Did Wet Seal close?
Wet Seal is an American fast fashion retailer, currently headquartered in Los Angeles, California….Wet Seal.
| Former Wet Seal headquarters in Foothill Ranch, California | |
|---|---|
| Founded | 1962 |
| Defunct | January 27, 2017 (Retail stores only) |
| Headquarters | Los Angeles, California |
| Number of locations | Currently online only |
Will Wet Seal come back?
Wet Seal returned with extended sizing, meaning the retailer is officially back and so much better than ever. Things weren’t going so swell for Wet Seal. The retailer filed for bankruptcy for the second time in its history in February 2017, so it looked like consumers would have to bid the brand a final adieu.
What did Wet Seal turn into?
Wet Seal was established in late 1962 in California as a beachwear retailer, though its development into the 300-unit retail chain in operation during the mid-1990s occurred only after the company had significantly broadened its beachwear merchandise mix.
What happened to the store Arden B?
Launched in 1998, Arden B was teen retailer Wet Seal’s answer to mall chains like Bebe, Guess and Express. Alas, the sexed-up separates brand has breathed its last, with Wet Seal announcing Friday morning that it is shutting down Arden B’s operations. The transition should take place by the back-to-school season.
Why is it called Wet Seal?
Wet Seal was founded in 1962 as Lorne’s and was incorporated as Wet Seal in 1990. The name reportedly came from the founder’s wife who, at a fashion show, said a model in a bathing suit reminded her of a wet seal. In its heyday, the retailer expanded into multiple chains.
Who owns Wet Seal?
Gordon BrothersWet Seal / Parent organization
Who bought Wet Seal?
Wet Seal can still be found online When it came down to it, though, Versa Capital, which bought the brand for a whopping $7.5 million in 2015, simply couldn’t either raise the necessary funding or find a suitable buyer to save the beloved brand, per The Wall Street Journal.
Did Arden B go out of business?
The women’s specialty apparel retail chain is closing Arden B as part of a broader turnaround plan that includes a goal of generating 10% of sales online this year. Younger women’s specialty apparel retailer The Wet Seal Inc. is closing down its Arden B brand.
Why is the store called Wet Seal?
What happened to Charlotte Russe?
Charlotte Russe is the latest mall staple to go out of business, and we’re genuinely bummed out right now. According to USA Today, on March 6th, the retailer confirmed that it will be closing all of its remaining stores and liquidating its inventory.
Who owned Wet Seal?
The Wet Seal, the Southern California teen retail chain that filed for bankruptcy protection in early February, will be bought by the Gordon Brothers Group, which won a U.S. bankruptcy auction by bidding $3 million for the company’s brand name.
Is Charlotte Russe closing 2021?
Charlotte Russe will close all of its stores over the next two months. The women’s clothing company joins a growing group of retailers that couldn’t survive bankruptcy. The company didn’t want to shut down. It filed for bankruptcy protection a month ago and announced plans to close only 94 of its 512 stores nationwide.
Is Wet Seal going out of business?
For women of a certain age, Wet Seal was the coolest store on the planet back when they were fashion-conscious teenagers. When the store announced back in 2017 that it would be closing all 171 of its remaining stores, a million hearts broke at once.
How many locations does Wet Seal have?
Sign in Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of May 1, 2010, the Company operated a total of 501 stores in 47 states, the District of Columbia and Puerto Rico, including 422 Wet Seal stores and 79 Arden B stores.
Who is the Wet Seal?
Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items.