wet seal closing

They are trying to survive and keep their customers. “The nature of work drives whether or not you can adopt this model. (BUSINESS NEWS) Dutchie, a website platform for cannabis companies, just octupled in value. Wet Seal is closing all of its stores, two years after filing for its first bankruptcy. Shop the latest trends in women's fashion. Wet Seal is closing 338 stores, about two-thirds of its locations, resulting in nearly 3,700 full- and part-time workers losing their jobs. Will the audio chat room catch on? People are the always looking for the easiest dollar with the least amount of effort these days. Another beloved teen retailer bites the dust — this time, for real. From dresses to blouses to plus size clothing, Wet Seal has what you're looking for in every style for any occasion. Get all your digital organization in one place with Routine. The American Genius, LLC Copyright © 2007-2020. In June 2010, the Blink by Wet Seal concept was announced. But, as shopping malls decrease in popularity while online shopping has increased, brick and mortar stores have suffered the consequences. Staff Writer, Taylor Leddin is a publicist and freelance writer for a number of national outlets. With these two additions to their compendium, Dutchie can operate as even more of an all-in-one suite, which absolutely contributes to its value as a company. The company is also poised to report … It’s like a merry-go-round, constantly chasing the next thing. During the first bankruptcy, 338 of their 511 stores closed before they filed for bankruptcy protection. Is the federal agency tasked with protecting consumers about to be disbanded? For now, Dutchie remains the ipso facto king of cannabis distribution and sales—and they don’t show any plans to slow down any time soon. During the pandemic the entire world saw an eruption of social audio investments. Wet Seal is closing hundreds of stores Wednesday resulting in nearly 3,700 full and part-time workers losing their jobs. Wet Seal now finds itself in this suffering as it was announced this week that the retailer will be closing all of its stores. TikTok enters the e-commerce space, ready to compete with Zuckerberg? Here’s what you need to know. https://www.thelist.com/223645/the-real-reason-wet-seal-closed-all-its-stores Chatbots: Are they still useful, or ready to be retired? As a pioneer of fast fashion since 1962, the Wet Seal of today still delivers the latest trends - straight from the runway to wearable, everyday fashion. The year 2016 proved to be one of the worst for our favorite suburban destination, the mall. The retailer said Wednesday it decided to close the stores after reviewing its financial condition and failing to negotiate meaningful concessions from landlords. The Real Reason Wet Seal Closed All Its Stores. - The American Genius, Gymboree is the most recent retail domino to fall - The American Genius, The ensuing surge of customers and demand, as more companies opt to continue letting people work remotely. It tends to lead to products that are shoddy and horribly maintained with the least amount of flexibility in pleasing their customers. The paradox of CAPTCHAs: Too smart for humans vs AI? Consumers complaining about Wet Seal most frequently mention customer service and store credit problems. Subscribe to our mailing list for news sent straight to your email inbox. The ensuing surge of customers and demand certainly didn’t hurt the platform, especially given that Dutchie is largely responsible for keeping things on track during some of the more chaotic months for dispensaries. Like American Apparel and The Limited before it, '00s mall staple Wet Seal is closing all its remaining stores (171, in 42 states), Wall Street Journal reports.. Although Wet Seal said it would close 60 locations, it may have shuttered even more. New Pinterest code of conduct pushes for mindful posting, Facebook releases Hotline as yet another Clubhouse competitor, Brace yourselves: Facebook has re-opened political advertising space, Twitter to start charging users? If they do this however without dealing with their current issues then they could also lose people. It’s another day in capitalism. Is this the beginning of a trend for auto companies? In January 2015, it moved to close 338 out of a total 511 stores, signaling the end was in sight. Add this one to the graveyard of mall brands: Wet Seal is closing all its stores. How the audio chat room trend affects products, This web platform for cannabis is blowing up online distribution, Ford adopts flexible working from home schedule for over 30k employees, Unify your remote team with these important conversations, The future of work from home will be a hybrid, says Google CEO, If you’re an employer, don’t hire without knowing about these hidden traits. Instead, the company pivoted to focus solely on the online market and expanded its range