The troubles keep mounting for teen retailer Wet Seal Inc., which reported a wider loss for the third quarter amid lower revenues and fees related to its exit from its former Arden B business.
Teen retailer The Wet Seal reported a new loss of $22 million for its second quarter, up from $1 million to $22 million in the year-ago period.
Wet Seal Chairperson Lynda Davey is resigning from her post, effective Oct. 1.
The Wet Seal Inc. is launching its new Wet Seal + Plus banner with 30 new stores opening Aug. 16.
Fashion retailer Wet Seal Inc. swung to a loss in its first quarter amid declining sales
The Wet Seal Inc. shrank its net loss to $27.5 million during the fourth quarter of fiscal 2013 from $85.8 million in the same quarter a year earlier.
Wet Seal recorded a loss of $14.9 million for the fiscal 2013 third quarter, essentially flat with last year.
The Wet Seal said that its SVP store operations Barbara Cook has resigned the company, effective Feb. 20.
Specialty apparel retailer Wet Seal announced that it has entered into an employment contract with Susan McGalla to serve as its new CEO through Aug. 8, 2014.