INK DRIES ON SEVEN MORE WET SEAL DEALS
INK DRIES ON SEVEN MORE WET SEAL DEALS IRVINE, Calif., June 29 /PRNewswire/ -- Women's fashion retailer
The Wet Seal Inc. (NASDAQ: WTSLA) has finalized leases on another seven stores that will open during the summer and early fall, announced Kathy Bronstein, president and chief executive officer.
Adding to the company's growing presence in Texas is a 5,905- square-foot store that recently opened in Plano's Collin Creek Mall. Wet Seal's seventh Texas store, scheduled to debut in late July, is a 5,300-square-foot in Austin's Highland Mall. Wet Seal's other Texas stores are in the Dallas and Houston areas. Clearwater, Fla.'s Countryside Mall has been selected for Wet Seal's 21st store in the Sunshine State. The 5,980-square-foot store will open in late July. Five of Wet Seal's Florida locations are in the Miami area; the remainder are situated throughout the state in some of its most successful regional malls. Wet Seal opened its first store in the Pacific Northwest this past April in Seattle's Southcenter Mall. Its second will open in early August at Tacoma Mall and one more Seattle location is due to open by the end of the year. In California, Wet Seal will open three new stores and one expanded location. Opening in September is a 4,959-square-foot store in Valencia Town Center, a new mall in the north San Fernando Valley area of Los Angeles, and its current site within Del Amo Fashion Square that has been enlarged to 7,330 square feet, an expansion of more than 2,000 square feet. In October, Wet Seal will add a 4,950-square-foot store in Sunnyvale Mall and a 5,915-square-foot location in Riverside County's new Moreno Valley Mall. Six more new Wet Seal stores are scheduled to open by the end of 1992. Wet Seal recently announced a 26.9 percent increase in earnings and a 46.6 percent increase in sales for the first quarter of 1992. In addition, comparable store sales, excluding remodeled stores, rose 11.1 percent for the period ended May 2, 1992. The Wet Seal Inc., headquartered in Irvine, is a specialty retailer of moderately priced, fashionable apparel for women. It currently operates 115 stores throughout California, Arizona, Nevada, Hawaii, Florida, Texas and Washington. -0- 6/29/92 /CONTACT: E. Lesly Martin of The Wet Seal, 714-583-9029/ (WTSLA) CO: The Wet Seal Inc. ST: California IN: REA SU: KJ-EH -- LA022 -- 4810 06/29/92 14:53 EDT
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|Date:||Jun 29, 1992|
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