Content about Wet Seal

September 3, 2014

Wet Seal CEO John D. Goodman has resigned from the role he took in January 2013. He was charged with turning things around for the struggling retailer and replaced Susan McGalla, who was ousted after 11 months amid declining sales. Goodman is to be succeeded by Edmond Thomas, who rejoins the company as CEO and a member of the board as of Sept. 8.

September 3, 2014

Wet Seal CEO John D. Goodman has resigned from the role he took in January 2013. He was charged with turning things around for the struggling retailer and replaced Susan McGalla, who was ousted after 11 months amid declining sales. Goodman is to be succeeded by Edmond Thomas, who rejoins the company as CEO and a member of the board as of Sept. 8.

August 15, 2014

Wet Seal is partnering with girl group Fifth Harmony for a new collection of clothes that will be rolled out over the next three seasons.

August 15, 2014

Wet Seal is partnering with girl group Fifth Harmony for a new collection of clothes that will be rolled out over the next three seasons.

August 1, 2014

The Wet Seal named Christine Lee EVP and chief merchandising officer, as the retailer of young women’s apparel looks to regain its appeal with core shoppers and reverse several quarters’ worth of double-digit same-store sales declines.

April 25, 2014

The Wet Seal is winding down its Arden B brand. Arden B currently operates 54 mall-based stores and an e-commerce site. In the fiscal year ended Feb. 1, the brand generated net sales of $60.4 million and represented 11% of consolidated net sales.

February 4, 2014

The Wet Seal board member Mindy C. Meads has resigned her spot to focus on her new role as CEO of Calypso St. Barth.

January 17, 2014

Leading beauty products manufacturer Elizabeth Arden is the latest company to cite an intensely promotional marketplace as the reason for worse-than-expected holiday season sales and profits.

August 8, 2013

The Wet Seal Inc. reported net sales of $137.2 million during the second quarter of fiscal 2013. Despite seeing a 1.5% increase from the second quarter of the previous year, results fell a bit short of the $138.5 million analysts had estimated.

August 1, 2013

Specialty retailer Wet Seal has signed on with Demandware to use the cloud commerce solutions provider’s commerce platform as a component of its e-commerce and digital marketing strategy.

August 1, 2013

Specialty retailer Wet Seal has signed on with Demandware to use the cloud commerce solutions provider’s commerce platform as a component of its e-commerce and digital marketing strategy.

June 10, 2013

The Wet Seal has appointed retail veteran Lesli Gilbert to the position of EVP, stores and operations. She replaces Barbara Cook, who resigned as the company's SVP of store operations in February.

May 28, 2013

The Wet Seal’s CEO focused on the positive following the company’s first quarter results for the period ended May 4.

April 1, 2013

Wet Seal has announced the promotions of the company’s two divisional merchandising managers for its Wet Seal brand.

March 21, 2013

The Wet Seal reported that net sales for the fourth quarter were $161.7 million compared with net sales of $163.2 million for the 13-week fourth quarter in fiscal 2011.

February 11, 2013

The Wet Seal announced that Barbara Cook, SVP store operations, has resigned from the company to accept a new professional opportunity.

February 4, 2013

The Wet Seal Inc. on Friday announced that its COO is resigning as the struggling retailer initiates a corporate workforce reduction as part of a broader cost-saving initiative.

October 10, 2012

The Wet Seal has named four new members to its board of directors and Lynda Davey as chairman of the board.

October 5, 2012

Wet Seal merchandising executive, Harriet Sustarsic has left the company to become SVP, general merchandise manager for True Religion Brand Jeans.

October 5, 2012

Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

October 5, 2012

Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

October 4, 2012

Teen retailer Wet Seal continues to urge its shareholders to reject efforts by Clinton Group to replace the company’s current experienced directors with Clinton Group’s hand-picked nominees who lack relevant experience.

October 3, 2012

The Wet Seal reported that total sales declined 9.9% to $48.3 million for the month of September.

August 24, 2012

As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group has named its own slate of board candidates to replace the existing members.

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