- Wet Seal (NASDAQ:WTSL) -35.5% AH after warning it may file for bankruptcy protection if it is unsuccessful "in the very near term" in addressing its immediate liquidity needs.
- WTSL had engaged advisers to help it explore financing alternatives, but this was its most explicit warning that bankruptcy is an immediate threat, and it follows Chapter 11 filings in recent days from fellow teen apparel retailers Deb Stores and Delia’s.
- The bankruptcy warning came as WTSL said its FQ3 results came in at the low end of its forecast.