Wet Seal Inc. (WTSLA), a specialty retailer headquartered in Foothill Ranch, California, said comparable sales at stores which are open for at least a year declined 9.4 percent for the month of January. Total monthly sales reached $40 million, up 23.3 percent from last year.
The company also said same-store sales dropped 8.3 percent for the fourth quarter. Total sales for the quarter were $161.7 million, down 0.9 percent from last year.
John Goodman, the Company's Chief Executive Officer, said, "Our overall January sales results were below our expectations due to a comparable store sales decline in Wet Seal, partially offset by improved performance at Arden B.
The Company said it continues to expect its fourth-quarter loss per share, before the effect of one-time charges and non-cash asset impairments, to be $0.06.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.