DALLAS, June 20, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring The Wet Seal Inc. (Nasdaq:WTSLA). The report includes the Company's most recent news and developments, market position, and financial, information you need to know to make an educated investment decision.
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The Wet Seal Inc. (WTSLA) is a national specialty retailer of fashionable and contemporary apparel and accessory items for young women. As of May 28, 2011, the Company operated a total of 538 stores in 47 states and Puerto Rico, including 456 Wet Seal stores and 82 Arden B stores. WTSLA maintains a Web-based store located at www.wetseal.com and at www.ardenb.com, offering merchandise comparable to that carried in its stores to customers over the Internet. The Company's online stores are designed to serve as an extension of the in-store experience and offer a wide selection of merchandise, with the goal of expanding in-store sales.
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In the report, the analyst notes:
"WTSLA jumped 3.61% to close Friday at $4.30. More than 2 million shares have traded hands during the session, versus the 10-day average volume of 1.96 million. It has a 52-week high of $4.94 and a low of $2.77. WTSLA is currently below its 50-day moving average of $4.32 and above its 200-day moving average of $3.97."
"Early this month, the teen-focused apparel retailer reported a 2.9% increase in comparable store sales for the month of May, as against a 5.3% decrease last year. However, the figure fell short of analysts' expectation of an increase of 3.5%, according to a poll by Thomson Reuters."
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