This news is upsetting, especially following the recent announcements regarding the demise of Delia’s and Wet Seal. Get the best deals on Wet Seal Blouses for Women when you shop the largest online selection at eBay.com. If you're feeing a little teary eyed about all this , well, go out and buy some of these cool-cool boot cut jeans, why don't ya. or Best Offer. While having the world at your fingertips in just seconds today is pretty cool, there was something a little bit fun… Posted on December 22, 2014, at 9:00 a.m. Ed Thomas, who returned to the company as CEO a few months ago, is the company's third in four years. "It sounds like the current management team, which was the old management team, really believes in this sexy, more sophisticated look and believes the customer target got too young and too basic," Liz Dunn, founder and CEO of retail consulting firm Talmage Advisors, tells BuzzFeed News. 18,965 were here. Totally OT- but what is going on with all the notifications for ancient comments. Wet Seal's spokesperson and CFO, both contacts on recent press releases, are no longer with the company. Sexy Red Pinstripe 90s/Y2K Flare Black Wet Seal Pants. Adding to that, the liquidations of rivals DEB and Delia's are intensifying mall competition this month, as those retailers clear out dirt-cheap inventory and lure customers in with giant "Going out of Business" signs. EMAIL. 19,297 were here. Are they bell bottoms? Find Wet Seal for women at up to 90% off retail price! Wet Seal. The Official Wet Seal Facebook Page. Wet Seal, which was among the hottest teen retailers in the 90s and early 2000s, is the latest chain running out of reasons to exist. SHARE. All the Stores You Loved in the'90s That No Longer Exist Mehera Bonner 5/5/2021. All three are chains that successfully catered to teen girls in the '90s but have struggled more recently. During Wet Seal's heyday in the late '90s and early 2000s, it was cool and moderately priced — $22 halter tops, $38 dresses, $40 jeans. It was the best of times, it was the worst of times, it was the most ’90s of times. It announced in a quarterly filing this month that based on recent losses, “there is substantial doubt about our ability to continue as a … It also used to own Arden B, a chain targeted at 24- to 34-year-old women, but has been winding down that brand this year. Utilizamos cookies, próprios e de terceiros, que o reconhecem e identificam como um usuário único, para garantir a melhor experiência de navegação, personalizar conteúdo e anúncios, e melhorar o desempenho do nosso site e serviços. In the '90s, little leaguers and local soccer stars didn't go to Dick's Sporting … Fast delivery, full service customer support. The Official Wet Seal Facebook Page. Wet Seal, in particular, has been in a state of dysfunction for more than a year, with a revolving door of executives, steadily declining sales, and the inability to determine whether its core customer is in middle school or college. It regularly held contests, giving away concert tickets for No Doubt, the Goo Goo Dolls, BBMak. Much like its clothes after half a night of partying, Wet Seal is falling apart. Fast delivery, full service customer support. Instead, the company pivoted to focus solely on the online market and expanded its range to take in plus-size clothing, as Cosmopolitan noted. Much of the board has been replaced by the hedge fund, and almost the entire management team turned over between July 2012 and April 2013. Aug 12, 2019 - Shop Women's Wet Seal Black size XS Tops at a discounted price at Poshmark. Most damning was an email from a senior executive included with the complaint that showed she wrote, after store visits in Maryland and Philadelphia: "Global Issues: "Stores Teams - need diversity African Americans dominate - huge issue.". Description: Circa late 90s. Ronseal PBPSWL5L Patio & Block Paving Seal Wet Look 5 Litre. As of Nov. 1, the company counted 528 Wet Seal locations. Follow us & stay up to date on the latest trends & exclusive offers! Despite the fact that no vibes feel less escapable in retail currently than "the '90s" and "teens,". Now, Wet Seal says it's again for 18- to 24-year-old women. Dec 13, 2020 - Shop Women's Wet Seal Brown Red Size XS V-Necks at a discounted price at Poshmark. Its stock closed Friday at 5 cents a share, after announcing late Thursday that its executive overseeing stores and operations will resign on Jan. 2. It's a struggle that could soon end in the company's bankruptcy. Ao continuar com a navegação em nosso site, você aceita o uso de cookies. Wet Seal, bastion of shitty club clothes and mall culture, the Forever 21 of our day, may be headed for bankruptcy. The graphic T-shirts featuring Pikachu, Frozen's Elsa, Barbie, and The Lion King, at a retailer targeting sophisticated 20-year-olds, perfectly illustrate Wet Seal's decade-long struggle to figure out who its core customer is. Wet Seal Another '90s icon, this teen retailer filed for bankruptcy in 2015. It announced in a quarterly filing this month that based on recent losses, "there is substantial doubt about our ability to continue as a going concern." The teen retailer has been terrible at identifying its core customer. Wet Seal, which brought back its old CEO this past September in a last-ditch turnaround attempt, has been bleeding cash and losing customers in recent years as executives keep changing their mind about who they're selling to. Sports Authority. Back in 2004 the New York Times reported Wet Seal could be going bankrupt "any day now." FILA Surface Care Solutions FILAWET, Wet Sealer, Consolidating Protector for Path and Patio, 1L 90 The Chemical Hut Diamond Extra Wet Look High Gloss Non Slip Floor Polishand Sealant with 25 Percent Solids (5L) Comes with TCH Anti-bac Pen. Wet Seal, founded as "Lorne's" in Newport Beach, California, in 1962, plays in the league of teen retailers like Charlotte Russe and Forever 21. What a mess. What's with the cat-ear tiara on her head? In 2004, an executive explained to investors that Wet Seal previously made the mistake of targeting a "very young" 14-year-old customer, then jumping to a 22-year-old customer, but the company planned to get back to 17- to 19-year-olds. Wet Seal is also in trouble with its bond holders because the company missed a bond payment of $28.8 million dollars, causing them to be in further in debt. A message left at interim CFO Thomas Hillebrandt's office was not immediately returned. Wet Seal, which was among the hottest teen retailers in the ’90s and early 2000s, is the latest chain running out of reasons to exist. If so, we hereby decree that it be buried next to the tomb of Delia's. ...Wet Seal's merchandise is confusingly all over the place — it carries sassy Nasty Gal-type t-shirts, "festival-going" wear you might find at Free People and general fast-fashion basics you'd see at Forever 21, in what seems like a bid to see what sticks. Just last year, the company agreed to pay $7.5 million to settle a deeply embarrassing lawsuit that showed it transferred black employees to lower-volume stores, fired them, and hid them on store checks to maintain a certain kind of brand image. It announced in a … Several former Wet Seal employees are exacting revenge on the retailer for its recent layoffs by sparking a protest on social media that has led to widespread bashing of the '90s … Wet Seal, which was among the hottest teen retailers in the '90s and early 2000s, is the latest chain running out of reasons to exist. Any buyer will need to factor in the extent of the turnaround needed. 4.4 out of 5 stars 483. Presearch is a decentralized search engine, powered by the community. Free shipping on many items | Browse your favorite brands ... $4.90 shipping. But the store's failure to profit in recent years, according to BuzzFeed, is due mostly to confusion about its customer demo and an archaic approach to management. "We are confident that there are a number of strategic and financial investors that would back Mr. Thomas in a turnaround at Wet Seal," it said in the November statement. ET. Since the return of Thomas as CEO, the company's stock has plunged more than 80%. "When I was in my teens, Wet Seal was Forever 21 — it was where you went to get all your cool outfits," says Jaclyn Johnson, who runs the blog Some Notes on Napkins and founded marketing and event agency (No Subject.) Sold by charlenesummer. Follow us & stay up to date on the latest trends & exclusive offers! (ZING.) Watch. Follow us & stay up to date on the latest trends & exclusive offers! The retailer's newly installed executive team says it finally has it right: Earlier this month, Wet Seal's CEO said it wants to become "sexy" and "edgy" again, market to 18- to 24-year-olds rather than 13- to 23-year olds, bring back the old Contempo Casuals label, and get out of "juvenile" graphic tees. The stock, now trading at just pennies, hasn't been above $5.15 in the last five years — down substantially from the glory days of $25 a share in 2002. 5 out of 5 stars (6) $ 26.00. Even now, the stores don't feature a lot of models who are "ethnically diverse" or the "sexy, more sophisticated and older look that management's targeting going forward," Liz Dunn of Talmage Advisors explained. The company's receptionist wouldn't provide an email address to send questions to. The push for an "Armani" look is somewhat ironic given Wet Seal is perhaps best known among teens for its five basics for $20 deal. But those changes won't really hit until this spring, and Wet Seal is in extremely tight financial straits during a sluggish holiday shopping season. 18,964 were here. Adding to that, Wet Seal's past behavior shows the company may have lost additional sales by rejecting some of the young women who did want to wear the chain's clothes. Apparently, it had lost its cool among teenagers. Follow us & stay up to date on the latest trends & exclusive offers! But the new executives in place who want to make Wet Seal sexier and "edgy" also have some (SUHprise) serious diversity issues to tackle: Wet Seal, which brought back its old CEO this past September in a last-ditch turnaround attempt, has been bleeding cash and losing customers in recent years as executives keep changing their mind about who they're selling to. Its lender, Bank of America, has tightened the reins, keeping a close eye on its cash levels. TWEET. Buy wet seal secondhand fashion in the Online Shop. Buffy the Vampire Slayer Style. This top from Wet Seal is sheer and still in very good condition. Caso não concorde com o uso cookies dessa forma, você deverá ajustar as configurações de seu navegador ou deixar de acessar o nosso site e serviços. Sales have plummeted for 11 of the past 12 quarters, margins have seriously deteriorated — right now, everything on the website is going for $15 or less — and it's unclear when Wet Seal will return to profitability. "It was sort of first to market in understanding fast-fashion and getting in touch with that teen market and really nailing that," she says. Bustle breathlessly reported on Wet Seal's exciting comeback, which was part of their #WetSealGetsReal campaign of inclusivity. 90s 1452 A fashion look from May 2016 by boxthoughts featuring T By Alexander Wang, Wet Seal, Dr. Martens, Alexander Wang and Mystic Light adeline walker fashion It has typically, for the past 15 years, brought in somewhere around half a billion in annual sales from the web and many malls, making it smaller than chains like Abercrombie or Aeropostale. The problem, way back then? Struggling teen retailer Wet Seal is throwing in the towel and closing all 171 of its stores. ", But the hedge fund is backing the CEO, and says the board should be able to find a buyer or backer for the company. BuzzFeed reports: Wet Seal, which was among the hottest teen retailers in the 90s and early 2000s, is the latest chain running out of reasons to exist. The chain made a failed attempt to purchase County Seat in 1996. If you were known for getting spend-happy in Wet Seal during your teeny-bopper-mall-hopping days, then you were probably bummed that the retailer closed its doors just last year. We offer a wide selection of women's fashion and accessories so you can look and feel great from day to night. But reading through Wet Seal's conference call transcripts from the past decade, it's clear that its revolving door of leadership completely lost control of that cool. Wet Seal wanted the kind of girl who listened to her music, and that of NSYNC and the Backstreet Boys. Wet Seal took over Contempo Casuals (a '90s store made immortal in Clueless) and for a time delivered on teens' need for ruched tube tops and the shortest denim skirts. Me personally it might be time to put this company to rest. Check out our wet seal selection for the very best in unique or custom, handmade pieces from our shops. "The Board should be running a tight process, not disruptive to management, to seek a transaction with these investors as a potential alternative for the company.". Those orders, as per the complaint, came from top executives at the company. Add to Favorites Vintage Sexy Wet Seal Dress TrinketsGrotto. Wet Seal typically served the same audience and competed with Forever 21, and Charlotte Russe. The annual report last year said it was for 13- to 23-year-olds. More recently, Johnson points out that Wet Seal's merchandise is confusingly all over the place — it carries sassy Nasty Gal-type T-shirts, "festival-going" wear you might find at Free People, and general fast-fashion basics you'd see at Forever 21, in what seems like a bid to see what sticks. Wet Seal used to be the store you hit up for cheap *trendy* styles. Wet Seal's roots are totally SoCal but our girls and our styles are fashion-forward and far-reaching. Description: Wet Seal Sweater 90s style deep v back XS acrylic NWT chunky long sleeve NEW. The problem is that Wet Seal has no idea who even wants to buy Wet Seal. Looks like the fate of Wet Seal is fast coming. In 2013, former CEO John Goodman said the Wet Seal customer was a 16-year-old girl obsessed with fashion. It had a strategy of running sweepstakes or partnering with hot pop music acts to reach its target demographic. Barnes & Noble wasn't always the only giant bookseller in town. In order to pay proper respect to … 5L Wet Seal, which was among the hottest teen retailers in the 90s and early 2000s, is the latest chain running out of reasons to exist. Wet Seal's woes have been complicated by the involvement of activist hedge fund Clinton Group, which started pressuring the company to sell itself in 2012, believing it could fetch a price of $5 to $8 a share. A unique find with a Bohemian feel.. Sold by hausdrea. 19,297 were here. Its stock closed Friday at 5 cents a share, after announcing late Thursday that its executive overseeing stores and operations will resign on Jan. 2. In 2010, executives discussed new efforts to focus on the "younger teen." The Official Wet Seal Facebook Page. Pikachu beams. Hey There – we have just started our British site. Wet Seal allegedly told store managers that they needed "to hire more diversity" — that is, more white employees — to obtain a higher-income shopper who might be spending money at the likes of Abercrombie. Presearch is a decentralized search engine, powered by the community. The Official Wet Seal Facebook Page. Maheshwari reports on retail and e-commerce. Maybe you will find some errors – we apologise and promise to learn fast! Wet Seal, which was among the hottest teen retailers in the '90s and early 2000s, is the latest chain running out of reasons to exist. Its lender, Bank of America, has tightened the reins, keeping a close eye on its cash levels. "They want to interject more fashion as quickly as they can, and raise the level of sophistication. SHARE. Management has struggled to prove they understand the changing face of the American teen market, a fact highlighted by a troubling lawsuit, settled last year, that alleged the company sought to hire more white retail staff to achieve the "diversity" needed to reach its target market. 90. Though TV and movie reboots definitely make it seem like the ’90s are more alive than ever, a major part of that… Esses Cookies nos permitem coletar alguns dados pessoais sobre você, como sua ID exclusiva atribuída ao seu dispositivo, endereço de IP, tipo de dispositivo e navegador, conteúdos visualizados ou outras ações realizadas usando nossos serviços, país e idioma selecionados, entre outros.

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