Home / Knowledge / News / Fashion / Wet Seal CEO pleased with denim business performance
Wet Seal CEO pleased with denim business performance
04
Sep '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 August 30, 2008, or fiscal August, as follows.

Click here to view results:

Ed Thomas, chief executive officer of The Wet Seal Inc, commented: "Overall, August comparable store sales were in line with our expectations.

"At our Wet Seal stores, performance accelerated in the second half of the month following a notable slowdown in late July and early August.

We were pleased with the strength in our denim business, particularly fashion denim, as well as in several accessory categories, although this was more than offset by a decline in our tops business.

Our denim sales were supported by a strategy to carry both private label and branded denim in greater depth this back-to-school season versus the prior year.

Regarding our tops business, as previously noted we believe that we were over-assorted in some categories entering August and believe we have opportunity for improvement in this business as Maria Comfort, our new Wet Seal Chief Merchandise Officer, sets the strategy for the upcoming holiday season."

Mr. Thomas continued, "At Arden B, business remained challenged by the ongoing difficult retail environment and our continued maintenance of very conservative inventory levels as we evaluate our new merchandising strategy.

Though not unexpected, we believe we've missed some selling opportunity as a result of tight inventory management, with inventories per square foot at Arden B down 36% when we entered August as compared to the same period last year.

While we remain in a very difficult cycle for young contemporary women's apparel, going forward we intend to add inventory depth prudently in select categories and will modify certain pricing and promotional strategies in an effort to enhance sales without sacrificing recent margin performance gains."

The Wet Seal Inc


Must ReadView All

Bangladesh demands better prices for garment items from US

Apparel/Garments | On 21st Sep 2018

Bangladesh demands better prices for garment items from US

Bangladesh sought better prices for its exports, especially garments, ...

Courtesy: EFI

Textiles | On 21st Sep 2018

Digital textile printing expected to grow at 20% CAGR

Digital textile printing is at this time about 3-4 per cent of all...

Courtesy:  Vishal Banik on Unsplash

Textiles | On 21st Sep 2018

Pakistan's textile exports up 3.72% in July-August 2018

The value of textile and garment exports from Pakistan increased 3.72 ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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