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Tag Archives: wet seal

Versa says its bid wins Wet Seal

Versa Capital Management said that it is the winning bidder in the auction of troubled teen clothing retailer Wet Seal, which filed for Chapter 11 bankruptcy two months ago. Versa’s bid will be presented Wednesday in the United States Bankruptcy ...

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Clearances, heat lured shoppers to spend in July

NEW YORK — Shoppers showed some spending muscle in July, once summer clearance sales and the hottest July in 50 years got them in the mood. Solid sales reports from retailers Thursday took some of the sting out of weak ...

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Retailers report tepid sales for June

NEW YORK — Retailers could be sweating it out this summer. Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that could leave merchants ...

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