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Wet Seal Inc

Gordon Brothers acquires Wet Seal

6 March 2017 | Beth Wright

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. ... read more


Wet Seal to shutter all stores?

27 January 2017 | Beth Wright

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


Wet Seal appoints Cox CEO

11 August 2015 | Michelle Russell

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


Private equity firm completes Wet Seal takeover

16 April 2015 | Katie Smith

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.... read more


Investment firm wins bid to acquire Wet Seal

17 March 2015 | Katie Smith

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.... read more


Jones New York latest casualty to shutter stores

30 January 2015 | Katie Smith

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.... read more


Wet Seal files for bankruptcy protection

16 January 2015 | Katie Smith

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


Wet Seal lays off thousands or workers in store cull

8 January 2015 | Richard Woodard

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.... read more


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


Wet Seal Q3 losses continue to grow

11 December 2014 | Richard Woodard

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

21 November 2014 | Michelle Russell

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


Joe Benbasset to improve manufacturing visibility

13 November 2014 | Leonie Barrie

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.... read more


The Wet Seal axes 78 jobs amid wider cost cuts

15 October 2014 | Richard Woodard

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.... 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


Wet Seal appoints Kubo to head up digital

26 September 2014 | Michelle Russell

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


US: The Wet Seal turnaround “already in motion”

11 September 2014 | Richard Woodard

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.... read more


US: Former Wet Seal CEO returns to helm as Goodman exits

3 September 2014 | Katie Smith

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.... read more


INTERVIEW: Hampshire Group CEO hails turnaround progress

27 August 2014 | Leonie Barrie

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.... read more


US: Dov Charney ousted at American Apparel

19 June 2014 | Richard Woodard

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


US: Wet Seal swings to Q1 loss as sales slump

28 May 2014 | Katie Smith

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


US: Wet Seal to exit Arden B business

25 April 2014 | Katie Smith

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.... read more


US: Wet Seal narrows Q4 loss despite sales slump

21 March 2014 | Katie Smith

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


US: Wet Seal widens Q3 net loss, cautions on outlook

5 December 2013 | Michelle Russell

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.... read more


Tough times ahead for teen apparel retailers

13 November 2013 | Leonie Barrie

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.... read more


US: The Wet Seal lowers Q3 view on softer mall traffic

16 October 2013 | Katie Smith

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.... read more


US: Wet Seal extends plus-size collection to stores

29 August 2013 | Leonie Barrie

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


US: Wet Seal swings to Q2 profit

28 August 2013 | Katie Smith

Teen apparel retailer The Wet Seal has returned to profit during the second quarter, thanks to higher sales, improved margins and lower expenses.... read more


US: The Wet Seal names Gilbert as EVP, stores and operations

11 June 2013 | Petah Marian

US retailer The Wet Seal has appointed Lesli Gilbert as EVP, stores and operations. ... read more


US: Wet Seal back in the black in Q1

29 May 2013 | Katie Smith

Improved merchandise margins have helped The Wet Seal return to profit during the first quarter, with the teen apparel retailer remaining optimistic in its outlook.... read more


US: Wet Seal lifts lifts Q1 outlook on sales growth

10 May 2013 | Katie Smith

Teen clothing retailer The Wet Seal has lifted its first-quarter guidance because of better-than-expected sales and margins during the period.... read more


US: The Wet Seal hires former Bebe exec for Arden B

15 April 2013 | Katie Smith

Specialty clothing retailer The Wet Seal has named former Bebe Stores executive Tamara Chamberlain as its new vice president and general merchandise manager of the Arden B division.... read more


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