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Wet Seal reports February same-store sales jumps 29.3%

02
Mar '06
Women's specialty retailer Wet Seal Inc has reported that same store sales increased 29.3 percent for the four-week period ended February 25th 2006, compared with an increase of 16.4 percent for the same period, a year ago.

The net sales for the four-week period ended February 25th 2006 were $36.1 million, compared with net sales of $29.9 million for the same period last year, an increase of 20.8 percent.

Joel Waller, CEO of Wet Seal Inc, said, "We are very pleased to report a fourteenth consecutive month of comparable store sales increases, especially against such a strong month last year. In February, we began to compare against double-digit same store sales increases in the prior year period, which will continue to be the case through the remainder of fiscal 2006."

During the four-week period ended February 25th 2006, the company opened one Wet Seal store and closed one Wet Seal store. It operates 308 Wet Seal stores and 92 Arden B. stores.

Headquartered in Foothill Ranch, California, Wet Seal Inc is a leading specialty retailer of fashionable and contemporary apparel and accessory items.

Wet Seal Inc


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