-- Total net sales between $138 million and $140 million versus $129.3 million in the prior year.
-- Comparable store sales increase between 3% and 4% versus a 46.6% increase in the prior year.
-- 11 new store openings, with a net increase of 13 at Wet Seal and a net decrease of 2 at Arden B.
-- Gross margin rate between 33.5% and 34.1% versus 30.8% in the prior year.
-- Operating income before stock compensation between $6.8 million, or 4.9% of sales, and $8.2 million, or 5.9% of sales.
Headquartered in Foothill Ranch, California, The Wet Seal Inc is a leading specialty retailer of fashionable and contemporary apparel and accessory items. It currently operates a total of 409 stores in 46 states, the District of Columbia and Puerto Rico, including 317 Wet Seal stores and 92 Arden B stores.
marketing@alchempro.com
