Wet Seal Inc

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Top company strategic reviews of 2014

Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to h...

Tough times ahead for teen apparel retailers

It's not so long ago that teens were something of a sweet spot on the retail landscape, buoyed by a core customer who seemed immune to the r...


Tough times ahead for teen apparel retailers

Leonie Barrie | 13 Nov 2013

It's not so long ago that teens were something of a sweet spot on the retail landscape, buoyed by a core customer who seemed immune to the recession. But today's teens are not spending money like they used to.


2013 off to a strong start for US retailers

Petah Marian | 8 Feb 2013

2013 got off to a strong start for US clothing and footwear retailers in January, with many reporting their best performance since September 2011.


Retailers' January 2013 sales roundup

Katie Smith | 7 Feb 2013

The following is a general roundup of US apparel and shoe retailers' January 2013 sales results.


Retailers' December 2012 sales roundup

Katie Smith | 3 Jan 2013

The following is a general roundup of US apparel and shoe retailers' December 2012 sales results.

Latest Interviews

Hampshire Group CEO hails turnaround progress

Leonie Barrie | 27 Aug 2014

Hot on the heels of expanding its Dockers brand license agreement with Levi Strauss & Co for the third time in four months, Hampshire Group CEO Paul Buxbaum is optimistic the company turnaround is starting to take hold. Here he talks to just-style about new opportunities and on-going efforts to leverage the firm's supply chain.

Latest News

Private equity firm completes Wet Seal takeover

Katie Smith | 16 Apr 2015

Teen apparel retailer The Wet Seal Inc is to continue with the strategies it developed prior to filing for bankruptcy, as its takeover by private equity investment firm Versa Capital Management completes.


Investment firm wins bid to acquire Wet Seal

Katie Smith | 17 Mar 2015

An affiliate of private equity investment firm Versa Capital Management has won the auction to acquire beleaguered teen apparel retailer The Wet Seal, months after it filed for bankruptcy protection.


Jones New York latest casualty to shutter stores

Katie Smith | 30 Jan 2015

Jones New York has become the US apparel industry's latest casualty, revealing it will close all 127 of its stores and end its wholesale business as the women's clothing brand seeks strategic alternatives.


Wet Seal files for bankruptcy protection

Katie Smith | 16 Jan 2015

Beleaguered teen apparel retailer The Wet Seal has become the first major casualty of 2015 to file for Chapter 11 bankruptcy protection.


Wet Seal lays off thousands in store cull

Richard Woodard | 8 Jan 2015

Fast fashion retailer The Wet Seal is closing 338 stores with immediate effect, leading to the loss of 3,695 full and part-time jobs.


Wet Seal Q3 losses continue to grow

Richard Woodard | 11 Dec 2014

Fashion retailer The Wet Seal recorded a wider third-quarter net loss as sales continued to decline across the business.


The Wet Seal assembles strategy team

Michelle Russell | 25 Nov 2014

Beleaguered business The Wet Seal has assembled a team to identify and analyse potential strategic and financial alternatives.


Wet Seal appoints Hillebrandt as interim CFO

Michelle Russell | 21 Nov 2014

Beleaguered business The Wet Seal has appointed company executive Thomas Hillebrandt to the role of interim chief financial officer.


Wet Seal shareholder seeks liquidity clarification

Michelle Russell | 20 Nov 2014

Clinton Group, a shareholder of beleaguered business The Wet Seal, has written to the firm's board seeking clarification on its liquidity and suggesting options to shore up its balance sheet.


Joe Benbasset to improve manufacturing visibility

Leonie Barrie | 13 Nov 2014

Apparel design and manufacturing business Joe Benbasset Inc has selected the BlueCherry Enterprise Suite from CGS to replace its legacy systems and improve visibility and alignment of customer and production orders.


The Wet Seal axes 78 jobs amid wider cost cuts

Richard Woodard | 15 Oct 2014

Beleaguered retail business The Wet Seal is cutting 78 jobs as part of plans to trim millions of dollars from its cost base every year.


Wet Seal finance chief Benrubi steps down

Michelle Russell | 3 Oct 2014

Steve Benrubi, the CFO of troubled retailer The Wet Seal, has announced his decision to step down as finance chief.


Wet Seal appoints Kubo to head up digital

Michelle Russell | 26 Sep 2014

Troubled retailer The Wet Seal has appointed former company executive Jon Kubo to the newly created role of chief digital officer.


The Wet Seal turnaround “already in motion”

Richard Woodard | 11 Sep 2014

The new CEO at troubled retailer The Wet Seal says he will “move quickly” to restore growth after the women’s wear business posted a loss in the second quarter.


Former Wet Seal CEO returns as Goodman exits

Katie Smith | 3 Sep 2014

Former Wet Seal CEO Edmond Thomas is to return to the helm of the teen apparel retailer, replacing John Goodman who has left the company.


Dov Charney ousted at American Apparel

Richard Woodard | 19 Jun 2014

Colourful American Apparel founder Dov Charney has been ousted by the company’s board of directors as investigations into misconduct allegations continue.


Wet Seal swings to Q1 loss as sales slump

Katie Smith | 28 May 2014

Specialty apparel retailer The Wet Seal swung to a "disappointing" loss during the first quarter, after "disruptive" weather and soft traffic dampened sales.


The Wet Seal to exit Arden B business

Katie Smith | 25 Apr 2014

The Wet Seal is to wind down its Arden B brand with the closure of 31 stores, as the specialty apparel retailer looks to grow its namesake label.


Wet Seal narrows Q4 loss despite sales slump

Katie Smith | 21 Mar 2014

Specialty apparel retailer The Wet Seal has narrowed its loss during the fourth quarter, after lower expenses offset a double-digit decline in sales.


Wet Seal warns of larger Q4 loss on sales declines

Michelle Russell | 6 Feb 2014

The Wet Seal has said it expects to report a larger fourth-quarter loss than previously guided, due to lower-than-expected sales and higher promotional activity.


Clinton exploring financing for Wet Seal deal

Michelle Russell | 19 Dec 2013

Activist investor Clinton Group has said it is looking at financing options for a possible acquisition of US women's apparel retailer Wet Seal.


Wet Seal widens Q3 net loss

Michelle Russell | 5 Dec 2013

The Wet Seal saw its net loss widen in the third quarter, resulting in the teen apparel retailer offering a cautious outlook for the remainder of the year.


The Wet Seal lowers Q3 outlook on softer traffic

Katie Smith | 16 Oct 2013

Teen apparel retailer The Wet Seal has lowered its sales guidance for the third quarter, blaming softer mall traffic in September and October for increased promotional activity.

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