More Wet Seal
Wet Seal Chief Executive Joel Waller announced during a recent conference call regarding the company’s fourth fiscal quarter ended Jan 28 that the teen retailer will open 20 to 25 stores by the end of 2006. The announcement was another indication that the Foothill Ranch, Calif.–based company is back on track two years after reporting double- digit declines in its monthly samestore sales. Wet Seal’s net sales for the 13 weeks ended Jan. 28 increased 18.6 percent to $141.4 million versus net sales of $119.2 million for the same period last year.
