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.