Wet Seal

Teen Retailer Wet Seal Explores Options, Including A Sale

... month with a Limited Level Subscription. Please log in, or register. by Genevieve Scarano on  Jan, 27 2017 in Compliance. Responsible chemical management education is no longer limited to classes. This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register. by Tara Donaldson on  Jan, 27 2017 in Activewear. Pretty soon, there will be no distinguishing between fitness apparel and fashion. This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register. by Caletha Crawford on  Jan, 27 2017 in E-commerce Retail. E-commerce giant Alibaba reported revenue of 53.2 billion yuan ($7.7 billion), a steep 54 percent year-on-year increase for the quarter ending Dec. 31, 2016. This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register. by ...

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Struggling Wet Seal Mulls Options, Bankruptcy Likely

... sources told the   Wall Street Journal. "We are evaluating a number of strategic options," Wet Seal said in a statement. "No decisions have been made.". Versa declined to comment. In November of 2015, the Foothill Ranch, Calif.-based retailer received confirmation on its liquidation plan, which gave a way for the company to emerge from bankruptcy backed by Versa with 173 stores, compared to the 511 locations it operated prior to filing for Chapter 11. Wet Seal currently operates 171 stores in 42 states including in New York, Washington and Texas. If or when Wet Seal returns to bankruptcy, its case will likely mirror that of American Apparel's, which was filed on Nov. 14, said Jasmin Yang, a bankruptcy attorney at Snell & Wilmer. American Apparel sold its intellectual property for $88 million to Gildan Activewear on Jan. 12, leaving behind its stores as it winds down its brick-and-mortar business. As with Wet Seal if it files for bankruptcy, American Apparel's latest insolvency case was its second trip in Chapter 11. "Unless they have a radical, fundamental change, oftentimes a Chapter 22 case is ...

Wet Seal Closing All 171 Stores Nationwide, Including At Mall St. Matthews

... PM EST 2017-01-28 00:15:45 GMT. A birthday pool party turned tragic when a 5-year-old drowned, and while the wrongful death trial lasted eight days, it took a jury just 4.5 hours to reach a verdict. Thursday, January 26 2017 11:34 AM EST 2017-01-26 16:34:17 GMT. Ford's Kentucky Truck Plant in 2015. More than 12,000 hourly Ford workers in Louisville will get profit-sharing checks averaging $9,000 based on the automaker’s 2016 results. It’s the second-largest bonus for Ford’s hourly workers behind last year’s average $9,300 in profit sharing. Friday, January 27 2017 11:45 AM EST 2017-01-27 16:45:53 GMT. It was raining money in the Hoosier state earlier this week. Friday, January 27 2017 1:27 AM EST 2017-01-27 06:27:33 GMT. Despite wins against Kansas and North Carolina, Tom Crean's Indiana team is no lock for the NCAA Tournament. Despite victories against Kansas and North Carolina, Indiana showed it's no lock for the NCAA Tournament while losing to Michigan by 30 points Thursday. Friday, January 27 2017 1:42 AM EST ...

Teen Retailer Wet Seal Is Suddenly Closing All Of Its Stores

... Elizabeth Arden. The American cosmetics company has suffered somewhat in the past two years, Bloomberg reported. Its revenues have fallen below $1 billion and its sale to Revlon was a bit suspect when they agreed. Image 19 of 20. The Brazilian oil giant has fallen on hard times , much like its home country. Currently embroiled in a government corruption scandal, the petroleum company has also earned a "junk" rating from credit agency S&P. The Brazilian oil giant has fallen on hard times , much like its home country. Currently embroiled in a government corruption scandal, the petroleum company has also earned a "junk" rating from credit. Teen retailer Wet Seal is suddenly closing all of its stores. 1 / 20. Back to Gallery. Struggling teen retailer Wet Seal is closing all 171 of its stores. In a letter dated January 20 that was ...

Wet Seal To Close Stores, Lay Off Workers

... has a store at Irvine Spectrum Center. It was not clear whether the layoffs were aimed at its headquarters or the Spectrum store. The company, founded in 1962 in Newport Beach, lost $113 million in 2013; its shares lost 99 percent of their value in the 18 months leading up to its bankruptcy. Shortly before its bankruptcy, the company closed two-thirds of its U. S. stores and laid off 3,700 employees after a default notice was filed by creditor Hudson Bay Master Fund for around $29 million. Today Wet Seal operates 171 stores in 42 states. It employs roughly 3,000 people. Falling mall foot traffic, the onslaught of fast-fashion brands and the growth of e-commerce have led several clothing retailers, including Anaheim-based Pacific Sunwear of California, to file for bankruptcy. A Pac Sun reorganization plan was approved in ...

Shopping Habits Are Changing, And Teen-oriented Retailers Like Wet Seal Are Among The Casualties

... shoppers have turned to the Internet — making online and mobile shopping vital. But when customers do visit stores, they want to go where they can buy an entire outfit in one spot, according to Britt Beemer, chairman and founder of America’s Research Group. That’s easier on the pocketbook at places like H&M and Forever 21, which carry a wide array of styles at discount prices. Jane Hali, chief executive at Jane Hali & Associates, an investment research firm, said today’s consumers, particularly young ones, value nothing more than a deal. “This generation was raised seeing their parents lose their home and they went through the second-biggest recession in the country,” she said. Peter Lynch, a partner at A&G Realty Partners, says today’s young shoppers are less loyal to brands than ...