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Judge Approves Sale of Wet Seal

U.S. Bankruptcy Court Judge Christopher S. Sontchi today in Delaware approved the sale of Wet Seal Inc. to private equity firm Mador Lending LLC.

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Wet Seal Closes 338 Stores, Lays Off 3,695

Wet Seal Inc. said it is closing 338 stores and laying off 3,695 full and part-time employees “after assessing its overall financial condition” and failing “to successfully negotiate meaningful concessions from its landlords.”

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Wet Seal Up On Upgrade Despite Sales Drop

Shares of the Wet Seal Inc. were up 9% in midday trading on an analyst upgrade despite disappointing quarterly numbers.

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Thomas Back at Helm of Wet Seal

Foothill Ranch-based Wet Seal Inc. Chief Executive John Goodman left the company August 26 and was replaced by former Chief Executive Edmond Thomas, according to regulatory filings.

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Wet Seal Warned on Delisting

Wet Seal Inc. has until Feb. 17 to bring its stock at $1 per share or more for 10 consecutive days or face delisting by Nasdaq, the exchange warned in a letter to the Foothill Ranch-based retailer earlier this week.

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Wet Seal Down in First Quarter

Foothill Ranch-based Wet Seal Inc. said Tuesday its net sales for the quarter ended May 27 were $116.7 million, a 16.8% drop from the $140.4 million in the same period last year.

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Wet Seal Down in First Quarter

Foothill Ranch-based Wet Seal Inc. said Tuesday its net sales for the quarter ended May 27 were $116.7 million, a 16.8% drop from the $140.4 million in the same period last year.

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Wet Seal Slumps on Guidance, Turns to $27M Private Placement for Growth Plan

Foothill Ranch-based Wet Seal Inc. said it is looking to raise as much as $27 million in a private placement that would help it grow its e-commerce and plus-size businesses as the company pushes to make headway on a turnaround.

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Wet Seal Names Three to Expanded Board

Foothill Ranch-based Wet Seal Inc. announced the addition of three board members that signal a push by the teen and contemporary retailer to grow its e-commerce business and social media presence.

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Wet Seal Down on Lowered Q4 Guidance

Shares of Foothill Ranch-based Wet Seal Inc. fell about 8% in afternoon trading Thursday after the teen retailer lowered its earnings guidance for the February quarter.

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Activist Shareholder Explores Wet Seal Buy

Activist shareholder Clinton Group Inc. said it is exploring the possibility of buying Wet Seal Inc.

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Wet Seal Shares Sink on Red Ink for Holiday

Foothill Ranch-based Wet Seal Inc. joined a string of fellow retailers in reporting disappointing guidance for the current quarter on Wednesday.

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Wet Seal Shares Sink on Red Ink for Holiday

Foothill Ranch-based Wet Seal Inc. joined a string of fellow retailers in reporting disappointing guidance for the current quarter on Wednesday.

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Wet Seal Sees Quarterly Net Sales Decline

Foothill Ranch-based Wet Seal Inc. said Thursday that its net sales for the quarter ended Nov. 2 fell in what's shaping up to be a tough business environment for many retailers heading into the holiday selling season.

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Wet Seal Sees Quarterly Net Sales Decline

Foothill Ranch-based Wet Seal Inc. said Thursday that its net sales for the quarter ended Nov. 2 fell in what's shaping up to be a tough business environment for many retailers heading into the holiday selling season.

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