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Wet Seal comparable store sales decline in Nov

05
Dec '08
The Wet Seal Inc, a leading specialty retailer to young women, reported net sales and comparable store sales for the four-week period ended November 29, 2008, or fiscal November, as follows:

Ed Thomas, chief executive officer of The Wet Seal Inc, commented: "While still early in the holiday selling season, November sales reflect a difficult beginning to this period. We note that November comparable store sales were negatively affected by a fiscal calendar shift, with only two post-Thanksgiving shopping days in the current year versus nine such days in the prior year. While it is too early to determine the effect this shift may have on sales for the remaining weeks before Christmas, we continue to manage our business prudently."

Mr. Thomas continued, "Despite the very challenging retail environment, we remain comfortable with the conservative inventory levels and promotional positioning at both of our operating divisions."

Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of November 29, 2008, the Company operated a total of 503 stores in 47 states, the District of Columbia and Puerto Rico, including 412 Wet Seal stores and 91 Arden B stores.

The Wet Seal Inc


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