to take in plus-size clothing, as Cosmopolitan noted. Wet Seal now finds itself in this suffering as it was announced this week that the retailer will be closing all of its stores. The expansion of their Plus & Curve collection seems to have brought the teen retailer back from the grave, ready to capture the hearts of a whole new generation of young women — just online only. Teen retailer struggles against competition from low-priced fashion outlets and from teens who'd rather buy gadgets than clothes. While it was valued at around $200 million as recently as summer of 2020, a round of series C funding currently puts the company at around $1.7 billion—approximately 8 times its worth a mere 8 months ago. Your email address will not be published. We’ve seen department stores such as Sears and Macy’s struggle to stay in business, while other retailers continue to find themselves on the chopping block. This startup has your news covered, Had to take career gaps? These social media and tech giants are all jumping headlong into it with who knows how much forethought. Dutchie, a Bend, Oregon company, has helped mitigate that issue—and it just raised a ton of money. There are certain jobs that are place-dependent — you need to be in the physical space to do the job,” David Dubensky, chairman and chief executive of Ford Land, told the Washington Post. It’s a mix of feelings about the situation honestly. It was acquired in April of 2015 by Versa Capital for $7.5 million; however, Versa could not raise funding or find a buyer for Wet Seal to continue. However, he also appears open to the possibility of going public via an acquisition company. Ford is the first auto company to allow employees to work from home indefinitely, but it might not be the only one. Wet Seal is reportedly closing its remaining stores after a bumpy few years that included massive layoffs and filing for bankruptcy protection. How much time an employee spends in the office will depend on their responsibilities, and flexible remote hours will need to be approved by an employee’s manager. Last week, the automaker giant announced its “flexible hybrid model” schedule to its staff. But a cryptic goodbye message suggested all was not lost, as Bustle advised at the time. Some employees even reported feeling more productive when working from home. This news isn’t totally unexpected, as Wet Seal closed 338 of its then-511 stores back in January of 2015, also filing for bankruptcy protection. The company then launched the Arden B. brand in November 1998 and changed most of the remaining Contempo Casual names to Arden B. We respect your privacy and take protecting it seriously! Working in the office shifted significantly to working remotely, and it seems like working from home might not go away anytime soon. The ailing teen retailer notified its employees via a letter sent out last Friday. Wet Seal ranks 12th among Teen Clothing sites. Which group do you fall in? National mall clothing retailer Wet Seal closed multiple outlets this week abruptly, leaving employees in a difficult position. The filing shortly after Wet Seal announced a plan to close 338 stores, or two-thirds of its fleet at the time, and lay off 3,695 employees. The retailer had filed for bankruptcy for the second time in its history in 2017 (via Fortune). And, the most recent company on the list to do this is Ford Motor Co. (BUSINESS NEWS) Without filing for a second bankruptcy, Wet Seal announces they will be closing all of their stores. Wet Seal was predominantly based in malls. However, you also have to look at the customer base for this as well. Here’s what that means for the online growth of cannabis distribution. Bustle breathlessly reported on Wet Seal's exciting comeback, which was part of their #WetSealGetsReal campaign of inclusivity. Don’t forget about essential workers in a post-COVID world (be kind), 7 ways to carve out me time while working from home, Why robots freak us out, and what it means for the future of AI, 4 simple tips to ease friction with your boss while working remotely, 3 things to do if you *really* want to be an ally to women in tech. The cannabis industry has, for the most part, blossomed in the past few years, managing to hit only a few major snags along the way. Wet Seal has had two consecutive years of losses as sales have declined. For the most part, learning is being conducted online. - The American Genius, Pingback: Gymboree is the most recent retail domino to fall - The American Genius, Your email address will not be published. As Business Insider noted at the time of the store's initial closures, a significant decrease in foot traffic played a major role in Wet Seal's decline. Wet Seal is reportedly closing all of its 171 store locations, according to the Wall Street Journal. According to the Post, Toyota and General Motors are looking at flexible options of their own. The