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Wet Seal Inc

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  • Jan 22- Cache Inc is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter. The bankruptcy filing could come as early as next week, the Bloomberg report said. Last week, Wet Seal Inc became the fourth U.S. apparel retailer to file for bankruptcy in the past two months, joining Deb Shops, Delia*...

  • Most active Nasdaq-traded stocks Friday, 16 Jan 2015 | 1:19 PM ET

    Advanced Micro Devices Inc. fell 5.2 percent to $2.39 with 29,801,800 shares traded. Apple Inc. fell. 8 percent to $105.99 with 77,449,900 shares traded. Cisco Systems Inc. rose 1.0 percent to $27.68 with 26,382,700 shares traded.

  • NEW YORK— The Wet Seal Inc. has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining teen clothing stores open. Wet Seal had warned last month that it might need to file for bankruptcy protection if it did not resolve its cash issues after reporting another quarter of losses. Wet Seal and other chains are being hurt by stores like H&M and...

  • Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Wet Seal sells apparel and...

  • Retailer Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 12:03 AM ET

    Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. The company listed assets of $10 million to $50 million and liabilities of $100 million to $50 million, according to the filing. Wet Seal sells apparel and accessories for teen girls and young women...

  • Analysts expect companies presenting at the conference- which include Lululemon Athletica, Big Lots and Guess- to shine a light on holiday trends and discuss business expectations for 2015, and in some cases update their outlooks. J.C. Penney Co, American Eagle Outfitters and Aeropostale Inc all had strong results, though Macy's disappointed.

  • JC Penney to close 40 stores in 2015 Thursday, 8 Jan 2015 | 11:09 AM ET
    A JC Penney store in Brooklyn, New York.

    The closures represent nearly 4 percent of Penney's U.S. stores and will affect about 2,250 employees.

  • Teen fashion retailers are going out of style Wednesday, 7 Jan 2015 | 6:40 PM ET
    A Deb Shop in Westland, Michigan

    Deb Shops, the once popular teen fashion retailer, won court approval on Wednesday to begin going-out-of-business sales for nearly 300 stores.

  • UPDATE 1-Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 10:04 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it went ahead with the closure of 338 stores. The closed stores accounted for almost half of Wet Seal's net sales of about $317 million in the nine months to Nov. 1. The closures will result in pre-tax charges of $5.4 million- $6.4 million, Wet Seal...

  • Wet Seal lays off 3,700 as it closes 338 stores Wednesday, 7 Jan 2015 | 9:26 AM ET

    Jan 7- Struggling apparel retailer Wet Seal Inc said it laid off about 3,700 full- and part-time employees on Wednesday as it closed 338 retail stores. The closures followed Wet Seal's failure to successfully re-negotiate meaningful concessions from landlords, the company said. The closed stores accounted for almost half of Wet Seal's net sales for the nine...

  • Early Movers: LULU, RSH, SPLS, WAG, LC & more Thursday, 11 Dec 2014 | 7:59 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • After-hours buzz: BURL, RH, WTSL, CNX & more Wednesday, 10 Dec 2014 | 5:27 PM ET

    Check out which companies are making headlines after the bell Wednesday: Walgreen, Restoration Hardware, Wet Seal and more.

  • Priced out? Soaring outlet rents squeeze retailers Tuesday, 14 Oct 2014 | 3:30 PM ET
    The Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky, July 30, 2014.

    A real estate executive warned the "herd mentality" that sent many retailers into outlet centers may end up backfiring.

  • Jobs report brings back Goldilocks to Wall Street Friday, 3 Oct 2014 | 2:53 PM ET

    Stocks surge on Goldilocks scenario. Markets benefiting from an economy that's not too hot, not too cold.

  • *Wet Seal names Edmond Thomas chief executive. Wet Seal said it had replaced CEO John Goodman with former CEO Edmond Thomas. Thomas, 61, was Wet Seal's CEO from 2007 to 2011 and its chief operating officer from 1992 to 2000. He was most recently a partner at private investment firm KarpReilly LLC and is on the board of women's apparel retailer New York& Co Inc..

  • Thomas, 61, was Wet Seal's CEO from 2007 to 2011 and the company's chief operating officer from 1992 to 2000. He was most recently a partner at private investment firm KarpReilly LLC and is on the board of women's apparel retailer New York& Co Inc.

  • Wet Seal CEO steps down amid declining same-store sales Wednesday, 3 Sep 2014 | 12:10 PM ET

    Sept 3- Struggling apparel retailer Wet Seal Inc brought back former Chief Executive Edmond Thomas at the helm to replace John Goodman amid mounting losses and declining same-store sales.

  • Early movers: TOL, CVS, NFLX, VOD, X, HELE & more Wednesday, 3 Sep 2014 | 7:43 AM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of the names on the move ahead of the open.

  • After-hours buzz: Concur, Guidewire & more Tuesday, 2 Sep 2014 | 5:32 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Check out which companies are making headlines after the bell Tuesday: Concur, Helen of Troy, Guidewire & more.

  • Target, Nordstrom make Instagram shoppable Tuesday, 26 Aug 2014 | 1:06 PM ET
    Nordstrom's Instagram page.

    A new platform seamlessly allows Instagram users to make purchases when they see an item they like on their feeds.