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Press release from Business Wire

The Wet Seal, Inc. Announces November Comparable Store Sales Increased 7.0%

Thursday, December 02, 2010

The Wet Seal, Inc. Announces November Comparable Store Sales Increased 7.0%07:00 EST Thursday, December 02, 2010 FOOTHILL RANCH, Calif. (Business Wire) -- The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, reported net sales and comparable store sales for the four-week period ended November 27, 2010, or fiscal November, as follows:   Fiscal November   Net Sales   Comparable Store Sales % Change $ in Millions % Change From Last Year This Year Last Year Wet Seal $42 .7 16 .7% 8 .3% -5 .8% Arden B 8 .0 3 .6% -0 .3% -1 .5% Total $50 .7 14 .4% 7 .0% -5 .0%   Ed Thomas, president and chief executive officer of The Wet Seal, Inc., commented: “November comparable store sales results exceeded our expectations, driven by strong performance at our Wet Seal division. We believe Wet Seal's results are a reflection of an improved merchandise assortment as well as our compelling Black Friday promotions. At Arden B, sales improved following a slow start to the month as we steadily built up holiday inventories through the remainder of November.” Mr. Thomas continued, “We were also pleased with continued momentum in our direct business in November, with online sales increasing over 45% over the prior year. This online sales increase, which is not a component of comparable store sales, and our larger store base, from 504 stores last year to 536 stores this year, led to November revenue growth well in excess of our comparable store sales increase.” Mr. Thomas concluded, “Our inventories remain well-positioned at both divisions and we are encouraged by our early holiday sales results, which we believe bode well for December sales.” About Wet Seal Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of November 27, 2010, the Company operated a total of 536 stores in 47 states, the District of Columbia and Puerto Rico, including 452 Wet Seal stores and 84 Arden B stores. The Company's products can also be purchased online at www.wetseal.com or www.ardenb.com. For more company information, visit www.wetsealinc.com. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, the intent, belief, plans or expectations of the Company or its management. All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission. This news release contains results reflecting partial year data and non-fiscal data that may not be indicative of results for similar future periods or for the full year. The Company will not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. The Wet Seal, Inc.Steven H. Benrubi, 949-699-3947