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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)