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Finance

Wet Seal Inc

Michelle Russell

Top company strategic reviews of 2014

17 December 2014 | Michelle Russell

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.... read more


The Wet Seal assembles strategy team

25 November 2014 | Michelle Russell

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


Wet Seal shareholder seeks liquidity clarification

20 November 2014 | Michelle Russell

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.... read more


Wet Seal finance chief Benrubi steps down

3 October 2014 | Michelle Russell

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


US: Wet Seal warns of larger Q4 loss on sales declines

6 February 2014 | Michelle Russell

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.... read more


US: Clinton exploring financing for potential Wet Seal deal

19 December 2013 | Michelle Russell

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