Printer Friendly

THE WET SEAL INC. ANNOUNCES FOURTH QUARTER AND YEAR-END SALES RESULTS

THE WET SEAL INC. ANNOUNCES FOURTH QUARTER AND YEAR-END SALES RESULTS
 IRVINE, Calif., March 2 /PRNewswire/ -- The Wet Seal Inc. (NASDAQ: WTSLA) announced that sales for the fourth quarter ended Feb. 1, 1992, were $35,249,000, a 23.8 percent increase over sales of $28,466,000 during last year's fourth quarter, the 13-week period ended Feb. 2, 1991.
 For the 52-week period ended Feb. 1, 1992, sales were $119,893,000, an 11.6 percent increase over sales of $107,437,000 for the previous 52-week period ended Feb. 2, 1991.
 According to Ken Chilvers, president and chief executive officer of the women's apparel retail chain, although comparable store sales (excluding remodeled stores), decreased 4.0 percent for the fourth quarter and decreased 11.9 for fiscal year 1991, comparable store sales are now trending positively.
 "All things considered, we were very pleased with our holiday season sales results. We sense a gradual return of customer spending confidence," said Chilvers.
 The company expects to release fourth quarter and year-end earnings when they are available in late March.
 The Wet Seal Inc., headquartered in Irvine, is a specialty retailer of moderately priced, fashionable casual apparel for women. It currently operates 112 stores in California, Nevada, Arizona, Hawaii, Florida and Texas.
 -0- 3/2/92
 /CONTACT: Alan A. Weinstein, CFO, or E. Lesly Martin of The Wet Seal, 714-583-9029/
 (WTSLA) CO: The Wet Seal Inc. ST: California IN: REA SU:


KJ-JL -- LA004 -- 3792 03/02/92 09:31 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 2, 1992
Words:249
Previous Article:BASF RESTRUCTURES NORTH AMERICAN AUDIOTAPE BUSINESS
Next Article:NATION'S LARGEST MOVER ORDERS TT150 DRIVING SIMULATOR
Topics:


Related Articles
WET SEAL ANNOUNCES THIRD QUARTER RESULTS
WET SEAL ANNOUNCES FOURTH QUARTER AND YEAR-END EARNINGS
WET SEAL REPORTS FIRST QUARTER INCREASES IN EARNINGS, SALES AND COMP STORE SALES
THE WET SEAL INC. REPORTS SECOND QUARTER EARNINGS AND SALES INCREASES
THE WET SEAL INC. ANNOUNCES THIRD QUARTER EARNINGS AND SALES
THE WET SEAL ANNOUNCES EARNINGS AND SALES FOR YEAR END AND FOURTH QUARTER
THE WET SEAL INC. ANNOUNCES LOSS FOR YEAR-END AND FOURTH QUARTER
THE WET SEAL, INC. ANNOUNCES EXPECTED EARNINGS OF $0.42 PER SHARE FOR FOURTH QUARTER FISCAL 199S
THE WET SEAL, INC. ANNOUNCES AUDITED EARNINGS OF $0.43 PER SHARE FOR FOURTH QUARTER FISCAL 1995 AND $0.47 PER SHARE FOR FISCAL YEAR 1995
THE WET SEAL, INC. ANNOUNCES PROFIT AND COMPARABLE STORE SALES INCREASE FOR FIRST QUARTER FISCAL 1996

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters