Article: Wet Seal Swims Against Rough Tide

APPAREL: CEO leads turnaround; shares up for year, despite pullback

Foothill Ranch-based Wet Seal Inc. is in a turnaround that's not above some fits and starts.

In July, the operator of mall stores selling clothes for girls and young women saw a disappointing 8.2% drop in sales at stores open at least a year.

Wall Street analysts had been expecting a 2.5% drop in same-store sales for the month.

The poor showing, driven by Wet Seal's struggling Arden B. chain for young women, put a dent in the company's soaring stock last week. But not enough to erase a surge this year on investor hopes of a rebound.

Shares of the company were up nearly 90% for the year last week with a market value of about ...

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