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Wet Seal Announces Store Closures

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FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--The Wet Seal, Inc. (Nasdaq: WTSL, the “Company”), a leading specialty retailer to young women, today announced that it was closing 338 retail stores effective on or about January 7, 2015. The Company decided to proceed with the store closures after assessing its overall financial condition and the Company’s inability to successfully negotiate meaningful concessions from its landlords. The store closures unfortunately resulted in the termination of approx

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