Last $0.36 USD
Change Today +0.0097 / 2.74%
Volume 1.3M
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

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

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11/29/13 - $3.48
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Current Stock Chart for WET SEAL INC/THE-CLASS A (WTSL)

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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 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.

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. Announces Executive Changes, Effective December 1, 2014

The Wet Seal, Inc. announced that Thomas R. Hillebrandt will assume the role of Interim Chief Financial Officer, effective December 1, 2014, concurrent with the previously announced resignation of Steven H. Benrubi, the Company's current Chief Financial Officer. Mr. Hillebrandt has served as Vice President and Corporate Controller at Wet Seal since September 2013. Previously, he served as Vice President of Finance/IT for The Territory Ahead. Mr. Hillebrandt also previously served as Chief Financial Officer for Deckers Outdoor Corporation, Corporate Controller and Chief Accounting Officer of K2 Inc., and Chief Financial Officer of Fotoball USA, Inc. In addition, he served as Chief Financial Officer for several privately held internet and technology firms.

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.


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