|Comparable Store Sales|
|Net Sales||% Change|
|$ in Millions||From Last Year||This Year||Last Year|
"At Wet Seal, a low single-digit comparable store sales decrease on
Black Friday beat expectations, as we were comparing against our highly
aggressive promotions last year. We attribute our sales performance to
improved product and compelling promotional strategies executed for the
"At Arden B, sales were in line with our expectations and continued to be disappointing outside of strength in our dress, woven bottoms and jewelry businesses. We will continue to carefully manage Arden B inventories as we identify opportunities for improvement.
"For the month, the Company's e-commerce sales declined 18%, an
improvement from recent trends that was driven by progress in
Ms. McGalla concluded, "We remain comfortable with our inventory levels overall as we enter December."
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: This news release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to the
intent, belief, plans or expectations of the Company or its management.
All forward-looking statements made by the Company involve material
risks and uncertainties and are subject to change based on factors
beyond the Company's control. Accordingly, the Company's future
performance and financial results may differ materially from those
expressed or implied in any such forward-looking statements. Such
factors include, but are not limited to, those described in the
Company's filings with the
News Provided by Acquire Media