American speciality retailer, Wet Seal, has reported a rise in sales and a healthy financial picture.
 
For the 13 weeks ending May 5, Wet Seal's same-store sales rose 3.5 per cent and total sales rose 5.6 per cent to $137.9 million from $130.6 million last year.
 
The company also says it has more than $115 million in cash and investments and no long-term debt.
 
Wet Seal is due to report its first quarter earnings next week.