Content about Wet Seal

April 1, 2013
Wet Seal promotes two in merchandising department

Wet Seal has announced the promotions of the company’s two divisional merchandising managers for its Wet Seal brand.

March 21, 2013
Comps slip at Wet Seal

The Wet Seal reported that net sales for the fourth quarter were $161.7 million compared with net sales of $163.2 million for the 13-week fourth quarter in fiscal 2011.

February 11, 2013
Wet Seal operations head resigns

The Wet Seal announced that Barbara Cook, SVP store operations, has resigned from the company to accept a new professional opportunity.

February 4, 2013
Wet Seal needs new fit for COO

The Wet Seal Inc. on Friday announced that its COO is resigning as the struggling retailer initiates a corporate workforce reduction as part of a broader cost-saving initiative.

October 10, 2012
Four added to Wet Seal board

The Wet Seal has named four new members to its board of directors and Lynda Davey as chairman of the board.

October 5, 2012
Wet Seal merchandising exec finds new role at True Religion

Wet Seal merchandising executive, Harriet Sustarsic has left the company to become SVP, general merchandise manager for True Religion Brand Jeans.

October 5, 2012
Wet Seal saga ends with Clinton Group on top

Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

October 5, 2012
Wet Seal saga ends with Clinton Group on top

Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

October 4, 2012
Wet Seal urges rejection of Clinton proposal

Teen retailer Wet Seal continues to urge its shareholders to reject efforts by Clinton Group to replace the company’s current experienced directors with Clinton Group’s hand-picked nominees who lack relevant experience.

October 3, 2012
E-commerce shines some light on dim Wet Seal sales

The Wet Seal reported that total sales declined 9.9% to $48.3 million for the month of September.

August 24, 2012
Clinton Group names high-profile board nominees for Wet Seal

As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group has named its own slate of board candidates to replace the existing members.

August 2, 2012
Mixed bag for retailers in July: Discounters shine, teen retailers disappoint

Many retailers reported better-than-expected results in July as warm weather and clearance sales drew shoppers into stores.

July 25, 2012
Apparel retailer's fate is Wet Seal(ed)

Shortly after announcing the firing of its CEO, Wet Seal said it was looking into the possible sale of the company to the Clinton Group.

July 25, 2012
Apparel retailer's fate is Wet Seal(ed)

Shortly after announcing the firing of its CEO, Wet Seal said it was looking into the possible sale of the company to the Clinton Group.

July 23, 2012
Wet Seal fires CEO

Wet Seal has terminated the employment of its CEO, Susan McGalla, and has begun a search for a new executive to head the struggling young women's apparel retailer.

March 23, 2012
Wet Seal profit, sales drop in Q4, to open up to 30 stores in 2012

Teen apparel retailer The Wet Seal reported net income for the fourth quarter dropped to $1.1 million from $5.3 million a year earlier.

March 22, 2011
Wet Seal taps Gap veteran Seipel as president and COO

The Wet Seal announced Monday that it has hired Ken Seipel as president and COO, effective March 28.

February 3, 2011
Retailers report solid January sales despite winter deluge

NEW YORK -- Many retailers surprised with solid January revenue reporting on Thursday, despite snowstorms that raged across the country during the month.

The reports, many of which surpassed Wall Street expectations, offer encouragement that strength in consumer spending is continuing after a merry holiday season.

 Costco Wholesale Corp, Victoria's Secret parent Limited Brands and teen retailer Wet Seal were among those that beat analyst expectations. Target, however, lagged, behind.

January 12, 2011
Former AEO exec to take on CEO role at Wet Seal

Specialty apparel retailer Wet Seal announced that it has entered into an employment contract with Susan McGalla to serve as its new CEO through Aug. 8, 2014. McGalla will assume her position as CEO on Jan. 18. Ed Thomas will remain as interim CEO until Jan.18, 2011, and thereafter will remain employed by the company until Feb. 8, to assist with transition.

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