B. Riley Financial, Inc. to Provide Financing Arrangement with The Wet Seal, Inc., including $20 Million Debtor In Possession Facility, Plan Sponsorship Agreement
PR Newswire - Mon Feb 09, 7:30AM CST
B. Riley Financial, Inc. (OTCBB: RILY) has executed a debtor in possession financing arrangement (DIP) and plan sponsorship agreement (PSA) for The Wet Seal, Inc. (Nasdaq: WTSL). Both the DIP financing and PSA, which form the basis for The Wet Seal's chapter 11 reorganization, will be handled by B. Riley Financial, Inc. and its subsidiaries, B. Riley & Co., LLC, and Great American Group, LLC and its affiliates and designees.
WTSL: 0.03 (unch)
A buyers market for retail space
Seeking Alpha - at Seeking Alpha - Tue Feb 03, 11:17AM CST
SPLS: 16.86 (-0.22), WTSL: 0.03 (unch), BBY: 39.11 (-0.08), M: 64.32 (-0.34), RSH: 0.24 (-0.04), SHLD: 35.70 (+2.32), ARO: 3.63 (+0.04), RCII: 30.49 (+0.92), DLTR: 76.82 (+0.97), HVT: 25.74 (-0.14), BONT: 5.79 (+0.04), WWW: 28.90 (+0.48), JCP: 8.05 (+0.14), ODP: 9.59 (-0.02)
Tailwinds line up for apparel retailers
Seeking Alpha - at Seeking Alpha - Tue Jan 27, 2:42PM CST
DXLG: 5.16 (+0.07), KSS: 68.25 (-0.58), M: 64.32 (-0.34), PVH: 106.54 (+1.13), TLYS: 13.08 (-0.19), ICON: 35.72 (-0.16), ANF: 26.08 (+0.85), AEO: 14.68 (-0.12), VRA: 20.18 (+0.47), HBI: 119.12 (+1.27), KATE: 33.89 (+0.05), BKE: 49.59 (-0.16), CACH: 0.03 (-0.02), ZUMZ: 38.84 (+0.14), BWS: 29.28 (+0.12), EXPR: 14.61 (+0.33), PSUN: 2.95 (unch), GIL: 59.48 (+0.23), GIII: 103.56 (+0.65), VFC: 75.26 (+4.26), WTSL: 0.03 (unch), COLM: 51.50 (+7.91), ANN: 36.52 (+0.52), VNCE: 24.68 (+0.22), LULU: 65.98 (-0.06), ARO: 3.63 (+0.04), URBN: 38.47 (+0.27), GES: 19.01 (+0.49), DDS: 121.15 (+0.70), UA: 73.76 (-0.19), SHOO: 35.65 (+0.24), PERY: 24.38 (+0.17), BONT: 5.79 (+0.04), SQBG: 10.33 (-0.04), JCP: 8.05 (+0.14), JWN: 79.41 (+0.04), CRI: 83.65 (+0.52)
Wet Seal Should Skip The Malls With Version 2.0
Robert Petti - at Seeking Alpha - Thu Jan 22, 6:51AM CST
WTSL: 0.03 (unch)
Wet Seal Bankruptcy Filing Leaves Experts Wondering Who's Next
at The Street - Tue Jan 20, 9:46AM CST
News that Wet Seal filed for Chapter 11 has left market experts nervously wondering who might be next to fall in the teen retail sector.
ZUMZ: 38.84 (+0.14), AAP: 150.16 (-1.26), ANF: 26.08 (+0.85), AEO: 14.68 (-0.12), WTSL: 0.03 (unch), ARO: 3.63 (+0.04), CACH: 0.03 (-0.02)
Wet Seal
at Investor's Business Daily - Fri Jan 16, 5:35PM CST
Wet Seal (WTSL) has filed for Chapter 11. It said in a news release that it's negotiated a "debt in possession" financing agreement with B. Riley Fin'l and Great American Group that provides a $20 mil loan so that it can continue to operate and serve...
WTSL: 0.03 (unch)
Business Highlights
By The Associated Press - AP - Fri Jan 16, 5:00PM CST
DETROIT (AP) — ___
CCL: 43.48 (-0.89), DAL: 44.50 (-0.31), WTSL: 0.03 (unch), TGT: 76.12 (-0.75), WMT: 85.81 (-0.08), JBLU: 16.83 (+0.09)
Most active Nasdaq-traded stocks
AP - Fri Jan 16, 12:19PM CST
NEW YORK (AP) — A look at Nasdaq 10 most-active stocks at 1 p.m.:
MU: 31.85 (-0.09), AMD: 3.15 (+0.03), FB: 75.74 (-0.49), WTSL: 0.03 (unch), MSFT: 43.87 (+0.78), INTC: 34.36 (+0.23), AAPL: 127.08 (+0.62), CSCO: 29.43 (-0.03)
Wet Seal files for bankruptcy in effort to stay afloat
By MICHELLE CHAPMAN - AP - Fri Jan 16, 11:43AM CST
NEW YORK (AP) — The Wet Seal Inc. has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining teen clothing stores open.
KSS: 68.25 (-0.58), JCP: 8.05 (+0.14), WTSL: 0.03 (unch)
Wet Seal is the Latest Teen Retailer to Seek Chapter 11
at The Street - Fri Jan 16, 11:10AM CST
The mall-based chain plans to hand the majority of its equity to B. Riley Financial through a reorganization plan.
