Last €0.68 EUR
Change Today +0.027 / 4.14%
Volume 0.0
WS2A On Other Exchanges
As of 2:04 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

wet seal inc/the-class a (WS2A) Snapshot

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08/28/13 - €3.12
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06/6/14 - €0.58
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wet seal inc/the-class a (WS2A) Details

The Wet Seal, Inc., a multi-channel specialty retailer, operates stores that sell fashionable and contemporary apparel and accessory items for female consumers. It operates in two segments, Wet Seal and Arden B. The Wet Seal segment offers fashion apparel and accessories for girls through its Wet Seal stores. The Arden B segment provides contemporary fashion apparel, dresses, sportswear separates, and accessories for the contemporary woman through its Arden B stores. The company also operates Web-based stores under the and names. As of May 27, 2014, it operated 532 stores in 47 states and Puerto Rico. The Wet Seal, Inc. was founded in 1962 and is based in Foothill Ranch, California.

Founded in 1962

wet seal inc/the-class a (WS2A) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $499.9K
Executive Vice President of Stores and Operat...
Total Annual Compensation: $261.5K
Senior Vice President and General Merchandisi...
Total Annual Compensation: $345.2K
Senior Vice President and General Merchandisi...
Total Annual Compensation: $345.2K
Compensation as of Fiscal Year 2013.

wet seal inc/the-class a (WS2A) Key Developments

Wet Seal Announces Opening of 30 New Stores in US

The Wet Seal, Inc. has announced the opening of 30 new stores across the US. The new store openings includes: Mission Viejo, CA; Sherman Oaks, CA; Los Angeles, CA; Clovis, CA; Visalia, CA; Orland Park, IL; Overland Park, KS; Lexington, KY; Louisville, KY; Braintree, MA; Natick, MA; Towson, MD; Edina, MN; Des Peres, MO; Richmond Heights, MO; Cherry Hill, NJ; Edison, NJ; Freehold, NJ; Jersey City, NJ; Paramus, NJ; Buffalo, NY; Buffalo, NY; Victor, NY; Columbus, OH; Hato Rey, PR; Providence, RI; Columbia, SC; San Antonio, TX; Houston, TX; Houston, TX; and McLean, VA.

Wet Seal Receives Non-Compliance Notice From Nasdaq

On August 18, 2014, The Wet Seal, Inc. received a notification letter from The NASDAQ OMX Group (Nasdaq) indicating that the bid price of the Company's common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5450(a)(1). This notification letter has no effect on the listing of the Company's common stock at this time, which will continue to trade on Nasdaq. The Company has been provided a period of 180 calendar days, or until February 17, 2015, to regain compliance. The letter states that the NASDAQ staff will provide written notification that the Company has regained compliance if at any time before February 17, 2015, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days. In the event the Company does not regain compliance within the 180-day grace period, the Company may be eligible for additional time if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides written notice to NASDAQ of its intent to cure the deficiency by effecting a reverse stock split, if necessary. If the Company is able to meet these requirements, the NASDAQ staff will inform the Company that it has been granted an additional 180 calendar days. If the Company fails to regain compliance after the second 180-day grace period, the Company's common stock will be subject to delisting by NASDAQ. The Company intends to actively monitor the bid price for its common stock and will consider available options to resolve the deficiency and regain compliance with the NASDAQ minimum bid price requirement.

Wet Seal to Launch New Store

Arden B, a division of Wet Seal Inc., has closed its store at Oak Park Mall, but Wet Seal is launching a new store to take its place: Wet Seal+ Plus. Wet Seal+ Plus is taking over the 3,109-square-foot space and will host a grand opening celebration. The day will include prize giveaways, mini makeovers and free products from Cao Cosmetics. Wet Seal+ Plus has 30 stores throughout the U.S. and offers accessories, shoes and clothing in sizes 8 to 3X.


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