Last €0.07 EUR
Change Today 0.00 / 0.00%
Volume 0.0
WS2A On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 2:10 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

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

Open
€0.03
Previous Close
€0.07
Day High
€0.07
Day Low
€0.03
52 Week High
01/2/14 - €2.03
52 Week Low
12/15/14 - €0.01
Market Cap
5.9M
Average Volume 10 Days
1.6K
EPS TTM
--
Shares Outstanding
84.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WET SEAL INC/THE-CLASS A (WS2A)

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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 wetseal.com and ardenb.com 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.

1,698 Employees
Last Reported Date: 03/27/14
Founded in 1962

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

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

The Wet Seal, Inc. Amends Amended and Restated Credit Agreement; Lesli R. Gilbert Resigns as Executive Vice President, Stores and Operations, Effective January 2, 2015

On December 12, 2014 The Wet Seal, Inc. entered into a letter agreement with Bank of America, N.A., as the administrative agent and collateral agent, supplementing and amending the company's Amended and Restated Credit Agreement dated as of February 3, 2011. Pursuant to the Letter, the company agreed, among other things, to (i) deliver borrowing base certificates to the Agent on a weekly basis instead of monthly, (ii) provide cash collateral for its outstanding letters of credit, (iii) comply with Section 6.11 of the Credit Agreement providing for daily transfer of deposits from the company's deposit accounts to a deposit account that is under the dominion and control of the Agent, and (iv) allow the Agent to undertake additional inventory appraisals from time to time at the company's expense. On December 15, 2014, Lesli R. Gilbert, the company's Executive Vice President, Stores and Operations, informed the company that she was resigning from her position, effective January 2, 2015.

The Wet Seal Mulls Strategic Alternatives

The Wet Seal, Inc. (NasdaqGS:WTSL) had already engaged outside advisers to seek strategic and financial alternatives, indicated that it may file for bankruptcy protection upon failure to meet its immediate liquidity needs.

Wet Seal Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Reports Asset Impairment for the Third Quarter Ended November 1, 2014

Wet Seal Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company’s net sales were $104,295,000 against $114,878,000 a year ago. Operating loss was $36,310,000 against $12,428,000 a year ago. Loss before provision for income taxes was $35,960,000 against $12,434,000 a year ago. Net loss from continuing operations was $36,025,000 against $12,482,000 a year ago. Net loss was $35,944,000 or $0.43 per share against $14,910,000 or $0.18 per share a year ago. Non-GAAP operating loss was $22.2 million against $7.6 million a year ago. Non-GAAP net loss was $23.6 million or $0.28 per basic and diluted share against $7.7 million or $0.09 per basic and diluted share a year ago. For the nine months, the company’s net sales were $316,326,000 against $358,245,000 a year ago. Operating loss was $75,693,000 against $9,299,000 a year ago. Loss before provision for income taxes was $74,029,000 against $9,312,000 a year ago. Net loss from continuing operations was $74,223,000 against $9,451,000 a year ago. Net loss was $79,734,000 or $0.95 per share against $10,842,000 or $0.13 per share a year ago. Net cash used in operating activities was $39,985,000 against $3,530,000 a year ago. Purchase of equipment and leasehold improvements was $9,331,000 against $15,853,000 a year ago. For the quarter, the company reported asset impairment of $12,586,000 against $4,761,000 a year ago.

 

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WS2A Competitors

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Company Last Change
American Apparel Inc $1.06 USD +0.01
bebe stores inc $2.48 USD -0.15
Body Central Corp $1.02 USD -0.10
Christopher & Banks Corp $5.44 USD -0.16
Tilly's Inc $9.47 USD -0.03
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Industry Analysis

WS2A

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Valuation WS2A Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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