Wet Seal Names Three Directors
Foothill Ranch, Calif., The Wet Seal Inc. named Sidney Horn, Harold Kahn and Kenneth Reiss to its board of directors.
Horn is a partner of Montreal-based international law firm Stikeman Elliott LLP. Kahn is a former CEO of Macy’s East and a current director of Steven Madden Ltd. Reiss is a retired partner of Ernst & Young, and currently serves on the board of Guitar Center Inc. Reiss will serve as chairman of Wet Seal’s audit committee.
A Bigger Best Buy
Minneapolis, Best Buy Co. plans to open 73 new stores in its fiscal year beginning Feb. 27, plus two Future Shop stores in Canada. By February 2006, the chain plans to have 688 Best Buy and Magnolia stores in the United States and 144 Best Buy and Future Shops in Canada.
The Finish Line Completes Acquisition
Indianapolis, The Finish Line closed the deal to acquire The Hang Up Shoppes, which does business under the name of Man Alive, for $12 million in cash, plus a potential earnout of up to $6 million in cash.