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FOOTHILL RANCH, Calif., Apr 06, 2006 (BUSINESS WIRE) -- The Wet Seal, Inc. (Nasdaq:WTSLA), a leading specialty retailer to young women, today reported that comparable store sales increased 16.2% for the five-week period ended April 1, 2006, compared with an increase of 36.3% for the same period a year ago. Net sales for the five-week period ended April 1, 2006 were $47.3 million, compared with net sales of $41.0 million for the same period last year, an increase of 15.6%.
Mr. Joel Waller, chief executive officer of The Wet Seal, Inc., commented: "We are very pleased to report our fifteenth consecutive month of comparable store sales increases. The size of the sales increase was also encouraging given that Easter is in April this year."
During the five-week period ended April 1, 2006, the Company did not open or close any stores. At April 1, 2006, the Company operated 308 Wet Seal stores and 92 Arden B. stores.
Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. The Company currently operates a total of 400 stores in 46 states, the District of Columbia and Puerto Rico, including 308 Wet Seal stores and 92 Arden B. stores. The Company's products can also be purchased online at www.wetseal.com or www.ardenb.com. For more company information, visit www.wetsealinc.com.
SOURCE: The Wet Seal, Inc.
The Wet Seal, Inc. John Luttrell (EVP and CFO), 949-699-3918
