Home / Knowledge / News / Apparel/Garments / Wet Seal Feb performance line with expectations
Wet Seal Feb performance line with expectations
06
Mar '08
The Wet Seal Inc, a leading specialty retailer to young women, reported net sales for the four-week period ended March 1, 2008, of $42.2 million, compared to net sales of $41.2 million reported for fiscal February last year.

Comparable store sales declined 8.2% for the four-week period ended March 1, 2008, compared with a 5.0% increase for the comparable period a year ago.

Ed Thomas, Chief Executive Officer of The Wet Seal Inc, commented: "Consistent with our results throughout fiscal 2007, we achieved better performance in our Wet Seal stores as compared to Arden B in this challenging retail environment.

Wet Seal's performance was in line with our expectations for the month, but Arden B comparable store sales continued to be impacted by inventory mix issues that we expect to continue through the end of April, by which time we expect a stronger presentation of fashion basic and 'wear to work' product to complement the assortment."

Mr. Thomas added, "Beginning with our fourth quarter earnings release and conference call later this month, we plan to provide separate segment revenue, comparable store sales and other operating results for our Wet Seal and Arden B concepts."

The Company plans to report operating results for its fiscal 2007 fourth quarter and provide guidance for its fiscal 2008 first quarter before the market opens on Thursday, March 27, 2008, followed by a conference call at 8:00 a.m. Pacific Daylight Time. A broadcast of the call can be accessed on the Company's website. A replay of the call will be available through April 3, 2008.

Wet Seal Inc

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search