2014 Wet Seal announced that it would close all the Arden B stores by 2015. [6] The Wet Seal, Inc. and its subsidiaries operated as a specialty retailer of apparel and accessory items for women in the United States. It operated three mall-based chains of retail stores under the Wet Seal, Arden B, and Blink by Wet Seal brands.
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Sally Beauty announced the closure of 350 locations in November 2022, with closings expected to be completed by the following month. [240] Sam Ash Music, a musical instrument retailer, announced in March 2024 that it would close 18 of its stores. It later announced in May 2024 that it would close all 42 locations by the end of July 2024.
Wet Seal offered to buy 508 stores of the County Seat chain in 1996, but was rejected. [6] [7] The chain filed for Chapter 11 bankruptcy protection in late 1996 and began to close stores. [8] County Seat filed for bankruptcy again in 1999.
For the quarter, Mr. Market expected Wet Seal to report revenue of $134.49 million, a 0.8% decline from the $135.54 million the company reported for the same period a year ago. However, as ...
Margins matter. The more Wet Seal (NAS: WTSL) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
Teen-girl-focused retailer Wet Seal got punished last week upon releasing its third-quarter earnings. The specialty retail market, especially for young-people clothing, has been brutal lately and ...
Specialty retailer The Wet Seal Inc. (NASDAQ: WTSLA) announced this morning that it had reached an agreement with private equity firm Clinton Group that resulted in four of the retailer's ...