|Comparable Store Sales|
|Net Sales||% Change|
|% Change From|
|$ in Millions||Last Year||This Year||Last Year|
"At Wet Seal, our denim and overall bottoms business continued to perform well, while tops and other categories declined, due in part to sales performance challenges from light inventory levels. We continue to build into stronger inventory positions in fashion tops, dresses, shorts and denim as we move into the peak spring selling season. At the same time, we remain cautious about near term sales expectations in light of our recent business trend.
"At Arden B, we continued to experience weakness in all major categories. We will carefully manage Arden B inventories as we identify opportunities to strengthen the business. We set our initial spring merchandise in the back half of February, and we look forward to gradual improvement in sales performance.
"For the month, E-commerce sales declined 24%, as we continue our strategic efforts to transition to a higher penetration of full-price selling online and better align merchandising in this channel with our stores."
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,
statements that relate to the Company's inventory build and near term
sales expectations, as well as 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
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