The dramatic turnaround at Wet Seal Inc. saw a hiccup on Wednesday as the Foothill Ranch-based retailer lowered its projected growth in December same-store sales.
Wet Seal, which runs mall stores catered to teen girls and young women, said it now sees sales at stores open at least a year coming in 1% to 3% higher in December vs. a year earlier.
Earlier, Wet Seal projected a gain in the low to mid-single digits.
In November, same-store sales at Wet Seal rose 5.5%, following a 7.5% rise in October.
The company’s shares closed down around 3% and slipped nearly 6% in afterhours trading.
Wet Seal has been on a tear for the past couple of years after stumbling earlier this decade.
The company operators some 425 stores,333 Wet Seals and 92 Arden B. stores.
For more on Wet Seal, see the Dec. 18 edition of the Business Journal.
