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Ticker:WTSLA
Company Name: Wet Seal, Inc. (The)

Business Overview from 10-K filing for Wet Seal, Inc. (The):

We are a national specialty retailer operating stores selling fashionable and contemporary apparel and accessory items designed for female customers. We are a Delaware corporation that operates two nationwide, primarily mall-based, chains of retail stores under the names “Wet Seal” and “Arden B.” At January 29, 2005, we had 502 retail stores in 46 states, Puerto Rico and Washington D.C. Of the 502 stores, there were 408 locations within the Wet Seal chain and 94 were Arden B. locations. As a part of our financial turn-around strategy to improve our company’s operating results, we announced on December 28, 2004 our plans to close approximately 150 Wet Seal stores. We completed the closure of 153 Wet Seal stores, related to our announced store closure plans by March 5, 2005. We ceased use of the property at 103 stores on or about January 29, 2005 with the remaining 50 stores closing in February and March 2005. (See Item 7 “Store Closures”).  g   

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