Teen retailer Wet Seal Inc. said Wednesday that its chief financial officer plans to resign.
Douglas C. Felderman said he plans to leave the Foothill Ranch-based company at the end of August for personal reasons.
He joined Wet Seal in spring 2004.
“Doug was instrumental in the refinancing and restructuring of Wet Seal this past year,” said Chief Executive Joel N. Waller.
Wet Seal hired a search firm to look for Felderman’s replacement.
The retailer has been mounting a comeback after a couple of years of sharp sales declines. Wet Seal shuttered more than 100 money-losing stores earlier this year, lined up financing to fund its turnaround and installed a new chief executive.
Wet Seal’s same-store sales rose 51% in July. The company operates 396 stores.
