Is wet seal out of business?
On January 27, 2017, Business Insider and other news outlets reported that Wet Seal was closing all of its stores immediately and terminating all staff and employees, part of an American retail phenomenon of store closures known as the retail apocalypse. The brand was acquired by Gordon Brothers.
Is wet seal still a store?
(WEAR) — Teen clothing store Wet Seal is shutting down nationwide. The Wet Seal at Cordova Mall is still open. Destin Commons says their Wet Seal will be open through January 29th. The company announced they’re closing all 171 store and laying off its workers.
What was wet seal called before?
Lorne’s
Wet Seal was founded in 1962 as Lorne’s and was incorporated as Wet Seal in 1990. The name reportedly came from the founder’s wife who, at a fashion show, said a model in a bathing suit reminded her of a wet seal. In its heyday, the retailer expanded into multiple chains.
Who owns wet seal?
Gordon BrothersWet Seal / Parent organizationGordon Brothers Group, headquartered in Boston, Massachusetts, is a liquidation and restructuring firm that was founded in 1903 by Jacob Gordon. Wikipedia
Is Wet Seal still online?
Wet Seal can still be found online The retailer had filed for bankruptcy for the second time in its history in 2017 (via Fortune).
Will Wet Seal come back?
Wet Seal returned with extended sizing, meaning the retailer is officially back and so much better than ever. Things weren’t going so swell for Wet Seal. The retailer filed for bankruptcy for the second time in its history in February 2017, so it looked like consumers would have to bid the brand a final adieu.
Why did Arden B close?
But the brand was losing sales and operating at a loss. Arden B also didn’t fit within a new business strategy that emphaszies growing its Wet Seal business, which sells to young women ages 13 to 23, the retailer says.
What happened to Arden B clothing?
Launched in 1998, Arden B was teen retailer Wet Seal’s answer to mall chains like Bebe, Guess and Express. Alas, the sexed-up separates brand has breathed its last, with Wet Seal announcing Friday morning that it is shutting down Arden B’s operations. The transition should take place by the back-to-school season.
Is Fashion Bug still in business online?
It offered fashion apparel and accessories in plus, misses’ and junior size ranges. In June 2012, Charming Shoppes announced that Fashion Bug stores would be closing; the final stores closed in February 2013.
Is Arden B still in business?
The women’s specialty apparel retail chain is closing Arden B as part of a broader turnaround plan that includes a goal of generating 10% of sales online this year. Younger women’s specialty apparel retailer The Wet Seal Inc. is closing down its Arden B brand.
Is Arden B in business?
Launched in 1998, Arden B was teen retailer Wet Seal’s answer to mall chains like Bebe, Guess and Express. Alas, the sexed-up separates brand has breathed its last, with Wet Seal announcing Friday morning that it is shutting down Arden B’s operations.