Sad News: Your '90s Go-To Mall Brand Is Closing Down
Another one bites the dust: Beloved teen retailer Wet Seal is closing all 171 of its stores across 42 states. According to The Wall Street Journal, the mall chain known for its trendy fashions and wide assortment of accessories was unable to sell the company or raise capital to stay in business, and on January 20, Wet Seal announced it would permanently close all stores along with its Irvine, California, headquarters.
In 2015, the company filed for bankruptcy protection and downsized, shutting down 338 of its then 511 stores. WSJ analysts attributed Wet Seal's downward spiral to the decline in foot traffic at shopping malls. Versa Captial Management acquired the brand as it was struggling, but it was too little too late. Sadly, Wet Seal joins the growing list of '90s-favorite brands that have faced closures, including American Apparel and The Limited.
Head over to Wet Seal's website to shop the mall brand one last time.