This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Wet Seal, Inc. Announces January Comparable Store Sales Declined 9.4%

The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, reported net sales and comparable store sales for the five-week period ended February 2, 2013, or fiscal January, and the fiscal fourth quarter ended February 2, 2013, as follows:

Fiscal January
     

Net Sales (1)(3)
          Comparable Store Sales

% Change (2)(3)

$ in Millions
     

% Change From

Last Year

This Year
     

Last Year
Wet Seal $ 32.0 17.2 % -13.4 %       -13.0 %
Arden B   8.0       55.3 % 22.8 %       -12.7 %
Total $ 40.0       23.3 % -9.4 %       -13.0 %
 

Fiscal Fourth Quarter
     

Net Sales (1)(3)
          Comparable Store Sales

% Change (2)(3)

$ in Millions
     

% Change From

Last Year

This Year
     

Last Year
Wet Seal $ 137.2       -1.1 % -9.1 %       -4.6 %
Arden B   24.5       0.7 % -3.1 %       -11.0 %
Total $ 161.7       -0.9 % -8.3 %       -5.5 %
 
     

(1)
   

Net sales for fiscal January and the fourth quarter of the current year include five weeks and fourteen weeks, respectively, while net sales for fiscal January and the fourth quarter of the prior year include four weeks and thirteen weeks, respectively.
 

(2)

Comparable store sales for fiscal January and the fourth quarter of the current year are versus the comparable five weeks and fourteen weeks, respectively, from the prior year. Comparable store sales for fiscal January and the fourth quarter of the prior year are versus the comparable four weeks and thirteen weeks, respectively, from the preceding year.
 

(3)

Net sales at Arden B for fiscal January and the fourth quarter of the current year include store closure sales associated with 18 locations, which took place during the course of the month. These stores generated sales of $1.6 million and $0.7 million in fiscal January of the current year and prior year, respectively, and are not included in the current year comparable store sales results.
 

E-commerce net sales, which are not included in comparable store sales, increased 29.8% and 13.9% in fiscal January and the fiscal fourth quarter, respectively. Such increases include the benefit from the additional week in both fiscal January and the fourth quarter in the current year. Excluding the impact of the additional week, e-commerce net sales increased 6.5% and 8.5% in fiscal January and the fiscal fourth quarter, respectively.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs