Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Wet Seal raises fiscal Q4 earnings guidance
Wet Seal raises fiscal Q4 earnings guidance
11
Jan '08
The Wet Seal Inc, a leading specialty retailer to young women, reported net sales for the five-week period ended January 5, 2008, of $86.0 million, compared to net sales of $76.5 million reported for the five-week period ended December 30, 2006.

Comparable store sales increased 0.6% for the five-week period ended January 5, 2008, compared to the five-week period ended January 6, 2007. This exceeded prior guidance of low to mid single digit comparable store sales decline for the month. The Company reported a 1.3% increase in comparable store sales in fiscal December last year.

The Company is also increasing its fiscal fourth quarter earnings guidance to net income of between $0.06 to $0.08 per diluted share as compared to a previous estimate of net income of between $0.03 and $0.06 per diluted share.

Ed Thomas, chief executive officer of The Wet Seal Inc, commented: “We were pleased to have achieved positive comparable store sales in this very important fiscal month. The performance was led by strength in our Wet Seal stores during the week before Christmas and the after-Christmas selling period.

While we are encouraged by the continued comparable store sales trend improvement that began last month, we remain cautious in this difficult retail environment and anticipate a low to mid single digit decline in comparable store sales for the month of January.”

The Wet Seal Inc


Must ReadView All

China reportedly cancels trade talks with US, Liu He visit

Apparel/Garments | On 22nd Sep 2018

China reportedly cancels trade talks with US, Liu He visit

Washington is reportedly positive about arriving at a solution to its ...

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

Interviews View All

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search