Apr '08
Click here to view March results:
Ed Thomas, chief executive officer of The Wet Seal Inc, commented: "We continue to experience the effects of a difficult retail environment. In addition, we believe an unusually early Easter holiday this year negatively impacted March performance, which also was up against our strongest comparable store sales month in the prior year.
As expected, March results in our Arden B division again were affected by inventory assortment weaknesses in fashion basic and wear-to-work product, which we believe we will begin to correct with deliveries starting in late April."
Mr. Thomas continued, "Consistent with our approach since late last year, we are managing our inventories and overall business with an expectation that this challenging retail environment will continue."
Wet Seal Inc
Must ReadView All
Textiles | On 14th Nov 2018
Vietnam ratifies trans-Pacific trade pact CPTPP
Vietnam’s 14th National Assembly recently adopted a resolution...
Textiles | On 14th Nov 2018
PRC promises unrealised: EU Chamber of Commerce in China
The European Union (EU) Chamber of Commerce in China has said the...
Apparel/Garments | On 14th Nov 2018
Zimbabwe’s firm sacks 200 as S Africa scraps trade pact
Zimbabwe’s apparel company Archer Clothing is witnessing fears of...
Interviews View All
Abhishek Samdaria
Reflete
GST will certainly reduce a lot of paperwork in future
Saket Garg
Garg Corporation
The biggest challenge is lack of skilled workforce and competition from...
Rahuul Jashnani
Jashn
‘Online economy has changed the whole dynamics of buying habits.’
The China Textile Machinery Association (CTMA) is a social-economic...
Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...
Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...
Mr Ambrose Chan
DSG International (Thailand) PLC
Robert Erichsen
Statex Produktions & Vertriebs GmbH
Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...
Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers
Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...
Robert Brunner
Devereux
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Divvya and Nidhhi Gambhir
Walnut
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
Sanjukta Dutta
Sanjukta's Studio
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