WTSL: 0.03 (unch)
Wet Seal Files for Chapter 11 Bankruptcy Protection
Business Wire - Fri Jan 16, 6:00AM CST
The Wet Seal, Inc. (Nasdaq: WTSL), a specialty retailer to young women, today announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"
WTSL: 0.03 (unch)
Wall Street Breakfast: Swiss Stocks Extend Slide
Wall Street Breakfast - at Seeking Alpha - Fri Jan 16, 5:31AM CST
AMZN: 381.83 (+4.66), ZQK: 2.26 (+0.05), WTSL: 0.03 (unch), RSH: 0.24 (-0.04), INTC: 34.36 (+0.23), GOOG: 549.01 (+6.08), SLB: 88.38 (+2.42), ADBE: 76.51 (+1.92), DISH: 77.20 (-0.16), NPO: 63.37 (+0.28), PBR: 6.98 (+0.44), SPY: 209.78 (+0.86), QQQ: 106.91 (+0.91), FOX: 33.66 (+0.35), S: 5.23 (+0.08), FOXA: 34.72 (+0.31), BP: 41.93 (+0.59), GOOGL: 551.16 (+5.15), AAPL: 127.08 (+0.62)
Wet Seal files for bankruptcy protection
Seeking Alpha - at Seeking Alpha - Fri Jan 16, 12:58AM CST
WTSL: 0.03 (unch)
Retailers on the mend (a few surprises)
Seeking Alpha - at Seeking Alpha - Sun Jan 11, 9:44AM CST
ZUMZ: 38.84 (+0.14), EXPR: 14.61 (+0.33), PSUN: 2.95 (unch), WTSL: 0.03 (unch), M: 64.32 (-0.34), ANN: 36.52 (+0.52), SHLD: 35.70 (+2.32), ARO: 3.63 (+0.04), RAD: 8.34 (+0.25), URBN: 38.47 (+0.27), APP: 0.92 (+0.04), WBA: 78.73 (-1.23), LB: 94.51 (-0.30), ANF: 26.08 (+0.85), AEO: 14.68 (-0.12), JCP: 8.05 (+0.14), CVS: 102.63 (-0.37), GPS: 41.20 (-0.37)
We're Drowning In Crude Oil
Brian Nelson - at Seeking Alpha - Sun Jan 11, 1:59AM CST
KMI: 41.97 (+0.21), KSS: 68.25 (-0.58), CLR: 47.36 (+0.74), GE: 25.15 (+0.26), BWLD: 187.27 (+0.30), YHOO: 44.42 (+0.50), COH: 39.85 (+0.64), ESRX: 84.90 (+0.40), ETP: 60.17 (+0.96), EBAY: 56.47 (+1.73), CMG: 674.89 (+4.60), EOG: 96.92 (+2.12), ABBV: 58.05 (+1.00), TWTR: 48.50 (+0.55), AAPL: 127.08 (+0.62), PSX: 76.62 (+1.51), HGG: 6.78 (+0.34), DKS: 53.95 (+0.47), WTSL: 0.03 (unch), COP: 69.88 (+1.84), TCS: 20.17 (+0.15), FIVE: 33.01 (+0.11), RT: 6.40 (+0.20), BBBY: 77.91 (-0.49), GILD: 101.90 (+1.10), AOL: 41.78 (+1.22), CVS: 102.63 (-0.37), MCD: 95.65 (+0.56), CVX: 112.78 (+1.92), VZ: 49.31 (-0.21)
Wet Seal Shuts 338 Stores, Cuts 4K Jobs to Reduce Costs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Jan 09, 3:55PM CST
Specialty retailer Wet Seal Inc. (WTSL) has decided to shut down 338 retail stores effective Jan 7, 2015 as part of its strategy to shed underperforming assets to reduce cost.
TLYS: 13.08 (-0.19), LB: 94.51 (-0.30), WTSL: 0.03 (unch), FL: 53.96 (-0.13)
Stocks Pare Losses But Still Likely to Close Lower for Week
at The Street - Fri Jan 09, 1:20PM CST
Stocks were off their lows but still likely to finish the week in the red as investors worried about a slowing global economy and weak U.S. wage growth.
FB: 75.74 (-0.49), HAL: 44.19 (+1.42), WTSL: 0.03 (unch), COP: 69.88 (+1.84), M: 64.32 (-0.34), SLB: 88.38 (+2.42), SBUX: 91.58 (-0.24), BBBY: 77.91 (-0.49), CVX: 112.78 (+1.92), YELP: 47.53 (-0.10), XLE: 82.04 (+1.70)
Stocks Slide as Weak Wage Growth Not Seen as Barrier to Fed Rate Hike
at The Street - Fri Jan 09, 10:16AM CST
Stocks are falling Friday morning as wage growth slips unexpectedly in December.
SBUX: 91.58 (-0.24), BBBY: 77.91 (-0.49), WTSL: 0.03 (unch), M: 64.32 (-0.34), YELP: 47.53 (-0.10)
Stock Futures Rise Modestly on Jobs Number but Wage Growth Remains Weak
at The Street - Fri Jan 09, 7:48AM CST
The U.S. adds 252,000 jobs in December, coming in better than a forecast increase of 240,000. Stock futures turn higher.
SBUX: 91.58 (-0.24), WTSL: 0.03 (unch), M: 64.32 (-0.34)
Wall Street Breakfast: China PPI Slumps For 34th Straight Month
Wall Street Breakfast - at Seeking Alpha - Fri Jan 09, 5:30AM CST
WTSL: 0.03 (unch), M: 64.32 (-0.34), GOOG: 549.01 (+6.08), SBUX: 91.58 (-0.24), T: 34.66 (+0.05), SPY: 209.78 (+0.86), QQQ: 106.91 (+0.91), KTCC: 9.70 (-0.05), DD: 76.18 (-0.11), ABBV: 58.05 (+1.00), GOOGL: 551.16 (+5.15), MCC: 9.44 (+0.15), GIS: 52.48 (-0.45), SHOS: 12.86 (+0.47), MVO: 15.21 (+0.25), TV: 34.83 (-0.20)