The Wet Seal Inc. swung to a third-quarter loss as it continues to struggle to turn the business around and back to profitability.
On Thursday, the retailer posted a loss of $14.8 million, or 17 cents a diluted share, for the quarter ended Oct. 27, versus a year-ago profit of $3.7 million, or 4 cents a share. Excluding charges, Wet Seal said the loss totaled 11 cents, which was better than the 13-cent loss estimated by analysts. Net sales for the period fell 10.9 percent to $135.5 million from $152.1 million a year earlier.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)