Shopping Alert: Wet Seal Closes All of Its Stores

SAN FRANCISCO, CA - JANUARY 07:  The Wet Seal logo is displayed on the exterior of a closed store on January 7, 2015 in San Francisco, California. Wet Seal, a teen clothing retailer, announced that it has closed 338 of its retail stores and will lay off nearly 3,700 employees.  (Photo by Justin Sullivan/Getty Images)

Shopping Alert: Wet Seal Closes All of Its Stores

Another one bites the dust.

Published January 31, 2017

2017 has not been kind to mall retailers. First, the Limited closed all of its 250 locations. Then came the shuttering of American Apparel, marking the official death of velvet bike shorts and metallic sports bras. And now, Wet Seal is shutting down.

The store originally filed for bankruptcy in 2015, closing 338 of its stores. The company was then acquired by Versa Capital, but it wasn’t enough to offset the damage. Versa was unable to find a buyer for Wet Seal, and the company was unable to attain the funds to keep itself afloat. A January 20 memo officially marked its closure.

This is sad. Wet Seal was the store at the mall that let you try out unfortunate childhood fashion experiments, a store that ushered you into adulthood via the proliferation of going out tops. R.I.P.

Written by Jocelyn Silver

(Photo: Justin Sullivan/Getty Images)

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