California company had to shut down after being unable to make any partnerships or supplemental funding. Technically, Dutchie is a jack-of-all-trades service that creates and hosts websites for dispensaries, tracks product, processes orders, keeps stock of revenue, and so much more. She was featured on Thrive Global as a successful woman in journalism, and is the editor-in-chief of The Tidbit. The pandemic has greatly transformed our lives. In its fiscal third quarter, which ended Nov. 1, the company saw its losses nearly triple to $36.9 million. The Wet Seal store at Clovis and Herndon avenues in Clovis has closed its doors. Working from home will be a permanent thing for some people as more companies opt to continue letting people work remotely. The closing of many once-popular stores within shopping malls has become a trend as less and less people spend their time and money at malls. It's been two months since your favorite mall spot, Wet Seal, announced they were closing shop. … It’s up to the employee to have dialogue and discussion with their people leader to determine what works best.”. NEW YORK (AP) — Struggling teen clothing retailer Wet Seal is closing 338 stores, about two-thirds of its stores, resulting in nearly 3,700 full- and part-time workers losing their jobs. Ask a Designer offers free peer-review for better design, Video is necessary for your marketing strategy, Marketing amidst uncertainty: 3 considerations, Advertising overload: Let’s break it down, Bring all your remote work project tools together with Allo, This tool is your ‘hack’ to a simultaneous live stream across platforms. If a competitor creates this new capability and they stay stagnant then they lose customers. A number of them have their own issues to deal with, but they’ve put things aside to try and grab these audio chat room coattails that are running by. Even after the pandemic winds down, Ford will allow more than 30,000 employees already working from home to continue doing so. Silicon Valley has gone crazy with this new endeavor. As things slowly get back to a new “normal”, will things change again? We respect your privacy and take protecting it very seriously! In 1995, Wet Seal acquired 237 Contempo Casuals stores from the Neiman Marcus Group. One of those snags is the issue of payment processing, an issue compounded by predominantly cash-only transactions. At one point, interacting with others was pretty much non-existent. For some, like Veronica Bohrer, that's not possible anyway given the Wet Seal she worked at is in Bismarck, North Dakota. Pandemic claims another victim: Godiva to close brick and mortar stores, U.S retail sales slow to bounce back as COVID winter approaches, Bite-sized retail: Macy’s plans to move out of malls, Consumers already becoming complacent about subscription products. (BUSINESS NEWS) Ford Motor Co. is allowing employees to continue working from home even after the pandemic winds down. Struggling teen clothing retailer Wet Seal is closing 338 stores, about two-thirds of its locations, resulting in nearly 3,700 full- and part-time workers losing their jobs. (BUSINESS NEWS) It is inevitable that when a new successful trend comes along, other companies will try to make lightning strike twice. Society has changed – no one wants help in a store anymore, Pingback: Wet Seal is no more - are malls becoming ghost towns? Wet Seal Closing 300 Stores, Laying Off 3,700 Workers . With this, all of Wet Seal’s employees are now being laid off. Laid-off employees "may apply for future positions at other store locations," according to the firing script given to managers, though that comes without guarantees. Wet Seal, a teen clothing retailer, is closing all of its stores after filing a worker adjustment and retraining notification in California. Subscribe to get business and tech updates, breaking stories, and more! Still, with Wet Seal, it really hurt because, for many people, it meant the end of an era. Required fields are marked *. Net sales dropped 9 percent to $104.3 million. Ford’s decision to implement a remote-office work model has to do in part with an employee survey conducted in June 2020. And the latest of these is the audio chat room. Are you antsy for a new toy or are you waiting for one of these lovely sites to fix a problem? Dutchie also recently took on 2 separate companies and their associated employees, effectively doubling their current staff. This comes after 3,700 employees were let go in 2015 after the company filed for bankruptcy. By 2014, the company had 478 Wet Seal stores and 54 Arden B stores across 48 states an… Working remotely even after COVID? Many took to social media to air their grievances. Indeed, the hit 90s retailer made a surprise return just last year, just not as a brick-and-mortar. Tesla: One company, or a collection of innovative startups? 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