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News Flash
California-based Wet Seal Comp Store sales decline in Oct
12 Nov '07
2 min read
Through these aggressive actions, we believe we are more appropriately positioned entering the holiday season, with inventory per square foot that is 2.3% less than the end of the third quarter last year. These markdowns, as well as the anticipated asset impairment charges, have led to our guidance revision."
Mr. Thomas added, "If business conditions remain consistent with we anticipate a low to mid single digit decline in comparable store sales for the month of November."
The Company plans to report operating results for its fiscal third quarter and provide guidance for its fiscal fourth quarter before the market opens on Thursday, November 29, 2007, followed by a conference call at 8:00 a.m. Pacific Standard Time.
Mr. Thomas added, "If business conditions remain consistent with we anticipate a low to mid single digit decline in comparable store sales for the month of November."
The Company plans to report operating results for its fiscal third quarter and provide guidance for its fiscal fourth quarter before the market opens on Thursday, November 29, 2007, followed by a conference call at 8:00 a.m. Pacific Standard Time.
The Wet Seal Inc
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