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Article: Wet Seal's Next Test: Profits, Adding Stores

Article from:
Orange County Business Journal
Article date:
January 23, 2006
Author:
Copyright

Now comes the hard part for Foothill Ranchbased Wet Seal Inc.

The teen clothing retailer has been posting eye-catching gains in same-store sales for the past year or so as it bounces back from a downturn that started in 2004.

In December, Wet Seal beat Wall Street expectations with a 39% gain in sales at stores open at least a year.

It was the 12th straight monthly increase for Wet Seal.

"Management has done a really impressive job," said analyst Eric Beder at Brean Murray Garret & Co. "They've taken this company from the dead and revived the chain, and positioned it where it could have profitable growth."

Now Wall Street is wondering what's next.

"The real question for investors is, ...

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