Market Overview

The Wet Seal, Inc. Announces March Comparable Store Sales Declined 7.8%

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The Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for the five-week period ended March 31, 2012

Susan McGalla, chief executive officer of The Wet Seal, Inc., commented: “March sales were in line with our expectations.

“At Wet Seal, our shorts, skirts and overall bottoms business, as well as dresses and shoes, performed well, while tops and jewelry sales declined. In tops, we are in the process of adding more fashion and party looks to complement our stronger fashion basic tops business. In light of our recent business trend, we remain cautious about near term sales expectations.

“At Arden B, bottoms, fashion dresses and jewelry performed well, while our tops business declined. We remain focused on maintaining a strong dress business while building strength in the bottoms category. In addition, we are working to improve our tops assortment, which we expect will provide more compelling outfitting solutions for our customer.

Posted-In: News Retail Sales

 

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