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TheStreet Open House

The Wet Seal, Inc. Announces October Comparable Store Sales Declined 7.6%

The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, reported net sales and comparable store sales for the four-week period ended October 27, 2012, or fiscal October, and the fiscal third quarter ended October 27, 2012, as follows:

Fiscal October

         

Net Sales

Comparable Store Sales% Change

$ in Millions

   

% Change FromLast Year

This Year

   

Last Year

Wet Seal $ 33.0     -3.6 % -6.9 %     -9.9 %
Arden B   5.5     -13.4 % -11.5 %     -8.6 %
Total $ 38.5     -5.1 % -7.6 %     -9.7 %
 

Fiscal Third Quarter

         

Net Sales

Comparable Store Sales% Change

$ in Millions

   

% Change FromLast Year

This Year

   

Last Year

Wet Seal $ 117.9     -10.2 % -13.5 %     -0.1 %
Arden B   17.6     -15.7 % -13.8 %     -6.3 %
Total $ 135.5     -10.9 % -13.5 %     -0.9 %
 

E-commerce sales, which are not included in comparable store sales, increased 9.8% and 8.7% in fiscal October and the fiscal third quarter, respectively.

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