Comparable Store Sales
$ in Millions
% Change From
"At Wet Seal, down-trending fashion knit tops and screen tee businesses
overshadowed growth in several other categories. Through the remainder
of the quarter, we will continue to shift our assortment toward strong
performing categories, including woven tops, jeans, dresses and shoes,
to better position
"At Arden B, the bottoms category performed well, while other categories declined. We remain focused on building our bottoms business and improving our tops assortment to provide more compelling outfitting solutions for our customer, as well as maintaining our strength as a dress destination.
"E-commerce sales declined 5% in May compared to a 6% decrease for the prior year month. The level of May sales decline reflects improvement from our recent trend. In June, we expect continued improvement as we anniversary the beginning of strategic efforts to transition to a higher penetration of full-price selling online and better align merchandising in the e-commerce 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 expected e-commerce sales trend
improvement, 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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