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Stock Market & Financial Investment News

News Breaks
May 27, 2014
16:11 EDTWTSLWet Seal sees completing conversion of 54 Arden B locations by end Q2
The company expects to complete the planned conversion of 54 Arden B locations to Wet Seal and Wet Seal Plus merchandise by the end of the second quarter. The conversion of 31 Arden B locations to Wet Seal Plus provides the company with a timely and low risk opportunity to further test the concept and lay the groundwork for building Wet Seal’s presence in the junior plus market. The stores will operate as Wet Seal Plus through the term of their respective leases, or longer if performance and lease renewal options warrant. The company estimates it will close 17 Arden B locations through lease expirations and the exercise of early termination provisions through the remainder of fiscal 2014. As previously announced, in FY14 the company expects to open 10 new Wet Seal stores, primarily in outlet centers and off-mall, and now estimates it will close 23 Wet Seal locations upon lease expiration. During Q1, the company opened 4 Wet Seal stores and closed 1 Wet Seal location. The company said, “We are on track with our transition work to exit the Arden B concept, including the conversion of 54 locations to Wet Seal and Wet Seal Plus merchandise, which is expected to be completed by late July. We’re particularly excited about the 31 new Wet Seal Plus stores coming on line in high visibility locations, which will allow us to quickly establish a strong foothold in the rapidly growing junior plus market.”
News For WTSL From The Last 14 Days
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December 11, 2014
07:59 EDTWTSLWet Seal plunges after warning on potential for bankruptcy
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December 10, 2014
18:31 EDTWTSLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
16:17 EDTWTSLWet Seal reports Q3 adjusted EPS (28c), consensus (26c)
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15:25 EDTWTSLNotable companies reporting after market close
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