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Profile – The Wet Seal, Inc.

The Wet Seal is a mall-based specialty retailer of apparel and accessories for young women. As of Jan 30, 2010 the company operated 504 total stores in 47 US states, the District of Columbia and Puerto Rico, including 424 Wet Seal stores and 80 Arden B stores.

Headquarters Foothill Ranch, California
Sector Clothing & Accessories Stores
Primary NAICS Code 448120 – Women’s Clothing Stores
Primary SIC Code 5621 – Women’s Clothing Stores
Fiscal Year 2009 Ends on Jan 30, 2010
2008 Net Sales $ 593.0 Million
2008 Net Income $ 30.2 Million
Store Count* 504
Total Store Sq Ft** 1,879,395
Employees** 5,896

*as of 1/30/10     **as of 1/31/09




Financial Summary
2008 2007 YoY % Chg 3 YR CAGR 5 YR CAGR
Net Sales (1,000’s) $ 592,960 $ 611,163 -3.0% 5.8% 2.7%
Same-Store Sales Chg -8.5% -1.1%
Net Income (1,000’s) $ 30,154 $ 23,232 29.8% N/A N/A
Diluted EPS $ 0.30 $ 0.23 30.4% N/A N/A
Store Count 496 494 0.4% 7.4% -3.9%
Store Sq Ft (1,000s) 1,879 1,863 0.9% 7.8% -3.7%
Employees 5,896 7,745 -23.9% 3.5% -2.4%
Advertising Spend (1,000s) $ 3,200 $ 6,700 -52.2% -7.9% -10.3%




Fiscal Year Net Sales by Segment (as % of Total)
2008 2007 2006
Wet Seal 82.8% 78.3% 73.9%
Arden B 17.2% 21.7% 26.1%

Wet Seal - 2008 Net Sales by Segment


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