Content about Seal

March 10, 2014

The Wet Seal has appointed Deena Varshavskaya, Nancy Lublin and Adam Rothstein as independent members of the company’s board of directors, bringing the total number of members to nine.

The Wet Seal has appointed Deena Varshavskaya, Nancy Lublin and Adam Rothstein as independent members of the company’s board of directors, bringing the total number of members to nine.

April 1, 2013

Wet Seal has announced the promotions of the company’s two divisional merchandising managers for its Wet Seal brand.

FOOTHILL RANCH, Calif. — Wet Seal has announced the promotions of the company’s two divisional merchandising managers for its Wet Seal brand. Kim Bajrech has been appointed SVP, general merchandising manager apparel, and Debbie Shinn has been appointed SVP, general merchandising manager accessories and ready-to-wear.

March 22, 2013

Whirlpool announced that its Gold Series Dishwasher with PowerScour, as well as four other Whirlpool Gold Series Dishwashers, earning the Good Housekeeping Seal by the Good Housekeeping Research Institute (GHRI).

BENTON HARBOR, Mich. — Whirlpool announced that its Gold Series Dishwasher with PowerScour, as well as four other Whirlpool Gold Series Dishwashers, earning the Good Housekeeping Seal by the Good Housekeeping Research Institute (GHRI). 

This announcement comes on the heels of the GHRI awarding Whirlpool Gold® gas and electric ranges with TimeSavor Convection cooking with the Good Housekeeping Seal.

February 11, 2013

The Wet Seal announced that Barbara Cook, SVP store operations, has resigned from the company to accept a new professional opportunity.

FOOTHILL RANCH, Calif. — The Wet Seal announced that Barbara Cook, SVP store operations, has resigned from the company to accept a new professional opportunity. Cook will remain with the company until Feb. 20 to assist with transition of her responsibilities.

John Goodman, CEO of The Wet Seal, Inc., commented: “We thank Barbara for her service to the company since joining us in late 2011 and wish her all the best in her new role.”

 

February 4, 2013

The Wet Seal Inc. on Friday announced that its COO is resigning as the struggling retailer initiates a corporate workforce reduction as part of a broader cost-saving initiative.

FOOTHILLS RANCH, Calif.  —  The Wet Seal Inc. on Friday announced that its COO is resigning as the struggling retailer initiates a corporate workforce reduction as part of a broader cost-saving initiative. In other moves, it will shutter two poor-performing Arden B stores.

The struggling chain, which also authorized a $25 million stock buyback program, said president and COO Ken Seipel resigned effective immediately. His position will not be filled. Instead, Seipel's duties will be shared between CEO John Goodman and CFO Steve Benrubi.

December 27, 2012

Whirlpool brand's Whirlpool Gold Gas and Electric Ranges with TimeSavor Convection cooking systems earned the Good Housekeeping Seal from the Good Housekeeping Research Institute.

BENTON HARBOR, Mich. — Whirlpool brand's Whirlpool Gold Gas and Electric Ranges with TimeSavor Convection cooking systems earned the Good Housekeeping Seal from the Good Housekeeping Research Institute.  

Whirlpool’s TimeSavor Plus True Convection cooking system and AccuBake temperature management system work together to circulate hot air over, under and around food, which allow the range to cook and bake dishes evenly.

October 10, 2012

The Wet Seal has named four new members to its board of directors and Lynda Davey as chairman of the board.

FOOTHILL RANCH, Calif. — The Wet Seal has named four new members to its board of directors and Lynda Davey as chairman of the board.

The new members, who joined effective Oct. 4, include: Dorrit Bern, Lynda Davey, Mindy Meads and John Mills.

August 24, 2012

As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group has named its own slate of board candidates to replace the existing members.

FOOTHILL RANCH, Calif. — As part of its push toward forcing Wet Seal to put itself up for sale, investor Clinton Group has named its own slate of board candidates to replace the existing members.

Clinton’s candidates include former United Retail Group chief Raphael Benaroya, former chairman and CEO of Charming Shoppes Dorrit Bern, former Aeropostale co-CEO Mindy Meads, former Aeropostale COO John Mills, and investment banker Lynda Davey.

July 25, 2012

Shortly after announcing the firing of its CEO, Wet Seal said it was looking into the possible sale of the company to the Clinton Group.

FOOTHILL RANCH, Calif. — Shortly after announcing the firing of its CEO, Wet Seal said it was looking into the possible sale of the company to the Clinton Group.

Wet Seal received a letter from the Clinton Group on July 23 and issued the following response:

July 23, 2012

Wet Seal has terminated the employment of its CEO, Susan McGalla, and has begun a search for a new executive to head the struggling young women's apparel retailer.

FOOTHILL RANCH, Calif. — Wet Seal has terminated the employment of its CEO, Susan McGalla, and has begun a search for a new executive to head the struggling young women's apparel retailer.

Until such a person is found, Wet Seal president and COO and Steve Benrubi, CFO, will serve as co-principal execuitve officers and members of the office of the chairman, led by Hal Kahn, until a new CEO is elected by the board of directors.

For the month-to-date, Wet Seal's comps have declined between 13% and 14%.

January 12, 2011

Specialty apparel retailer Wet Seal announced that it has entered into an employment contract with Susan McGalla to serve as its new CEO through Aug. 8, 2014. McGalla will assume her position as CEO on Jan. 18. Ed Thomas will remain as interim CEO until Jan.18, 2011, and thereafter will remain employed by the company until Feb. 8, to assist with transition.

FOOTHILL RANCH, Calif. - Specialty apparel retailer Wet Seal announced that it has entered into an employment contract with Susan McGalla to serve as its new CEO through Aug. 8, 2014. McGalla will assume her position as CEO on Jan. 18. Ed Thomas will remain as interim CEO until Jan.18, 2011, and thereafter will remain employed by the company until Feb. 8, to assist with transition.