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Wet Seal to close more than half its stores

2015-01-07 19:03:37| Apparel - Topix.net

Fast-fashion teen retailer Wet Seal Inc. said it would close about two-thirds of its retail locations -- 338 stores -- this week. Foothill Ranch, Calif.-based Wet Seal said in a statement Wednesday the closings occurred "after assessing its overall financial condition and the company's inability to successfully negotiate meaningful concessions from its landlords."

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