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The Wet Seal, Inc. (WTSL)

- NASDAQ
  • Dec. 5, 2013, 7:44 AM
    • Shares of The Wet Seal (WTSL) crumble after the company misses earnings estimates and issues a weak outlook for the holiday shopping season.
    • The company says it expects Q4 revenue of $134M to $137M, well-off the consensus estimate of analysts calling for $154.5M.
    • WTSL -15.7% premarket.
    | Dec. 5, 2013, 7:44 AM | Comment!
  • Dec. 4, 2013, 5:37 PM
    • Top Gainers, as of 5:15 p.m.: PBYI +10.4%. KFY +4.4%. ZLC +3.9%. PMC +3.3%. CPT +2.9%.
    • Top Losers, as of 5:15 p.m.: WTSL -15.7%. SNPS -4.4%. BRE -3.9%. ARO -3.8%. ASGN -3.5%.
    | Dec. 4, 2013, 5:37 PM | Comment!
  • Dec. 4, 2013, 4:20 PM
    • Wet Seal (WTSL): FQ3 EPS of -$0.12 in-line.
    • Revenue of $127.7M misses by $6.79M. (PR)
    | Dec. 4, 2013, 4:20 PM | Comment!
  • Dec. 4, 2013, 7:12 AM
    • The inventory levels of apparel retailers in the U.S. stand at alarming levels, according to Nomura Equity Research.
    • By most accounts, the group didn't perform well over the Black Friday weekend after entering the holiday shopping season at high inventory levels.
    • Retailers such as Macy's (M) and Gap (GPS) may have an edge with their strong online fulfillment programs, but the early starts to the shopping season exacerbate inventory issues. Some retail chains will start selling spring lines in late December forcing a more promotional stance on older items.
    • On watch: AEO, ANF, ARO, JCP, JWN, KSS, URBN, LTD, APP, TLYS, GES, BKE, CHS, ASNA, CWTR, ANN, CBK, NWY, CACH, BODY, WTSL, CATO, BEBE, DDS.
    | Dec. 4, 2013, 7:12 AM | 2 Comments
  • Dec. 4, 2013, 12:10 AM
  • Dec. 3, 2013, 5:35 PM
  • Nov. 8, 2013, 11:12 AM
    • Some retail analysts aren't getting giddy about the powerful sales reports turned in by Gap and L Brands.
    • Though management of both firms pushed the right levers to cut costs and drive sales with promotions, the gambit could run its course with underlying sales trends weak, warn skeptics.
    • The other side of the argument is that Gap and L Brands won market share at the expense of downtrodden mall rivals that failed to see their promotions click. The pair are also well-positioned to take advantage of the trend toward e-commerce shopping in apparel.
    • Related stocks: AAP, AEO, ANF, JCP, JNY, JWN, KSS, LTD, M, URBN, PSUN, BKE, WTSL, GPS.
    | Nov. 8, 2013, 11:12 AM | Comment!
  • Nov. 7, 2013, 12:39 PM
    • Wet Seal (WTSL): Q3 EPS of -$0.12.
    • Revenue of $127.7M (-5.8% Y/Y) misses by $6.79M. (PR)
    | Nov. 7, 2013, 12:39 PM | Comment!
  • Nov. 6, 2013, 9:27 AM
    | Nov. 6, 2013, 9:27 AM | Comment!
  • Oct. 29, 2013, 9:20 AM
    • Retail sales showed in-line positive growth in September after the expected tail-off in automobile purchases was factored out.
    • Sales at bars and restaurants (CAKE, KONA, DIN, EAT) gained 0.9% - while several mobile phone introductions presumably helped electronics stores (BBY, CONN, HGG) carve out a 0.7% gain for the month.
    • Apparel stores (AEO, ANF, CHS, CACH, BKE, LTD, ANN, BODY, WTSL, ARO, TLYS) continued their downward slog with sales dipping 0.5%.
    | Oct. 29, 2013, 9:20 AM | 1 Comment
  • Oct. 16, 2013, 7:47 AM
    • A guidance cut from Wet Seal (WTSL) could be repeated across the retail sector as weak mall traffic and heightened promotional activity take a wrecking ball to sales targets.
    • After plenty of gloomy forecasts from retail analysts on Q4 store traffic and  sales, the warning from Wet Seal seems to confirm the trend is downward.
    • WTSL -8.9% premarket.
    • On watch: BKE, ANF, ZUMZ, GPS, URBN, GES, PSUN, EXPR, ARO, PLCE, TLYS, CHS.
    | Oct. 16, 2013, 7:47 AM | Comment!
  • Oct. 15, 2013, 5:39 PM
    | Oct. 15, 2013, 5:39 PM | 2 Comments
  • Oct. 15, 2013, 4:26 PM
    • Wet Seal (WTSL) issues an Q3 earnings update. It expects EPS of -$0.12 to $-0.10 from a previous -$0.03 to -$0.02 (and vs. a consensus of -$0.02) and a comparable store sales increase in the "low-single digits" from the previous "mid-single digits" outlook.
    • CEO John Goodman: "Following our strong start to the quarter, mall traffic softened considerably during September and has continued into October, resulting in an increasingly promotional competitive environment in recent weeks. We expect to deliver improvement in most key financial metrics versus the year ago period, but the need to implement more extensive promotions than planned has caused us to lower our margin and earnings expectations for the quarter."
    | Oct. 15, 2013, 4:26 PM | Comment!
  • Oct. 11, 2013, 10:19 AM
    • Dougherty dips into the retail bargain bin to upgrade Wet Seal (WTSL +3%) to a Buy rating.
    • The investment firm is comfortable with Wet Seal's valuation as shares sit 27% below their 52-week highs.
    | Oct. 11, 2013, 10:19 AM | Comment!
  • Oct. 10, 2013, 9:11 AM
    • Mall-based retailers reported a slew of disappointing monthly sales reports this morning with Zumiez (ZUMZ), Buckle (BKE), and American Apparel (APP) all showing a monthly decline in comparable store sales during September while L Brands (LTD) scrounged out a 1% gain but missed estimates.
    • Gap (GPS) reports its monthly tally after the bell, but the overall weakness in retail already shown could tip sentiment.
    • On watch: AEO, ANF, CHS, URBN, TLYS, PSUN, WTSL, EXPR, RUE.
    | Oct. 10, 2013, 9:11 AM | 1 Comment
  • Sep. 17, 2013, 10:13 AM
    • The potential for major consolidation in the retail sector is in focus after Sycamore Partners reveals a 7.96% stake in Aeropostale.
    • Teenager-focused retailers in general are having a good day, but a couple of names are leading the pack.
    • Advancers: Pacific Sunwear (PSUN) +3.7%, Zumiez (ZUMZ) +1.6%, The Wet Seal (WTSL) +1.9%, Abercrombie & Fitch (ANF) +2.2%.
    | Sep. 17, 2013, 10:13 AM | Comment!
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Company Description
Wet Seal Inc is a national multi-channel specialty retailer selling fashion apparel and accessory items designed for female customers through its stores and e-commerce websites.
Sector: Services
Industry: Apparel Stores
Country: United States