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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)