Changes at Wet Seal
The Wet Seal Inc. began closing stores as part of its plans to shutter about 150 of its 463 Wet Seal stores. The Foothill Ranch–based retail chain also operates 96 Arden B. stores. As a result of the closures, the company expects to shed about 2,000 jobs, according to a report in the Los Angeles Times. In other Wet Seal news, Irv Teitelbaum and Stephan Gross retired from the company’s board of directors. Both had served on the board for 20 years. Joel Waller, the incoming chief executive officer, was named to the board.
