Contemporary apparel retailer Wet Seal posts Nov sales results
04 Dec '06
1 min read
The Wet Seal Inc a leading specialty retailer to young women, reported comparable store sales increased 5.5 percent for the four-week period ended November 25, 2006, compared with an increase of 51.5 percent last year.
Net sales for the four-week period ended November 25, 2006 were $46.0 million, compared with net sales of $41.3 million in the same period last year, an increase of 11.4 percent.
Joel Waller, Chief Executive Officer of The Wet Seal Inc, commented: "Sales again exceeded our expectations in November. We are well positioned to meet anticipated strong demand for the holidays."
During the month, the Company opened 7 Wet Seal and 2 Arden B stores. At November 25, 2006, there were 333 Wet Seal stores and 92 Arden B stores.
The Company expects that, for December, it will have a comparable store sales increase in the low to mid single digits.
marketing@alchempro.com
