Last $0.40 USD
Change Today -0.0447 / -9.96%
Volume 1.7M
WTSL On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

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

Open
$0.46
Previous Close
$0.45
Day High
$0.46
Day Low
$0.39
52 Week High
11/19/13 - $3.54
52 Week Low
10/9/14 - $0.37
Market Cap
34.1M
Average Volume 10 Days
744.7K
EPS TTM
$-0.64
Shares Outstanding
84.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WET SEAL INC/THE-CLASS A (WTSL)

wet seal inc/the-class a (WTSL) Related Businessweek News

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wet seal inc/the-class a (WTSL) 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 (WTSL) 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
Executive Officer
Total Annual Compensation: $499.9K
Compensation as of Fiscal Year 2013.

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

The Wet Seal, Inc. Revises Earnings Guidance for the Third Quarter of Fiscal 2014

The Wet Seal, Inc. revised earnings guidance for the third quarter of fiscal 2014. For the period, the company now expects loss per share to be approximately $0.28, or at the low end of its previously stated outlook of between $0.22 and $0.28 per share, before non-cash asset impairments, severance, Arden B exit costs and fair value adjustment for warrants and embedded derivatives. Comparable store sales, including e-commerce, is now expected to decline in the high teens.

Wet Seal Plans to Cut 78 Positions

Wet Seal Inc. announced its plans to cut 78 positions in the company, as the women's apparel retailer aims to curb its overall cost structure. The company said it instituted a workforce reduction resulting in the elimination of a combination of 78 filled and open positions. These include 66 positions at its corporate office, representing a 24% reduction in headcount, and 12 positions at the field management level, representing a 20% decrease.

The Wet Seal Names Jon Kubo as EVP and Chief Digital Officer

The Wet Seal announced that Jon Kubo has been appointed as Executive Vice President and Chief Digital Officer, a newly created position. Joining the company on October 6, Kubo will oversee e-commerce, digital marketing and the information technology organization to integrate digital consumer experiences across all business touch points. Kubo returns to Wet Seal after having had a successful tenure with the company from 2005 through 2011 as head of e-commerce and Chief Information Officer. Most recently, Kubo was head of product strategy at Fluid a web development firm, and was previously Chief Product Officer at 8th Bridge a social commerce startup, until it was acquired by Fluid in April 2014. Prior to joining Wet Seal in 2005, Kubo was Chief Administrative Officer for FAO Schwarz and Chief Information Officer for FAO and also held several executive positions in the software technology industry.

 

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Industry Analysis

WTSL

Industry Average

Valuation WTSL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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