By  on August 22, 2012

Hal Kahn — the former Macy’s executive who is serving as the very active chairman of Wet Seal Inc. — is doing more than a little multitasking right now.

Kahn said Tuesday that the embattled chain is getting back to its fast-fashion roots. The firm not only logged steep second-quarter losses, but it is contending with activist shareholders, looking for a new chief executive officer, exploring strategic options with an investment bank and has instituted a poison pill.

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