NEW YORK — There’s no mercy for retailers.

Kathy Bronstein, vice chairman and chief executive officer of The Wet Seal Inc., was forced out Thursday, becoming the latest casualty in a season of pink slips. Since January, top merchants have exited Ann Taylor, Linens & Things, Toys ‘R’ Us, Bath & Body Works, Coach, Talbots, Filene’s, J.C. Penney, Parisian and J. Crew, reflecting hard times at retail and a need for new direction.

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