Wet Seal Inc

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Gordon Brothers acquires Wet Seal Beth Wright | 6 Mar 17

Liquidator Gordon Brothers has confirmed to just-style it has acquired the Wet Seal brand with a bid of US$3m, following court approval of the transaction last week. 


Wet Seal to shutter all stores? Beth Wright | 27 Jan 17

Teen apparel retailer Wet Seal is understood to have shuttered all of its stores after failing to secure a buyer or fresh capital.


Wet Seal appoints Cox CEO Michelle Russell | 11 Aug 15

Teen apparel retailer The Wet Seal, a portfolio company of private equity firm Versa Capital Management, has named veteran retailer Melanie Cox as CEO.


Private equity firm completes Wet Seal takeover Katie Smith | 16 Apr 15

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 15

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 15

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 15

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 or workers in store cull Richard Woodard | 8 Jan 15

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.


Top company strategic reviews of 2014 Michelle Russell | 17 Dec 14

Macro factors, particularly in the US and Europe, have created a somewhat challenging environment for retailers in 2014. Many succumbed to heavy promotional activity in order to keep sales up. Subsequently, however, margins and earnings were hit. As a result, a large number of firms were forced to carry out strategic reviews on their business operations in order to turn their businesses around. Here are some of those that just-style has reported on this year.


Wet Seal Q3 losses continue to grow Richard Woodard | 11 Dec 14

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 14

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 14

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 14

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 14

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 14

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 14

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 14

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


US: The Wet Seal turnaround “already in motion” Richard Woodard | 11 Sep 14

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.


US: Former Wet Seal CEO returns to helm as Goodman exits Katie Smith | 3 Sep 14

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.


INTERVIEW: Hampshire Group CEO hails turnaround progress Leonie Barrie | 27 Aug 14

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.


US: Dov Charney ousted at American Apparel Richard Woodard | 19 Jun 14

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


US: Wet Seal swings to Q1 loss as sales slump Katie Smith | 28 May 14

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


US: Wet Seal to exit Arden B business Katie Smith | 25 Apr 14

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.


US: Wet Seal narrows Q4 loss despite sales slump Katie Smith | 21 Mar 14

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


US: Wet Seal warns of larger Q4 loss on sales declines Michelle Russell | 6 Feb 14

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.


US: Clinton exploring financing for potential Wet Seal deal Michelle Russell | 19 Dec 13

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


US: Wet Seal widens Q3 net loss, cautions on outlook Michelle Russell | 5 Dec 13

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.


Tough times ahead for teen apparel retailers Leonie Barrie | 13 Nov 13

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.


US: The Wet Seal lowers Q3 view on softer mall traffic Katie Smith | 16 Oct 13

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.


US: Wet Seal extends plus-size collection to stores Leonie Barrie | 29 Aug 13

Retailer The Wet Seal Inc is extending availability of its plus-size collection to its stores in response to growing demand.

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